The automotive SoC market is set for significant expansion, with an anticipated valuation of US$ 18,141.9 million by 2023. The market displays a significant trend, featuring a noteworthy CAGR of 7.9%, which is expected to endure until 2033. The consistent growth forecasts indicate that the global automotive SoC market is poised to achieve an impressive valuation of US$ 38,925 million by the year 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Automotive SoC Market Estimated Size in 2023 | US$ 18,141.9 million |
| Projected Market Size in 2033 | US$ 38,925 million |
| Value-based CAGR from 2023 to 2033 | 7.9% |
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The scope for global automotive SoC market insights rose at a 4.68% CAGR between 2018 and 2022. The automotive SoC market is anticipated to develop at a moderate CAGR of 7.9% over the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Value in 2018 | US$ 14,209 million |
| Market Value in 2022 | US$ 17,066.7 million |
| CAGR from 2018 to 2022 | 4.68% |
The automotive SoC market witnessed substantial growth from 2018 to 2022 primarily driven by the increasing adoption of ADAS and infotainment systems in vehicles.
Automotive OEMs recognized the importance of integrating sophisticated SoCs to enhance vehicle safety, connectivity, and user experience. The demand for powerful SoCs capable of handling multiple tasks simultaneously, such as body control, camera vision, and information display, surged as vehicles became advanced.
The proliferation of electric and hybrid vehicles further boosted the market. The vehicles required are specialized SoCs that are used for managing power distribution, battery management, and electric propulsion systems.
Collaborations between semiconductor manufacturers and automotive OEMs became prevalent during this period, focusing on designing custom SoCs tailored to specific vehicle requirements. Automotive SoC is an in-house or outsourced function that can investigate, monitor, and help to improve the security posture of fleets.
The development and deployment of autonomous and semi-autonomous vehicles will demand advanced SoCs equipped with sensors, machine learning capabilities, and real-time decision-making capabilities. Automotive OEMs are also going to invest significantly in these technologies to stay competitive.
Emerging markets, particularly in Asia are likely to play a significant role in the market's growth. The expansion of the middle-class population and increased vehicle production in these regions create substantial opportunities for automotive SoC manufacturers in the forthcoming years.
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The below table showcases revenues in terms of the five countries, spearheaded by the United States, China, the United Kingdom, Germany, and Japan. Out of these 5 countries, Germany is leading followed by the United States.
| The United States | 18.3% |
|---|---|
| The United Kingdom | 8.3% |
| Germany | 68.5% |
| Japan | 6.5% |
| China | 11.2% |
The United States automotive SoC market is experiencing substantial growth, primarily attributed to the increasing adoption of advanced automotive systems. These systems include infotainment systems, by prominent automotive OEMs such as General Motors, Ford Motor Company, Tesla, etc.
The demand for automotive SoC in the United States market is on the rise as automotive manufacturers continue to integrate advanced technologies into their vehicles to enhance user experience and safety.
The vehicles rely hugely on advanced processors and SoCs to support their various functionalities, driving the need for sophisticated and capable SoC technologies within the automotive sector.
The United States, with its robust automotive industry and a consumer base increasingly inclined toward technologically advanced vehicles, is poised for continued growth in the automotive SoC market.
China is experiencing significant growth in its automotive SoC market, driven by a series of initiatives and regulations introduced by China’s government in the automotive sector.
The government's strategic focus on enhancing fuel-efficient systems and vehicle emission levels, as well as promoting the production of electric and hybrid vehicles, has spurred innovation and advancement in automotive technologies.
The role of advanced system-on-chip technologies in achieving these objectives becomes increasingly vital, as China’s automotive industry continues to evolve toward clean and smart mobility solutions. It is positioning China as a prominent player in the global automotive SoC market.
Germany market is set to report the most leading consumption of automotive SoC. Germany boasts a robust economic foundation, ranking as the world's fifth-largest economy. One of the nation's standout sectors is its renowned automotive industry, spearheaded by iconic brands like BMW, the Daimler Group (including Mercedes-Benz, Detroit Diesel), etc.
Germany also stands out for its comprehensive and standardized electric car charging infrastructure, which actively promotes the adoption of electric vehicles. The well-developed ecosystem for advanced automotive technologies and electric cars in the country has been a driving force behind the increasing demand for automotive SoC solutions.
The demand for SoC technologies is expected to remain robust, solidifying Germany’s pivotal role in the global automotive SoC market as it continues to champion innovation in the automotive sector,
Japan has established itself as a prominent global automotive hub, characterized by high production rates and robust sales of connected vehicles. The thriving automotive landscape in the region serves as a key catalyst for the automotive SoC market.
A notable paradigm shift is occurring in consumer preferences, with a growing emphasis on connected and digital features over traditional mechanical aspects when purchasing a vehicle. The shift in buyer priorities is fueling the demand for automotive SoCs, as manufacturers strive to meet the evolving expectations of China’s market.
The United Kingdom's automotive sector is experiencing substantial growth, primarily driven by increasing consumer demand for premium, stylish, and luxury vehicles. Automotive manufacturers are proactively responding to consumer preferences by developing products that align with their desires.
