Global Autonomous Vehicle Processor Market Size, Share, Demand, Growth and Forecast to 2026

The global autonomous vehicle processor market is anticipated to grow enormously owing to increased government support and investment to support the development of the autonomous vehicle market. Moreover, rapid internet penetration and rising digitalization are expected to provide growth opportunities for the market. Besides these, high demand for premium cars and rising road capacity aids to the growth of the market. Additionally, increase in adoption of the marketing strategies by leading market players such as mergers & acquisitions will also drive the market in the forecast period.

On the Basis of Products, the market is bifurcated into Commercial cars and Passenger cars. Passenger Cars grabbed the highest share in the global autonomous vehicle market owing to improvement in fuel economy and high time-efficiency.

On the Basis of Application, the market is divided into four segments, Level 2 autonomous vehicle, Level 3 autonomous vehicle, Level 4 autonomous vehicle and Level 5 autonomous vehicle. The demand for the Level 4 autonomous vehicle segment is at its peak due to its unique feature such as it enables the movement of the vehicle without requiring a human driver. This feature helps blind and disabled people to become independent and have access to essential services. Moreover, the Level 2 autonomous vehicle market is anticipated to acquire the highest stake in the global autonomous vehicle processor market in 2019 owing to rise in government initiative to constantly work on improvising the safety of the vehicle by enforcing the use of advanced driving assistance systems (ADAS) in the vehicles.

The key players with a considerable market share in the Global Automotive Vehicle Processor market are NXP Semiconductors N.V., Intel Corporation, Tesla, Inc., BASF SE, NVIDIA Corporation, Texas Instruments Incorporated, KALRAY Corporation, Renesas Electronic Corporation, Qualcomm Technologies, Inc, Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive, Others, are few of the leading players in the Global Automotive Vehicle Processor Market.

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