With the rapid development of the smart car industry, the demand for AI chips is also exploding.
The market for automotive AI chips in China will reach $6.8 billion by 2025 and more than $12.4 billion by 2030, at an estimated compound annual growth rate (CAGR) of 28.14 percent, China Industrial Securities analysts said in a report on Wednesday.
The global market for automotive AI chips will reach $11.3 billion by 2025 and $23.6 billion by 2030, at an estimated CAGR of 30.79 percent, the team said.
The value of AI chips in every vehicle and the penetration of autonomous driving features in 2025 will accelerate the growth of the automotive AI chip market, and the continued penetration of autonomous driving after 2025 will allow the automotive AI chip market to continue to grow, the team said.
AI chips are the brains of smart cars and will be used in large numbers as high-level smart driving penetrates, a golden track for smart cars, the team said.
Horizon Robotics is one of the highest-profile companies in China's automotive AI chip space. In March, it said it was shipping 160,000 automotive AI chips in 2020 and would reach a million this year.
NIO-backed artificial intelligence and autonomous driving chip maker Black Sesame Technologies' self-driving chip, the A1000 Pro, taped out in late July, setting a new record for the computing power of such chips built by a local company.
The A1000 Pro is based on the company's A1000 chip, which is optimized to reach 106 TOPS and up to 196 TOPS, Black Sesame said.
Black Sesame said it has worked with companies including NIO, SAIC, BYD, Dongfeng Motor, FAW and Bosch on L2/L3 ADAS and autonomous driving awareness system solutions.