ICV: 2022 ADAS SoC Market Research Report

icv ꄲ Research ꄲ Automotive ꄲ ICV: 2022 ADAS SoC Market Research Report

The automotive industry is experiencing a rapid transformation with the advent of advanced driver assistance systems (ADAS) and the pursuit of autonomous driving. At the heart of these technological advancements lies the ADAS system-on-a-chip (SoC), a critical component that enables the integration of multiple functions into a single platform. ADAS SoCs have emerged as a key enabler for intelligent vehicles, revolutionizing safety, convenience, and overall driving experience.

ADAS SoC is a sophisticated integrated circuit that combines various components, such as processors, memory, sensors, and connectivity modules, into a single package. These chips empower vehicles with real-time decision-making capabilities, enabling them to perceive the surrounding environment, analyze data, and respond with advanced functionalities like lane departure warning, adaptive cruise control, collision avoidance, and automated parking.

The applications of ADAS SoCs span across multiple sectors, including passenger cars, commercial vehicles, and even industrial and agricultural machinery. The implementation of ADAS technology has the potential to significantly reduce accidents, improve road safety, enhance fuel efficiency, and pave the way for autonomous driving. This report mainly focuses on the passenger cars.

Currently, advanced driver assistance technologies are still in the early stages, with passenger vehicles mainly featuring L1 and L2 level automated driving. In 2022, the global ADAS SoC market size was USD 3.295 billion, which is expected to experience significant growth and surpass USD 10 billion by 2024. By 2027, it is projected to reach USD 28.306 billion, with a six-year CAGR of approximately 43.11%.

The ADAS SoC market in China was valued at $1.505 billion in 2022 and is expected to grow to $13.529 billion by 2027, with a six-year CAGR of approximately 44.19%. The European market ranks second with a value of $830 million and is expected to increase to $7.138 billion by 2027, with a six-year CAGR of approximately 43.13%.

In 2022, the ADAS SoC market value in the Americas (including North, Central, and South America) was 363 million US dollars. It is expected to grow to 3.25 billion US dollars by 2027, with a 6-year CAGR of approximately 44.1%. The ADAS SoC market size in the Asia-Pacific region (excluding China) was 520 million US dollars, and significant growth is expected by 2024 to surpass 1.5 billion US dollars. It is predicted to reach 4.121 billion US dollars by 2027, with a 6-year CAGR of approximately 41.19%.

The concentration of the ADAS SoC market is relatively high, with the top three suppliers (Mobileye, Qualcomm, TI) accounting for more than 80% of the sales. The entire market is experiencing rapid growth and intense competition.

Established industry giants such as Mobileye (an Intel company) and Qualcomm dominate the market with their comprehensive product portfolios and extensive expertise in semiconductor technologies. These players have established strong partnerships with automakers, enabling them to penetrate the automotive market effectively.

In addition to the established players, a new wave of rising star companies is emerging in the ADAS SoC industry. Companies like Horizon Robotics and Black Sesame Technologies are leveraging their expertise in artificial intelligence and deep learning algorithms to develop cutting-edge ADAS SoCs. These rising stars are disrupting the market landscape with their innovative approaches, and their solutions are gaining significant attention from automakers and technology enthusiasts.

Table of Contents

Executive Summary

Research Objectives, Scope, and Methodology

1. Introduction

1.1 An overview of ADAS SoC market

1.2 Assumptions

2. Market Trends and Forecasts

2.1 Global market overview

2.2 China

2.3 Europe

2.4 America

2.5 Asia Pacific (excluding China)