Autonomous Driving SoC Market Research, 2033
The global autonomous driving soc market was valued at $36.8 billion in 2023, and is projected to reach $100.1 billion by 2033, growing at a CAGR of 10.6% from 2024 to 2033.
Market Introduction and Definition
An autonomous driving System-on-Chip (SoC) refers to a specialized integrated circuit designed to power and control various functions within autonomous vehicles. This SoC serves as the brain of the vehicle, handling complex computations, data processing, sensor fusion, decision-making, and control tasks necessary for autonomous driving. Integration with various sensors such as cameras, LiDAR, radar, and ultrasonic sensors to gather real-time data about the vehicle's surroundings and environment. High-performance central processing units (CPUs) , graphics processing units (GPUs) , and digital signal processors (DSPs) for processing massive amounts of sensor data, executing algorithms, and running artificial intelligence (AI) and machine learning (ML) models.
Key Takeaways
- The autonomous driving SoC market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major autonomous driving SoC industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Recent Key Strategies and Developments
- In April 2024, Neusoft Reach Automotive Technology (Shanghai) Co., Ltd., a subsidiary of Neusoft specializing in intelligent vehicle technology, and Ambarella, Inc., an edge AI semiconductor company, have formed a strategic partnership announced at the Beijing Auto Show. Leveraging their respective strengths in automotive software, autonomous driving technology, electrification, and AI system-on-chip (SoC) products, the partnership aims to promote and explore product technology and market development collaboratively.
- In January 2024, Ambarella, Inc., an edge AI semiconductor company, and Kodiak Robotics, Inc., a prominent autonomous vehicle company specializing in trucking and defense, have collaborated to enhance the AI efficiency and performance of long-haul trucking fleets. Kodiak has chosen Ambarella's CV3-AD685 AI domain control system-on-chip (SoC) as the embedded compute solution for its next-generation autonomous vehicles.
Key Market Dynamics
The autonomous driving SoC market growth is driven by advancements in artificial intelligence and machine learning technologies, enhancing the capabilities of self-driving vehicles. The global autonomous driving SoC market is growing due to several factors such as advancements in AI and deep learning technologies, regulatory push for autonomous vehicles, and growing investments and partnerships. However, the technological challenges and complexity, and high cost restrains the development of the market. In addition, vertical integration and value-added services, and technological innovation and differentiation will provide ample opportunities for the market's development during the forecast period. The autonomous driving SoC market size is expected to grow significantly in the coming years due to advancements in AI and automotive technologies.
The continuous advancements in artificial intelligence (AI) and deep learning technologies are driving the demand for more powerful and efficient SoCs capable of handling complex algorithms for autonomous driving. As AI algorithms become increasingly sophisticated and data-intensive, there is a growing need for high-performance computing solutions, such as specialized SoCs, to process sensor data, perform real-time analysis, and make autonomous driving decisions. The autonomous driving SoC market size is projected to grow significantly over the next few years due to increased adoption of advanced driver-assistance systems.
Market Segmentation
The autonomous driving SoC market is segmented vehicle type, level of autonomy, application, and region. On the basis of vehicle type, the market is divided into passenger vehicles, and commercial vehicles. As per level of autonomy, the market is segregated into level 2, Level 3, Level 4, Level 5. On the basis of application, the market is bifurcated into Adaptive Cruise Control (ACC) , Lane Keeping Assistance System (LKAS) , Traffic Jam Assist (TJA) , Automated Parking System (APS) , and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Regional/Country Market Outlook
Asia Pacific is witnessing rapid growth in the autonomous driving SoC market, driven by the presence of leading semiconductor manufacturers, automotive OEMs, and technology companies. Countries such as China, Japan, and South Korea are investing heavily in autonomous vehicle research and development. Government initiatives to promote electric and autonomous vehicles, growing urbanization, and the rise of mobility services drive market growth in Asia Pacific. Strategic partnerships between domestic and international players fuel innovation and technology adoption in the region.
- In December 2023, Ambarella, Inc., a semiconductor company specializing in edge AI, unveiled its autonomous driving (AD) software stack, a set of modular components designed to enable vehicle autonomy. Driven by deep learning AI processing, the stack handles tasks such as environmental perception, sensor fusion, and vehicle path planning.
- On January 9th, 2024, Black Sesame Technologies, a leading provider of intelligent vehicle System-on-Chip (SoC) solutions, introduced groundbreaking products at the CES 2024 event. Highlights included the Huashan Series A1000, a high-performance automotive-grade autonomous driving chip, and the Wudang C1200 Series, an intelligent vehicle cross-domain computing platform.
