Automotive SoC Market Size, Share, Global Industry & Forecast 2030

The global Automotive SoC Market was valued at $37.16 Billion in 2022, and is projected to reach $70.24 Billion by 2030, growing at a CAGR of 9.52% from 2023 to 2030. The report analyzes the global Automotive SoC Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automotive SoC Industry.

Request Free Sample

Global Automotive SoC Market: Overview

SoC (System on a chip) is a semiconductor product that allows various compound enhanced attributes separately, by getting rid of the traditional necessity for installing numerous Integrated Circuits (ICs). A significant implementation area of a SoC is in the automotive industry.

The utilization of automotive SoCs has allowed the automobile producers to adopt enhanced automated structures to offer state-of-the-art experience to the customer. Owing to the multifold advantages of the automotive SoCs, and the demand for a better driving experience, a notable growth of automotive SoCs is anticipated in the upcoming time frame in the developing countries which includes India and China.

Global Automotive SoC Market: Growth Factors

Automotive SoCs are implemented by numerous automotive producers of all types of vehicles providing a smooth and ultra-modern driving experience for the customer. Moreover, the emergence of electric vehicles and hybrid vehicles is the prime growth factor augmenting the growth of the global automotive SoC market.

The global automotive SoC market is projected to develop at a high rate in the forthcoming period. This is attributable to the increasing demand for ultra-modern automobile connectivity chips, which makes available large capacity data networking, and modern-age smart cars & vehicles that ensure the safety of pedestrians as well as drivers.

The enhancement and commercialization in the field of fully automatic vehicles, including driverless cabs will provide growth opportunities to the global automotive SoC market in the forthcoming timeframe. Because of the necessity of concurrent data processing through a huge number of sensors that are placed on the vehicles for fully automatic cars, and other vehicles, high power automotive chips are predicted to be largely utilized in smart vehicles in the near future. These SoCs are also named as pocket-sized supercomputers by large organizations including NVIDIA Corporation, and are anticipated to become a basic characteristic of automatic vehicles soon.

The advancement of the global automotive SoC market is majorly affected by the utilization of enhanced technologies, the surging economic growth of developing economies in the Asia Pacific, and the changing customer spending behavior in this region. Nevertheless, high investment expenditures related with the adoption of automotive SocS is a significant restraint challenging the global automotive SoC market share.

Request Free Sample

Global Automotive SoC Market: Segmentation

The global automotive SoC market can be segmented on the basis of component, vehicle, application, and region. The market, based on component, is categorized into analog ICs, microcontrollers & microprocessors, logic ICs, and memory. Based on vehicle type, the market is classified into commercial vehicles and passenger vehicles. By application, the global automotive SoC market can be bifurcated into powertrain, telematics & infotainment, safety, chassis, and body electronics. Surging consciousness about the safety and assistance required while driving a vehicle for ensuring protection of the user is one of the growth factors increasing the implementation of ADAS framework. Because of this, the safety application in the global automotive SoCs market is predicted to observe a notable development, during the forthcoming time frame.

Automotive SoC Market: Report Scope

Global Automotive SoC Market: Regional Analysis

Asia Pacific holds the first position because this region accounts for more than the half of the global manufacturing of vehicles. On the other hand, Europe accounts for the second-most prominent market in terms of share. The European market is predicted to observe a notable rise in the development of the automotive SoCs owing to the existence of the eminent luxury car brands including BMW, Porsche, Volkswagen, and AUDI.

The region of North America holds a large market share in the global automotive SoCs market and is expected to hold its position in the global automotive SoC market over the upcoming timeframe as well. The automotive SoC market in this region is predicted to display a noteworthy gradual opportunity in the future. The increasing adoption of enhanced automotive structures including infotainment structures by the automotive manufacturers in this region is further anticipated to assist the growth of the North America Automotive SoC market in the upcoming times.

Global Automotive SoC Market: Competitive Players

The pre-eminent competitors in the global automotive SoC market include

• NVIDIA Corporation
• Robert Bosch GmbH
• Qualcomm Technologies
• Renesas Electronics
• NXP Semiconductors
• Texas Instruments Incorporated
• STMicroelectronics
• AQUANTIA CORP.

Companies such as NVIDIA Corporation are targeting to develop large processing power chips and high network capacity chips for fully autonomous smart automobiles.

The Global Automotive SoC Market is segmented as follows:

By Component

• Analog ICs
• Microcontrollers & Microprocessors
• Logic ICs 
• And Memory

By Vehicle

• Commercial Vehicles 
• Passenger Vehicles

By Application

• Powertrain
• Telematics & Infotainment
• Safety
• Chassis
• Body Electronics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.