With the development of electric vehicles and autonomous driving functions, the number of chips used by automakers has grown rapidly, and the automotive market has become a key growth area for chipmakers.Akash Palkhiwala, Qualcomm's chief financial officer, said: "In terms of average revenue per vehicle, our opportunities range from about $200 to $3,000. Going forward, the business composition will be high-end market.tilt, so the opportunity will continue to expand.”
Qualcomm said the targeted automotive market could reach $100 billion by 2030.
The company estimates that automotive revenue will increase to about $1.3 billion in fiscal 2022, up from $975 million in the previous fiscal year.That figure will exceed $4 billion by fiscal 2026, rising further to more than $9 billion by fiscal 2031.
Qualcomm also announced an expanded partnership with the Mercedes-Benz Group.The latter will use the "Snapdragon Cockpit" product in in-vehicle infotainment systems starting in 2023.
Qualcomm also has many automotive customers in the Chinese market.Qualcomm CEO Cristiano Amon said: "A strong win-win partnership between U.S. and Chinese companies will always be a stabilizing force."
Earlier this week, Nvidia also unveiled a new automotive central computing system that provides autonomous and assisted driving technology, as well as in-car digital entertainment and other services.