Automotive LiDAR System-on-Chip (SoC) Market Steering the Future: Automotive LiDAR SoC Market Drives Autonomous Innovation

Automotive LiDAR System-on-Chip (SoC) Market

Automotive LiDAR System-on-Chip (SoC) Market to reach over USD 131.75 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive LiDAR System-on-Chip (SoC) Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Commercial Vehicles, And Robo Taxis), Level Of Autonomy

(Semi-Autonomous And Fully Autonomous), Range Type (Short-To-Medium-Range LiDAR and Medium-To-Long-Range LiDAR), Propulsion Type (Electric Vehicles, And Internal Combustion Engine Vehicles) And Perception Type (2D & 3D, and 4D)- Market Outlook And Industry Analysis 2031"

The Global Automotive LiDAR System-on-Chip (SoC) Market is estimated to reach over USD 131.75 billion by 2024-2031, exhibiting a CAGR of 23.72% during the forecast period.

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1807

In corporate and passenger cars, the infotainment system-on-chip (SOC) is an integrated chip offering phone, entertainment, and information services. It is a fully functional electronic substrate with support for analogue, digital, mixed-signal, and radio frequency capabilities. More room and area are required for multi-chip architectures for car infotainment than for SoC designs.

SoC is typically utilized in Internet of Things automotive computing and embedded devices. Several prominent automakers, including Audi, BMW, General Motors, Mercedes-Benz, and Jaguar-Land Rover, have integrated cutting-edge entertainment systems into their cars. In industrialized nations, there is already a market for these luxury automakers.

These automakers are also witnessing increased demand in developing countries because of rising disposable incomes and living standards. The global infotainment SOC market is growing thanks to all of these factors. The main forces behind passenger car sales in emerging economies worldwide are expanding middle-class populations and rising disposable incomes. In the wake of the recession, developing countries have grown steadily, which has increased consumer disposable income.

List of Prominent Players in the Automotive LiDAR System-on-Chip (SoC) Market:
• Innoviz Technologies Ltd
• Luminar Technologies, Inc.
• General Motors
• Volkswagen AG
• Ford Motor Company
• BMW Group
• Indie Semiconductor, Inc.
• Mobileye
• RoboSense
• Ouster, Inc.
• Aeva Inc.
• SiLC Technologies, Inc.
• Scantinel
• Voyant Photonics, Inc.
• Quaenergy Systems, Inc.
• Velodyne Lidar, Inc.

Market Dynamics:
Drivers-
The introduction of a variety of computer-based systems in cars, the growing popularity of advanced driving assistance systems, and the successful launches of electric and hybrid automobiles around the world are driving the Automotive SoC industry. High-end automotive SoCs' excellent performance is pushing the automobile sector to integrate ADAS applications and other specialized artificial intelligence (AI) for enabling activities such as LiDAR point cloud mapping,

integrated circuits, real-time 3D mapping, and many more. Furthermore, the growing desire for a seamless driving experience and other particular safety mechanism innovations to improve transportation is driving the Automotive SoC Market.

Challenges:
With all of the benefits of the Automotive SoC system that contribute to rapid industry growth, there is a big problem related to security obstacles. The security threat environment is expanding rapidly, increasing the probability of hacking and, as a result, directly influencing human safety.

There have lately been some well-publicized security breaches that pose serious concerns about creating a comprehensive autonomous driving system, resulting in a major restricting factor for the growth of the Automotive SoC Market.

Regional Trends:
The North America Automotive LiDAR System-on-Chip (SoC) Market is expected to report a significant market share and is projected to grow at a high CAGR shortly. Due to the presence of new semiconductor technology vendors and a fiercely competitive automotive market,

next-generation automotive solutions will be available. Furthermore, rising customer demand for luxury and next-generation vehicles equipped with ADAS, speech recognition, increased security, GPS, and other feature-rich infotainment systems is propelling market expansion, particularly in the United States.

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Recent Developments:
• In September 2022, Qualcomm Technologies unveiled the Snapdragon 6 Gen 1 and Snapdragon 4 Gen 1 Mobile Platforms, which provide sophisticated technological solutions for the mid-tier and mass-volume markets. The Snapdragon 6 Gen 1 provides excellent capture, intense gaming performance, and intelligent AI assistance. It extends users' reach by delivering rapid connectivity, efficient electricity, and overall performance. The Snapdragon 4 Gen 1 is the most recent 4-series platform, with excellent performance and AI to make interactions more fluid and intuitive.

Segmentation of Automotive LiDAR System-on-Chip (SoC) Market-
By Vehicle Type-
• Passenger Cars
• Commercial Vehicles
• Robo Taxis
By Propulsion Type
• Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Hybrid Electric Vehicles (HEVs)
o Plug-in Hybrid Electric Vehicles (PHEVs)
• Internal Combustion Engine Vehicles
By Level of Autonomy
• Semi-Autonomous
• Fully Autonomous
By Range Type
• Short-to-Medium Range LiDAR
• Medium-to-Long Range LiDAR
By Perception Type-
• 2D and 3D
• 4D
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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