Automotive LiDAR System-on-Chip (SoC) Market Segmentation and Forecast: A Deep Dive into Trends and Technologies.

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 2031, exhibiting a CAGR of 23.72% during the forecast period.

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Infotainment System-on-Chip (SOC) is an integrated chip that provides information, phone, and entertainment services in passenger and business cars. It is a full-featured electronic substrate that supports analog, digital, mixed-signal, and radio frequency functions. Multi-chip architectures for infotainment in autos take up more space and area than SoC designs. SoC is generally used in embedded systems and the Internet of Things for automotive computing.

Audi, BMW, General Motors, Mercedes-Benz, and Jaguar-Land Rover are just a few of the major automakers with innovative entertainment systems built into their vehicles. These luxury carmakers already have a market in developed countries. Because of expanding disposable incomes and living standards, these automakers are also seeing greater demand in developing countries. All of these elements contribute to the growth of the infotainment SOC market size globally.

Increasing disposable incomes and a rising middle-class population are the primary drivers of passenger automobile sales in emerging markets around the world. Developing economies have experienced sustained growth in the post-recession era, resulting in a rise in consumer disposable income.

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

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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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This release was published on openPR.