With the rapid development of intelligent vehicle technology, the cockpit domain control chip, as one of the core components of intelligent vehicles, has become more and more important in its market position. According to the data, Qualcomm is still far ahead with a market share of 62.0% in China's cockpit domain control chip market share ranking from January to March 2024, and three domestic brands are among the top 10, namely SiEngine Technology, Huawei, and SemiDrive Technology.
Let's first take a look at the specific situation of the top 10 cockpit domain control chip brand market share rankings in Q1 China in 2024:
Figure: 2024 Q1 cockpit domain control chip brand market share ranking (data from Gasgoo Automobile Supporting Enterprise Library).
Qualcomm's leading position analysis: Qualcomm grabbed 62.0% of the market share with 668,659 units. This further demonstrates its leadership position in the global automotive semiconductor market. Its leading position is due to its deep accumulation and continuous technological innovation in the field of mobile communications. As a pioneer of 5G technology, Qualcomm has extended the advantages of mobile technology to the automotive industry, and its chip products have not only excellent performance, but also have been widely recognized by the industry in terms of security and reliability. Qualcomm's continuous R&D investment and in-depth understanding of the automotive industry have enabled it to take the lead in the intelligent cockpit chip market.
Performance of other competitors: Qualcomm is followed by AMD Semiconductor Products (China) Co., Ltd., with a market share of 12.5% and an installed base of 135,018 units. Renesas Electronics (China) Co., Ltd. ranked third with an 11.1% market share, with an installed base of 120,317 units. The two companies are highly competitive in the areas of microcontrollers, analog power devices, and SoC products, especially in automotive electronics and industrial applications.
The Rise of Domestic Chip Brands: It is worth noting that Hubei SiEngine Technology Co., Ltd., as a domestic chip brand, ranks fourth with a market share of 3.1%, with an installed capacity of 33,217 units. Huawei Technologies Co., Ltd. and Beijing SemiDrive Semiconductor Technology Co., Ltd. ranked 7th and 8th with market shares of 2.0% and 1.2%, respectively. The rise of SiEngine, Huawei, and SemiDrive represents the rapid development and technological innovation capabilities of domestic chips in the field of automotive electronics, and shows the support and confidence of domestic auto brands in the local semiconductor industry.
Market trends and outlook: From the perspective of market share data, although Qualcomm occupies a dominant position in the market, other competitors, especially domestic chip brands, are rapidly catching up. With the continuous progress of technology and the growth of market demand, it is expected that the cockpit domain control chip market will present a more diversified competitive pattern in the future. Domestic chip brands are expected to further increase their market share through technological innovation and market strategies, and form effective competition with international giants.
All in all, the market share data of cockpit domain control chips from January to March 2024 shows that Qualcomm continues to maintain its market leadership position, while the rise of domestic chip brands such as SiEngine Technology indicates that the market competition will be more intense. With the continuous evolution of intelligent vehicle technology, the cockpit domain control chip market will usher in more opportunities and challenges. For chipmakers, continuous technological innovation,market insight and strategic cooperation will be the key to winning the market.
