Autonomous Cars Chip Market size was valued at USD 9.2 Billion in 2024 and is projected to reach USD 62.3 Billion by 2033, exhibiting a CAGR of 25% from 2026 to 2033.
South Korea's autonomous cars chip market is experiencing rapid growth, driven by technological advancements and strategic investments. In 2023, the market generated approximately USD 885.3 million in revenue and is projected to reach USD 2,062.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 12.8%.
Key developments include the introduction of AI chips tailored for autonomous driving. For instance, BOS Semiconductors, supported by Hyundai Motor Group, unveiled the "Eagle-N" chip, designed for in-vehicle infotainment and autonomous functions. This chip utilizes chiplet technology, allowing for customization and cost efficiency, and is set to enter production in late 2026.
In terms of chip types, the market encompasses:
AI Accelerators: Enhance processing capabilities for real-time decision-making in autonomous vehicles.
Microcontrollers: Manage various vehicle functions, ensuring seamless operation.
Sensor Chips: Facilitate object detection and environment mapping.
Connectivity Chips: Enable vehicle-to-everything (V2X) communication, crucial for autonomous navigation.
Industries driving demand for these chips include:
Automotive Manufacturers: Integrating advanced chips to achieve higher levels of vehicle autonomy.
Technology Firms: Collaborating on the development of AI and sensor technologies for vehicles.
Telecommunications Companies: Providing the necessary infrastructure for connected vehicle ecosystems.
Government initiatives play a pivotal role in this growth. The South Korean government has implemented policies to support semiconductor development, including tax incentives and infrastructure investments. Additionally, plans are underway to establish a large-scale semiconductor cluster near Seoul, further bolstering the industry.
As the market evolves, challenges such as regulatory frameworks and public acceptance remain. However, with continued collaboration between the public and private sectors, South Korea is poised to be a leader in the autonomous vehicle chip industry.
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Intel
NVIDIA
Mobileye
NXP
Reza
Infineon
STMicro
Xilinx
Allwinner Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Autonomous Cars Chip Market
Central Processing Unit (CPU)
Graphics Processing Unit (GPU)
Field-Programmable Gate Array (FPGA)
Application-Specific Integrated Circuit (ASIC)
Digital Signal Processor (DSP)
Autonomous Driving
Driver Assistance Systems
Vehicle-to-Everything (V2X) Communication
Mapping and Localization
Real-Time Data Processing
Passenger Cars
Commercial Vehicles
Moto Vehicles
Specialized Vehicles (e.g., mining, agricultural)
Autonomous Rovers
LiDAR Technology
Radar Technology
Camera-Based Systems
Ultrasonic Sensors
Fusion Sensors Technology
Level 0 (No Automation)
Level 1 (Driver Assistance)
Level 2 (Partial Automation)
Level 3 (Conditional Automation)
Level 4 (High Automation)
Level 5 (Full Automation)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Autonomous Cars Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Autonomous Cars Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Autonomous Cars Chip Market, By Type
6. South Korea Autonomous Cars Chip Market, By Application
7. South Korea Autonomous Cars Chip Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Autonomous Cars Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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