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Autonomous Vehicles Drive Investment Opportunities

2023.11.30

 

Key Takeaways

  • Autonomous vehicle technology is poised for significant growth, offering attractive investment opportunities.
  • Nvidia and Largan Precision are top picks for their pivotal roles in advancing autonomous vehicle systems.

Autonomous Vehicles: The Next Industrial Revolution

The evolution of autonomous vehicles, equipped with advanced chips and sensors, is likened to the rise of the smartphone industry. This development is driven by a global emphasis on vehicle safety and Advanced Driving Assistance Systems (ADAS) implementation.

 

Analysts predict that autonomous and electric vehicles will witness a Compound Annual Growth Rate (CAGR) of 24%, reaching a market value of $324 billion by 2030. This segment is expected to be the most significant growth area in the automotive industry.

Investing in Key Players

Fubon Research’s analysis identifies several companies as critical players in the autonomous vehicle sector. Notable among them are tech giant Nvidia and Taiwanese camera lens supplier Largan Precision. These companies are well-positioned to benefit from the industry’s expansion, with Nvidia’s autonomous vehicle technologies and Largan’s expertise in high-resolution sensors and camera integration leading the way.

The Role of Cameras and Sensors

As autonomous vehicles evolve, the number of cameras per car has increased significantly, enhancing the vehicles’ ADAS capabilities. These cameras, integrated with various sensors like LiDAR and radars, provide a comprehensive view of the vehicle’s surroundings, essential for safe and efficient autonomous navigation. Largan Precision’s advancements in camera technology place it at the forefront of this trend.

Nvidia’s Pioneering DRIVE Platform

Nvidia’s inclusion in Fubon Research’s recommendations is attributed to its innovative NVIDIA DRIVE platform. This platform encompasses the necessary hardware, software, and workflows for developing autonomous driving technologies. From data collection to simulation testing, Nvidia’s solutions are integral to the development and implementation of autonomous vehicles.

Other Companies to Watch

In addition to Nvidia and Largan Precision, Fubon Research’s watch list includes Primax Electronics, Tong Hsing Electronic, and Qualcomm Inc. While currently rated neutral, these companies are acknowledged for their contributions to the autonomous vehicle industry, offering hardware, software, and semiconductor solutions.

 

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