The United Kingdom has emerged as a key global exporter of high-quality infotainment systems, showcasing the country's commitment to cutting-edge automotive technology. To stay competitive and meet evolving market demands, manufacturers are adopting advanced technologies like artificial intelligence, automation, and machine learning.
The innovations not only enhance efficiency but also contribute to cost reduction, strengthening the industry's global competitiveness. The United Kingdom's government has placed a strong emphasis on sustainability, with initiatives aimed at reducing environmental impacts.
The development of eco-friendly electric vehicles underscores the country's commitment to waste reduction and the control of air pollution, positioning the United Kingdom as a frontrunner in sustainable automotive solutions.Top of FormTop of Form
The below table highlights how infotainment systems SoCs are projected to lead the application market expanding at a market share of 43.5% through 2033. The table further continues with details about how passenger cars are anticipated to witness a market share of 63.4% through 2033.
| Category | Market Share by 2033 |
|---|---|
| Infotainment Systems SoCs | 43.5% |
| Passenger Cars | 63.4% |
The increasing adoption of infotainment systems in vehicles has transformed the way drivers and passengers interact with their vehicles. Systems like these provide centralized control over various functions, including communication, entertainment, and navigation, enhancing the overall driving experience.
The key driver behind the growing demand for infotainment systems is the contribution to vehicle safety and connectivity solutions. The systems enable hands-free communication, reducing distractions for drivers and improving road safety by offering seamless connectivity options. These systems allow occupants to stay connected to their devices and access real-time information.
The automotive industry has witnessed a significant shift toward the development of self-driving technologies, with automakers and tech giants investing heavily in this field. To enable cars to drive themselves safely and efficiently, automakers are integrating powerful and advanced processors, known as SoCs, into their vehicles.
It is worth noting that the adoption of these advanced self-driving technologies is prominent in passenger cars compared to commercial vehicles. The trend can be attributed to the growing consumer interest in autonomous driving and the desire for enhanced safety and convenience in personal vehicles.
The demand for automotive SoCs in passenger cars as a result is expected to witness substantial growth in the coming years as automakers continue to innovate and roll out self-driving features to meet consumer demands.
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Many key automotive SoC manufacturers are inclined to invest significantly in innovation, research, and development practices to uncover increased applications of automotive SoC. With the use of technology, players are also focusing on ensuring safety, quality, and customer satisfaction to captivate an increased customer base. Some of the latest developments include
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | US$ 18,141.9 million |
| Projected Market Valuation in 2033 | US$ 38,925 million |
| CAGR Share from 2023 to 2033 | 7.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in US$ million |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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The automotive SoC market is expected to reach a valuation of US$ 18,141.9 million in 2023.
Germany registered a market share of 68.5% in 2023.
The automatic SoC market is set to expand by a CAGR of 7.9% by 2033.
The automatic SoC market is forecasted to reach US$ 38,925 million by 2033.
Infotainment Systems SoCs are preferred and are expected to rise at a market share of 43.5% through 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 5.3.1. Infotainment Systems SOCs 5.3.2. ADAS SOCs 5.3.3. Others 5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Type, 2023 to 2033 6.3.1. Passenger Cars 6.3.2. Commercial Vehicles 6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Application 8.2.3. By Vehicle Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.3.3. By Vehicle Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Application 9.2.3. By Vehicle Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.3.3. By Vehicle Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Application 10.2.3. By Vehicle Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.3.3. By Vehicle Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Application 11.2.3. By Vehicle Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.3.3. By Vehicle Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Application 12.2.3. By Vehicle Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Application 12.3.3. By Vehicle Type 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Application 13.2.3. By Vehicle Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Application 13.3.3. By Vehicle Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Application 14.2.3. By Vehicle Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Application 14.3.3. By Vehicle Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Application 15.1.2.2. By Vehicle Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Application 15.2.2.2. By Vehicle Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Application 15.3.2.2. By Vehicle Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Application 15.4.2.2. By Vehicle Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Application 15.5.2.2. By Vehicle Type 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Application 15.6.2.2. By Vehicle Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Application 15.7.2.2. By Vehicle Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Application 15.8.2.2. By Vehicle Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Application 15.9.2.2. By Vehicle Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Application 15.10.2.2. By Vehicle Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Application 15.11.2.2. By Vehicle Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Application 15.12.2.2. By Vehicle Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Application 15.13.2.2. By Vehicle Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Application 15.14.2.2. By Vehicle Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Application 15.15.2.2. By Vehicle Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Application 15.16.2.2. By Vehicle Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Application 15.17.2.2. By Vehicle Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Application 15.18.2.2. By Vehicle Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Application 15.19.2.2. By Vehicle Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Application 15.20.2.2. By Vehicle Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Application 15.21.2.2. By Vehicle Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Application 15.22.2.2. By Vehicle Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Application 15.23.2.2. By Vehicle Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Application 16.3.3. By Vehicle Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Texas Instruments Incorporated 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Infineon Technologies AG 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Intel Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. NVIDIA Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Qualcomm Technologies, Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. STMicroelectronics 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. NEC Corporation 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. NXP Semiconductors 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. ON Semiconductor Corporation 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Renesas Electronics Corporation 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Automotive SoC Market
