Press release
Automotive LiDAR System-on-Chip (SoC) Market Know the Scope and Trends
The Global Automotive LiDAR System-on-Chip (SoC) Market is estimated to reach over USD 245.1 billion by 2034, exhibiting a CAGR of 23.94% during the forecast period.
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The Infotainment System-on-Chip (SoC) is an integrated circuit designed to deliver a range of functionalities-including information, communication, and entertainment services-within both passenger and commercial vehicles. This comprehensive electronic platform supports analog, digital, mixed-signal, and radio frequency operations. Compared to traditional multi-chip architectures, infotainment SoC solutions offer a more space-efficient design, making them ideal for embedded systems and Internet of Things (IoT) applications in automotive computing.
Prominent automotive manufacturers such as Audi, BMW, General Motors, Mercedes-Benz, and Jaguar Land Rover have incorporated advanced infotainment systems into their vehicles, particularly in premium segments. While these brands have established strong market positions in developed economies, rising disposable incomes and improving living standards in emerging markets are also fueling demand for high-end vehicles equipped with sophisticated infotainment technologies. These trends are significantly contributing to the global expansion of the infotainment SoC market.
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
Market Dynamics:
Drivers-
The growth of the Automotive System-on-Chip (SoC) market is being driven by the increasing integration of computer-based systems in vehicles, the rising adoption of advanced driver assistance systems (ADAS), and the global rollout of electric and hybrid vehicles. The superior performance capabilities of high-end automotive SoCs are encouraging automakers to incorporate specialized artificial intelligence (AI) applications such as LiDAR point cloud processing, real-time 3D mapping, and integrated circuit functionalities.
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Challenges:
Despite its numerous advantages, the Automotive SoC market faces significant challenges related to cybersecurity. The expanding threat landscape has heightened concerns about potential hacking incidents, which directly impact driver and passenger safety. Recent high-profile security breaches have raised critical questions about the reliability and safety of autonomous vehicle systems.
Regional Trends:
North America is expected to hold a significant share of the Automotive LiDAR System-on-Chip (SoC) market and is projected to exhibit strong growth in the coming years. This growth is attributed to the region's advanced semiconductor industry, intense competition among automakers, and early adoption of next-generation automotive technologies. Increasing consumer demand in the United States for luxury vehicles equipped with ADAS, voice recognition, advanced security features, GPS, and sophisticated infotainment systems is further driving market expansion.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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