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Global Autonomous Vehicle Processor Market - A Global and Regional Analysis

Focus on Processors, Vehicle Types, Applications (by Level of Autonomy), Country-Level Analysis, and Impact of COVID-19

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The autonomous vehicle processor market was estimated at $5.07 billion in 2019 and is projected to reach $42.20 billion by the end of 2030.

Opportunities that can further boost the growth of the market include tech manufacturers entering into autonomous processors business segment and autonomous vehicle platooning technology expected to grow exponentially.

Factors driving the growth of the market include transportation as a service is poised to accelerate the demand for new autonomous vehicle processors and increasing push from the government to develop connected and autonomous infrastructure.

Challenges that are restricting the growth of the market include high-cost structure of autonomous vehicles and their processors, lack of advanced infrastructure in developing countries, autonomous vehicle protection from hackers is of paramount concern, global pandemic impacted the overall supply chain of automotive industry.

Key companies operating in the market include Intel Corporation, NXP Semiconductors N.V., Tesla, Inc., NVIDIA Corporation, Texas Instrument Incorporated, KALRAY Corporation, Renesas Electronic Corporation, Qualcomm Technologies, Inc., Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive

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