The growth of the global autonomous vehicle processor market drives by aggressive marketing strategies. These are implemented by vehicle processing manufacturers for brand promotions by advertisements and frequently launching new products. Moreover, an increasing expansion of business, like mergers & acquisitions, has happened due to collaborations of vehicle processor manufacturers. It to improve their product offerings and global footprint. Thus, this contributes to the development opportunity for the lucrative growth of the market.
Key questions answered in the study:
According to the MarkNtel Advisors' research report, "Global Autonomous Vehicle Processor Market Analysis, 2021," the market is likely to grow at a CAGR of around 21% during 2021-26. Based on product, the passenger cars held the largest share in the global autonomous vehicle market in 2019. The segment growth was primarily due to fuel economy improvement, reduction in traffic congestion, time-effectiveness, and decline in harmful emissions.
"Global Autonomous Vehicle Processor Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the industry potential, key factors impacting the sales & purchase decisions, hotspots, and available opportunities for autonomous vehicle processor providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
North America region likely to witness Astronomical Growth
North America is likely to witness astronomical growth in the Global Autonomous Vehicle Processor market between 2021-2026 due to the high demand for luxury autonomous cars in the United States. Further, the growing North American region attributes to the increase in the government initiative. It is to include autonomous vehicles for public transportation and high demand for luxury autonomous cars. Moreover, the rising need for automated vehicles and its constantly growing industry drive the market growth, states MarkNtel Advisors in their research report, "Global Autonomous Vehicle Processor Market Analysis, 2021."
According to the MarkNtel Advisors, the key players with a considerable market share in the Global Autonomous Vehicle Processor market are NXP Semiconductors N.V., Intel Corporation, Tesla, Inc., BASF SE, NVIDIA Corporation, Texas Instruments Incorporated, KALRAY Corporation, Renesas Electronics Corporation, Qualcomm Technologies, Inc, Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive.