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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 And Perception Type, Region And Segment Forecasts, 2024-2031.
The global Automotive LiDAR System-on-Chip (SoC) Market is estimated to reach over USD XX billion by 2031, exhibiting a CAGR of XX% during the forecast period.
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Infotainment 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 commonly 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, and 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. Rising disposable incomes and a growing 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:
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, as well as other particular safety mechanism innovations to improve transportation, is driving the Automotive SoC Market.
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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, having a direct influence on 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 register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. 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 vehicles 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.
Recent Developments:
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Segmentation of Automotive LiDAR System-on-Chip (SoC) Market-
By Vehicle Type-
By Level of Autonomy
By Range Type
By Perception Type-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Details insights on this market: https://www.insightaceanalytic.com/report/automotive-lidar-system-on-chip-soc-market/1807
