Qualcomm has introduced a collaboration with BMW Group to herald the most recent developments in driver help applied sciences. The information got here simply because it was asserting at its 2021 Investor Day that it expects its addressable alternative within the chipset area to develop from about $100bn right this moment to $700bn within the subsequent decade as extra units change into intelligently related.
BMW Group and Qualcomm Applied sciences say they are going to purpose to increase their longstanding relationship to ship secure, sensible and complicated driving experiences to BMW automobiles. The automotive maker’s next-generation automated driving (AD) stack will probably be primarily based on the Snapdragon Trip Platform imaginative and prescient system-on-chip (SoC), imaginative and prescient notion and superior driver-assistance techniques (ADAS) central compute SoC controllers managed by the Qualcomm Automotive-2-Cloud companies platform.
The BMW Group claims to have been an trade chief in driver help innovation for greater than twenty years. In its quest to proceed increasing a broad portfolio of driver help techniques, it’ll use Qualcomm Applied sciences to deliver a full spectrum of ADAS/AD features, together with entrance, rear and encompass view digital camera pc imaginative and prescient in a devoted pc imaginative and prescient SoC, in addition to a high-performance ADAS central compute controller, to host BMW’s drive coverage and different planning and driving features.
“BMW has chosen Qualcomm Applied sciences as our expertise companion and techniques options supplier primarily based on the corporate’s breadth and depth of portfolio, in addition to confirmed experience in compute, connectivity, pc imaginative and prescient, superior semiconductors and driver help applied sciences,” mentioned Nicolai Martin, senior vice-president driving expertise at BMW Group. “We stay up for working in direct relationship with Qualcomm Applied sciences to construct our next-generation ADAS/AD platform, in addition to to proceed delivering world-class driving experiences to our prospects.”
Cristiano Amon, president and CEO of Qualcomm Integrated, added: “Our announcement with BMW right this moment is the onset of a brand new period in automotive the place two expertise leaders have come collectively to design and develop a key ingredient of Snapdragon Digital Chassis for the next-generation car. We’re very pleased with this milestone and can’t wait to deliver our collectively designed merchandise onto the highway.”
Simply because it was revealing the BMW undertaking, Qualcomm’s Investor Day noticed Amon declare that the corporate was at first of one of many largest alternatives in its historical past, enabling a world the place everybody and every part is intelligently related. “Qualcomm is uniquely positioned to develop throughout a number of industries along with handsets, with a quickly diversifying enterprise that’s not outlined by anybody single trade or buyer,” he mentioned.
Qualcomm offered new three-year monetary targets, together with an expectation that revenues in its automotive enterprise will develop to about $3.5bn in 5 years and about $8bn in 10 years. The projections additionally forecast revenues at Qualcomm CDMA Applied sciences – which develops and provides built-in circuits and system software program primarily based on 3G/4G/5G and different applied sciences to be used in cellular – to develop at mid-teens CAGR with a 30%+ working margin by fiscal 2024 and for handset and RF front-end revenues to develop not less than consistent with a 12% SAM CAGR by fiscal 2024. Qualcomm’s IoT revenues are projected to develop as much as $9bn in fiscal 2024.