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An Autonomous vehicle is capable of sensing its environment and allows movement of vehicle with least or no human involvement. It uses processors for its working. Therefore, the higher the level of autonomy, the better is the processor working for the autonomous vehicle.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Market Opportunities
According to MarkNtel Advisors’ research report “Global Autonomous Vehicle Processor Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 21% during 2021-26F. The growth of the global Autonomous vehicle processor market is attributed to the high demand for new and innovative autonomous processors to enhance the transportation sector and increasing government support for the development of autonomous. However, the high cost associated with autonomous vehicles and their processor is the biggest challenge leading to hinder the growth of the market.
Market Segmentation
Increasing Trend of Level 4 Autonomous Vehicle Processor
Based on application, the Level 4 autonomous vehicle segment is anticipated to grow at the fastest rate during the forecasted period. The growth is attributed to the unique feature of Level 4 autonomous vehicle which enables the movement of the vehicle without requiring a human driver. This is to help blind and disable people to become independent and have access to essential services. Besides this, all the technological developments in the country, the Global Autonomous Vehicle Processor Market is expected to grow in the period of 2021-2026 as revealed by the MarkNtel Advisors’ research report “Global Autonomous Vehicle Processor Market Analysis, 2021”.
Impact of COVID-19
The outbreak of the coronavirus pandemic has negatively impacted the global autonomous vehicle processor market due to lockdown imposition and government policies to temporarily shut down the manufacturing units leading to disruption in supply chain and production capacity. However, post-outbreak of COVID-19, there is a rise in inclination towards usage of online platforms is expected to witness which would further lead to an increase in the sales of the autonomous vehicle. Also, as the market resumes, the global autonomous vehicle processor market is going to observepositive growth steadily in the forthcoming timeline.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Autonomous Vehicle Processor market include NXP Semiconductors N.V., Intel Corporation, Tesla, Inc., BASF SE, NVIDIA Corporation, Texas Instruments Incorporated, KALRAY Corporation, Renesas Electronic Corporation, Qualcomm Technologies, Inc, Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive, Others.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Autonomous Vehicle Processor Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million and thousand units.
Q. What would be the growth rate or CAGR of Global Autonomous Vehicle Processor Market during 2021-26?
A. The Global Autonomous Vehicle Processor Market is projected to grow at a CAGR of 21% during 2021-26.
Q. Who are the key competitors or players operating in Global Autonomous Vehicle Processor Market?
A. NXP Semiconductors N.V., Intel Corporation, Tesla, Inc., BASF SE, NVIDIA Corporation, Texas Instruments Incorporated, KALRAY Corporation, Renesas Electronic Corporation, Qualcomm Technologies, Inc, Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive, Othersare few of the leading players in the Global Autonomous Vehicle Processor Market.
Q. Which types segment would emerge as an opportunity area for players in Global Autonomous Vehicle Processor Market?
A. Level 4 Autonomous Vehicle is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Autonomous Vehicle Processor Market?
A. North America continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Autonomous Vehicle Processor Market.
