Qualcomm announced during its Automotive Investor Day two new partnerships with Mercedes Benz Y RedHat to promote the use and development of its Snapdragon Digital Chassis solutions, for the integration of new driving tools and to promote the development of next generation connected vehicles.
In the case of Red Hat, open source solution providerthe association will seek the integration of Linux-based operating systems with functional safety certification (ASIL-B) in next generation vehicles that use Snapdragon Digital Chassis platforms.
In a statement, the company explains that this development will allow car manufacturers to advance in the development of vehicles defined by softwareas well as help speed up the implementation of new digital services connected to the Cloudfor greater customer intimacy and service-based business models that are designed to be upgradable throughout the life of the vehicle via the Cloud.
“Working closely with open source communities allows us to further our goals of being able to provide our customers with the ability to upgrade functionality and experiences on demand, and new technologies and services,” said Bill Pinnell, vice president of automotive product management. from Qualcomm Technologies.
Regarding the association with Mercedes Benz, Qualcomm announced that this manufacturer will use the Snapdragon platforms for the integration of digital cockpits and telematic systems in your next vehicles.
By integrating Snapdragon Cockpit, the manufacturer will be able to integrate intuitive and intelligent infotainment systems, for rich and immersive in-vehicle experiences, as well as the use of highly intuitive Artificial Intelligence (AI) for virtual in-car assistance, natural interactions between the vehicle and the driver.
Qualcomm Announces Strong Growth in Its Automotive Design Product Portfolio
On the other hand, Qualcomm revealed that the increasing use of its Snapdragon Digital Chassis solutions throughout the automotive industry has caused its design portfolio to grow to $30 billionafter an expansion of 10 billion dollars compared to the results of the last fiscal third quarter ended in June.
He explains that the expansion of the portfolio comes as a result of significant design wins with automakers and Tier 1 suppliers, as it gains market share among manufacturers.
During the keynote address for Automotive Investor Day, Qualcomm noted that the total available market (TAM) has expanded to $10 billion by 2030, with strong revenue growth from its QCT Automotive division from $975 million in fiscal year 2021 to $1.3 billion in fiscal year 2022.
Given the growth of the market, the company now estimates total revenue for QCT Automotive of over $4 billion in fiscal 2026 and over $9 billion in fiscal 2031.