Global Automotive Soc Market By Type (Passenger Cars, And Commercial Vehicles), By Application (Infotainment Systems, Adas, And Others), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2022–2028

The global Automotive SoC market was valued at USD 16.25 billion in 2021 and is projected to increase significantly at a CAGR of 8.0% from 2022 to 2028.

The report on Automotive SoC Market offers an in-depth analysis of market trends, drivers, restraints, opportunities, etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global automotive soc market is segmented on the basis of type, application, and geography.

Automotive SoC Market Scope:

By type, the market is segmented into Passenger Cars and Commercial Vehicles. By application, the market is divided into Infotainment Systems, ADAS, and Others.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. Major players profiled in the report include Texas Instruments Incorporated, Infineon Technologies AG, Intel Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., STMicroelectronics, NEC Corporation, NXP Semiconductors, ON Semiconductor Corporation, and Renesas Electronics Corporation.

Key Market Segments

Type

• Passenger Cars
• Commercial Vehicles

Application

• Infotainment Systems
• ADAS
• Others

Automotive SoC Market Drivers:

Vehicle sales have increased as a result of rising disposable income globally. Giant automakers are introducing inexpensive cars and working hard to provide customers with a fantastic driving experience. As a result, this factor has increased demand for automotive SoCs (System-on-Chips), which has increased market growth. Through advances in ADAS (Advanced Driver Assistance Systems), infotainment systems, etc., businesses in the automotive SoC industry are opening up revenue prospects. Automotive SoCs are widely used in both commercial vehicles and passenger cars.

Automobile manufacturers are introducing a wide range of technologies in response to consumers’ growing demand for tech-savvy automobiles. The field of electrical technology is rapidly expanding. Therefore, these factors could make market growth chances for automotive SoCs even worse.

Due to pollution caused by greenhouse gas emissions (GHG), which are predominantly caused by the use of IC engine vehicles, demand for electric vehicles is increasing globally, particularly in significant emerging and established countries.

The use of conventional internal combustion engines would be discouraged by the adoption of electric mobility solutions, but it would also increase the demand for various microcontrollers and microprocessor units in the electric vehicle’s drivetrain. For instance, the “EVM (Electric Vehicle Motor) controller” unit, which is a set or a combination of intelligent processors, sensors, and memory storage, is primarily responsible for controlling the drivetrain of electric vehicles.

The EVM controller is regarded as the “brain” of the electric drivetrain; it manages the battery’s variable energy use and replenishes it when the vehicle stops. Thus, the global market for automotive SoC is anticipated to be driven by the EVM controller’s increasing importance.

The increased use of ADAS (Advanced Driving Assistant System) technology in new premium and luxury automobiles is the cause of the rise in demand for connected, driverless, and semi-autonomous vehicles. The ADAS system collected and processed data using a variety of semiconductor chips. Growing worries about road safety are encouraging the development of ADAS and, as a result, driving up demand for SoCs globally.

Because of the shift in consumer behavior and their increased desire for convenient data and entertainment, infotainment and IoT-connected applications are assuming their own positions in the interior system of vehicles. In turn, this is driving the market for automotive SoCs.

Automotive SoC Market Regional Analysis:

The North American, European, Asian Pacific, Middle East & Africa, and South American regions make up the worldwide automotive SoC market.

A sizable portion of the worldwide automotive SoC market was accounted for by Asia Pacific. Asia Pacific is home to many developed nations, including Japan, China, South Korea, and Taiwan, that is home to cutting-edge R&D and production capabilities for automotive SoCs. Major producers of automotive compressors including Renesas Electronics, NVIDIA Corporation, DENSO Corporation, NEC Corporation, and Telechips Inc. have their global headquarters in this area.

Key Market Players included in the report:

• Texas Instruments Incorporated
• Infineon Technologies AG
• Intel Corporation
• NVIDIA Corporation
• Qualcomm Technologies Inc.
• STMicroelectronics
• NEC Corporation
• NXP Semiconductors
• ON Semiconductor Corporation
• Renesas Electronics Corporation

Reasons to Get this Report:

In an insight outlook, this research report has dedicated to several quantities of analysis industry research (global industry trends) and Automotive SoC Market share analysis of high players, along with company profiles, which collectively include the fundamental opinions regarding the market landscape; emerging and high-growth sections of Automotive SoC Market; high-growth regions; and market drivers, restraints, and also market chances.

The analysis covers Automotive SoC Market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global Automotive SoC Market across sections such as also applications and representatives.

Additionally, the analysis also has a comprehensive review of the crucial players on the Automotive SoC Market together side their company profiles, SWOT analysis, latest advancements, and business plans.

The analysis objectives of the report are:

• To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers, and industry-specific challenges and risks).
• To know the Automotive SoC Market by pinpointing its many subsegments.
• To profile the important players and analyze their growth plans.
• To endeavor the amount and value of Automotive SoC sub-markets, depending on key regions (various vital states).
• To analyze Automotive SoC Market concerning growth trends, prospects, and also their participation in the entire sector.
• To examine and study the Automotive SoC Market size (volume & value) from the company, essential regions/countries, products, and application, background information from 2012 to 2018, and also prediction to 2028.
• Primary worldwide Automotive SoC Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for next coming years.
• To examine competitive progress such as expansions, arrangements, new product launches, and acquisitions on the market.

For the Automotive SoC Market research study, the following years have been considered to estimate the market size: