Automotive SoC Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2028

 

  • The U.S. is forecast to emerge as the most remunerative market in North America, creating an incremental opportunity of US$ 1.85 Bn through 2028.
  • China is estimated to account for a significant share in Asia Pacific market, expanding at 8.6% CAGR during the forecast period.
  • Germany is projected to register rapid growth in Europe automotive SoC market, surpassing US$ 522.1 Mn between 2022 and 2028.
  • India is expected to exhibit steady growth in the automotive SoC market, owing to growing demand for advanced passenger cars in the country.
  • Based on vehicle type, the passenger car segment is anticipated to account for the maximum shares, growing at 8% CAGR over the assessment period.
  • Increasing use of automotive SoC for integrating innovative systems such as telematics, internet-of-things, and ADAS in vehicles is propelling the demand in the market.
  • Growing demand for advanced commercial vehicles for the application across construction, mining, and transport sectors is facilitating the growth in commercial vehicle segment.
  • High cost of incorporation and maintenance of automotive SoC is hindering the sales in the market.
  • Need to replace the complete car dashboard in case of any transistor or system damage is a primary factor hampering the growth in the market.
  • In January 2018, ON Semiconductor, an American semiconductor supplier company, announced entering into a strategic partnership with a German automotive manufacturer, Audi AG. As per the partnership, ON Semiconductor will foster innovations and make latest technologies available for the automaker. The will assist the company to strengthen its position in the market.
  • In February 2018, Renesas, Japanese semiconductor manufacturer, announced launching its new R-Car V3H system-on-chip (SoC), which delivers artificial intelligence processing and high computer vision performance to automotive from cameras in Level 3 and Level 4 automotive cars.
  • Texas Instruments Incorporated
  • Infineon Technologies AG
  • Intel Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies, Inc.
  • STMicroelectronics
  • NEC Corporation
  • NXP Semiconductors
  • ON Semiconductor Corporation
  • Renesas Electronics Corporation
  • Infotainment Systems SOCs
  • ADAS SOCs
  • Others
  • Passenger Cars
  • Commercial Vehicles
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • SEA and other of APAC
  • Middle East & Africa

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