- In September 2020, Li Auto Inc., a major player in China's new energy vehicle market, announced a strategic partnership with NVIDIA Corporation and its Chinese partner, Huizhou Desay SV Automotive. The collaboration aims to integrate NVIDIA's Orin SoC, a next-generation autonomous driving smart chip, into Li Auto's full-size extended-range electric vehicles scheduled for launch in 2022.
Competitive Landscape
Various companies holds a substantial autonomous driving SoC market share in the autonomous driving SoC industry, leveraging its expertise in AI to dominate this sector. The major players operating in the autonomous driving SoC market include NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Ambarella, Inc., MediaTek Inc., Renesas Electronics Corporation, Xilinx, Inc., NXP Semiconductors N.V., Infineon Technologies AG. The autonomous driving SoC industry is rapidly evolving, with major tech companies and automotive manufacturers investing heavily in the development of high-performance chips to power self-driving vehicles. There is a significant autonomous driving SoC market opportunity for companies developing autonomous driving SoCs, as the demand for self-driving technology in both consumer and commercial vehicles is expected to rise sharply. The autonomous driving SoC market forecast is driven by increasing adoption of autonomous vehicles and technological advancements.
Industry Trends:
- In December 2023, Ambarella, Inc., a semiconductor company specializing in edge AI (Artificial Intelligence) introduced its autonomous driving (AD) software stack. This software stack is a collection of modular components designed to enable autonomous driving capabilities in vehicles. The stack is primarily powered by deep learning AI processing, which allows it to perform tasks such as environmental perception, sensor fusion, and vehicle path planning.
- On January 9th, Black Sesame Technologies, a prominent provider of intelligent vehicle System-on-Chip (SoC) solutions, unveiled several groundbreaking products and solutions during the CES 2024 event. Among the highlights were the introduction of their high-performance, automotive-grade autonomous driving chip, named the Huashan Series A1000, and their intelligent vehicle cross-domain computing platform, known as the Wudang C1200 Series.
- In September 2020, Li Auto Inc., one of the prominent player in China's new energy vehicle market announced a strategic partnership with NVIDIA Corporation, a global leader in artificial intelligence computing, and its Chinese partner, Huizhou Desay SV Automotive. This collaboration aims to integrate NVIDIA's next-generation autonomous driving smart chip, Orin SoC (System-on-a-Chip) , into Li Auto's full-size extended-range electric vehicles scheduled for launch in 2022.
Key Sources Referred
- Semiconductor Industry Association (SIA)
- Global Semiconductor Alliance (GSA)
- European Semiconductor Industry Association (ESIA)
- Japan Electronics and Information Technology Industries Association (JEITA)
- Semiconductor Equipment and Materials International (SEMI)
- China Semiconductor Industry Association (CSIA)
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the autonomous driving soc market analysis from 2024 to 2033 to identify the prevailing autonomous driving soc market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the autonomous driving soc market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global autonomous driving soc market trends, key players, market segments, application areas, and market growth strategies.
Autonomous Driving SoC Market Report Highlights
| Aspects | Details |
 Market Size By 2033 | USD 100.1 Billion |
 Growth Rate | CAGR of 10.6% |
 Forecast period | 2024 - 2033 |
 Report Pages | 233 |
 By Level Of Autonomy |
|
 By Application |
|
 By Vehicle Type |
|
 By Region |
|
 Key Market Players | Texas Instruments Incorporated, Infineon Technologies AG, Renesas Electronics Corporation, NXP Semiconductors N.V., Intel Corporation, NVIDIA Corporation, Xilinx, Inc., Qualcomm Technologies, Inc., Ambarella Inc, MediaTek Inc. |
The autonomous driving SoC market was valued at $36.8 billion in 2023 and is estimated to reach $100.2 billion by 2033, exhibiting a CAGR of 10.6% from 2o024 to 2033.
The largest regional market for autonomous driving SoC is North America.
The top companies to hold the market share in autonomous driving SoC are NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Ambarella, Inc., MediaTek Inc., Renesas Electronics Corporation, Xilinx, Inc., NXP Semiconductors N.V., Infineon Technologies AG.
The leading application of autonomous driving SoC market is Adaptive Cruise Control (ACC).
The upcoming trends of autonomous driving SoC Market in the globe are vertical integration and value-added services, and technological innovation and differentiation.
Loading Table Of Content...
