Qualcomm has introduced a collaboration with BMW Group to herald the newest developments in driver help applied sciences. The information got here simply because it was saying at its 2021 Investor Day that it expects its addressable alternative within the chipset enviornment to develop from about $100bn immediately to $700bn within the subsequent decade as extra units change into intelligently linked.
BMW Group and Qualcomm Applied sciences say they are going to intention to increase their longstanding relationship to ship protected, sensible and complicated driving experiences to BMW automobiles. The automotive maker’s next-generation automated driving (AD) stack shall be based mostly on the Snapdragon Experience 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 providers platform.
The BMW Group claims to have been an business chief in driver help innovation for greater than twenty years. In its quest to proceed increasing a broad portfolio of driver help techniques, it’s going to use Qualcomm Applied sciences to carry 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 based mostly 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 sit 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 clients.”
Cristiano Amon, president and CEO of Qualcomm Integrated, added: “Our announcement with BMW immediately is the onset of a brand new period in automotive the place two expertise leaders have come collectively to design and develop a key component of Snapdragon Digital Chassis for the next-generation vehicle. We’re very pleased with this milestone and can’t wait to carry our collectively designed merchandise onto the highway.”
Simply because it was revealing the BMW venture, Qualcomm’s Investor Day noticed Amon declare that the corporate was initially of one of many largest alternatives in its historical past, enabling a world the place everybody and all the pieces is intelligently linked. “Qualcomm is uniquely positioned to develop throughout a number of industries along with handsets, with a quickly diversifying enterprise that isn’t outlined by anyone single business 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 based mostly on 3G/4G/5G and different applied sciences to be used in cell – to develop at mid-teens CAGR with a 30%+ working margin by fiscal 2024 and for handset and RF front-end revenues to develop a minimum of in keeping with a 12% SAM CAGR by fiscal 2024. Qualcomm’s IoT revenues are projected to develop as much as $9bn in fiscal 2024.