The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing global demand for electric vehicles is likely to promote innovation in automotive SoC production, propelling the market during the forecast period.

The global automotive SoC market is expected to grow from $23.18 billion in 2022 to $25.36 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The global automotive SoC market size is expected to reach $34.77 billion in 2027 at a CAGR of 8.2%.

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Global Automotive SoC Market Segments Include:

• By Offerings: Hardware, Software, Services
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Application: Infotainment System SOCs, Advanced Driver Assistance Systems (ADAS), Intelligent Transport System, In-Vehicle Networking System, Connected Vehicle Platform
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive SoC market in 2021.

Major Market Players in the automotive SoC market include Texas Instruments Incorporated, Infineon Technologies AG, Intel Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., STMicroelectronics NV, NEC Corporation, NXP Semiconductors NV.

Product innovation is a significant trend that is gaining traction in the automotive SoC industry. Major players in the automotive SoC market are focusing on developing new technical solutions to increase their market position. For example, Qualcomm Technologies Inc., a US-based semiconductor manufacturer, released the Snapdragon Ride Flex, the automotive industry’s first scalable family of SoCs, in January 2023. It is the only vehicle on the market that can accommodate both the digital cockpit and advanced driver assistance technologies at the same time. It is pre-integrated with the Snapdragon RideTM Vision stack, and its hardware and software were designed in collaboration for computer vision, artificial intelligence, and efficient power consumption for the optimal performance in a mixed-criticality situation.

The Automotive SoC Global Market Report 2023  provides a automotive SoC market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive SoC market forecast analyzes automotive SoC market size, automotive SoC market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Automotive SoCs (systems-on-chips) are sophisticated semiconductor devices that perform complex algorithms and have numerous hardware accelerator brains that utilise multiple specialised processing units on a single chip. It contains equipment that communicates from inside and outside the vehicle, conveying important data – either commercial data or data vital to automobile administration and safety.

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