The Automotive SoC Global Market Report 2023, provides comprehensive information on the automotive SoC market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with the Automotive SoC Global Market Report for 2023 by The Business Research Company, it is projected that the global market size for automotive System-on-Chip (SoC) is poised to exhibit substantial growth. The market, which stood at $23.18 billion in 2022, is anticipated to expand to $25.36 billion in 2023, reflecting a noteworthy compound annual growth rate (CAGR) of 9.4%. However, it is imperative to acknowledge the pivotal role of the Russia-Ukraine conflict in reshaping the global economic landscape, particularly in the immediate term. This conflict has precipitated a series of events, including economic sanctions on various nations, a surge in commodity prices, and disarray in supply chains, all contributing to an inflationary pressure on goods and services, thereby impacting various sectors across the global economy. Nevertheless, looking ahead, the trajectory for the global automotive SoC market remains promising, as it is poised to attain a market size of $34.77 billion by 2027, driven by a CAGR of 8.2%. This forecast underscores the resilience and adaptability of the automotive SoC sector in the face of geopolitical and economic challenges.
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The automotive System on Chip (SoC) market is currently experiencing a notable surge in the adoption of product innovations as a prevailing trend. Prominent players within the automotive SoC industry are directing their efforts toward pioneering technological solutions, thereby bolstering their competitive edge in this dynamic sector. An exemplar of this strategic innovation can be found in the endeavors of Qualcomm Technologies Inc., a leading semiconductor corporation based in the United States.
In January 2023, Qualcomm Technologies Inc. made a groundbreaking move by introducing the Snapdragon Ride Flex. This innovative offering represents the automotive industry’s inaugural scalable family of SoCs, signifying a significant leap in automotive technology. The Snapdragon Ride Flex stands out by its unique design, which facilitates concurrent support for both the digital cockpit and advanced driver assistance systems. Notably, it comes pre-integrated with the Snapdragon RideTM Vision stack, a testament to its comprehensive capabilities. Its hardware and software components were meticulously engineered to cater to the domains of computer vision, artificial intelligence, and optimal power utilization, thereby ensuring peak performance even in mixed-criticality scenarios.
This pioneering development by Qualcomm Technologies Inc. exemplifies the continual pursuit of excellence and efficiency in the automotive SoC market, as companies strive to usher in a new era of cutting-edge automotive solutions. It underscores the symbiosis between hardware and software innovation, aimed at enhancing the driving experience and safety for consumers across the globe. The product innovations in this sector represent a transformative journey that is poised to reshape the automotive landscape.
The automotive SoC market is segmented:
1) Automotive SoC Market By Offerings: Hardware, Software, Services
2) Automotive SoC Market By Vehicle Type: Passenger Cars, Commercial Vehicles
3) Automotive SoC Market By Application: Infotainment System SOCs, Advanced Driver Assistance Systems (ADAS), Intelligent Transport System, In-Vehicle Networking System, Connected Vehicle Platform
Top Major Players
Texas Instruments Incorporated
Asia-Pacific was the largest region in the automotive SoC market in 2022.
The table of contents in TBRC’s automotive SoC market report includes:
1. Executive Summary
2. Automotive SoC Market Characteristics
3. Automotive SoC Market Trends And Strategies
4. Automotive SoC Market – Macro Economic Scenario
5. Automotive SoC Market Size And Growth
……….
26. Africa Automotive SoC Market
27. Automotive SoC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive SoC Market
29. Automotive SoC Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Automotive SoC Market, Segmentation By Offerings, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Automotive SoC Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Automotive SoC Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…….
Table 46: Texas Instruments Incorporated Financial Performance
Table 47: Infineon Technologies AG Financial Performance
Table 48: Intel Corporation Financial Performance
Table 49: NVIDIA Corporation Financial Performance
Table 50: Qualcomm Technologies Inc. Financial Performance
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