An autonomous vehicle can sense its environment and allows vehicle movements with least or no human involvement. It uses processors for its functioning. Therefore, the higher the level of autonomy, the better is the processor working for autonomous vehicles.
Market Opportunities
According to MarkNtel Advisors’ research report “Global Autonomous Vehicle Processor Market Analysis, 2021,” the market is likely to grow at a CAGR of 21% during 2021-26F. The growth of the global autonomous vehicle processor market attributes to the high demand for new & innovative autonomous processors. It is to enhance the transportation sector and increase government support for the development. However, the high cost associated with autonomous vehicles and their processor is the biggest challenge hindering the market growth.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 21% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, UK, France, The Netherlands | |
| Asia-Pacific: China, India, Japan | |
| South America: Brazil | |
| Middle East & Africa: South Africa | |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
Market Segmentation
Increasing Trend of Level 4 Autonomous Vehicle Processor
Based on the application, the Level 4 autonomous vehicle segment can rapidly grow during the forecast period. The growth attributes to the unique feature of Level 4 autonomous vehicles. It enables vehicle movements without requiring a human driver. It is to help the blind and disable people to become independent and have access to essential services. Additionally, in all technological developments of the country, the Global Autonomous Vehicle Processor Market is likely to grow between 2021-2026, reveals MarkNtel Advisors in their 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, a rising inclination toward the usage of online platforms is likely to witness, which would further lead to an increase in the sales of autonomous vehicles. Also, as the market resumes, the global Autonomous Vehicle Processor market is likely to observe a positive growth in the forecast timeline.
Competitive Landscape
According to the 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 Electronics 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
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million and thousand units.
A. The Global Autonomous Vehicle Processor Market is projected to grow at a CAGR of 21% during 2021-26.
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.
A. Level 4 Autonomous Vehicle is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
A. . North America continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Autonomous Vehicle Processor Market.
