Automotive Infotainment SoCs Market: Segmented: By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Trucks, Buses & Coaches), By Component (Analogue ICs, Microcontrollers, Logic ICs, Memory, ECUs, Others), By Application (Advanced Driver Assist Systems [ADAS], In-Vehicle Infotainment, Cockpit & Dashboard, Others) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Automotive infotainment SoCs market is estimated to cross USD 22.2 billion by 2031 from USD 11 billion in 2021 at a CAGR of 7.2% in the coming years, i.e., 2021-31.
Software and hardware platform called automotive infotainment allows for the provision of music and video in automobiles. The high-end radio, which is significantly more integrated, is another name for the automotive and infotainment system. Automotive and infotainment systems combine telematics, driver-assistance technology, and information to provide a seamless in-vehicle experience. The primary driver for this integration of automotive infotainment is the need for a better driving experience, with cost and safety also playing a considerable part.
Automotive Infotainment SoCs Market is expected to project a notable CAGR of 7.2% in 2031.
The chip in the car is integrated with leisure amenities including the radio, audio system, phone, and information. The market's expansion can be linked to rising consumer demand for luxury and partially autonomous vehicles as well as rising consumer spending power. Automakers are making investments in cutting-edge technologies like connected gateways, wireless audio and video, and ADAS systems. These are the keys to increasing the demand for semi-autonomous cars, to power up market growth.
The Passenger Vehicles segment to grow with the highest CAGR during 2021-31
Based on Vehicle Type, the Automotive Infotainment SoCs Market is divided into Passenger Vehicles, Light Commercial Vehicles, Trucks, and Buses & Coaches. In comparison to other segments, the passenger vehicle category is anticipated to develop significantly over the projection period. New automotive infotainment technologies are being introduced in passenger cars by a number of top corporations across the world in an effort to catch the eye of the top automakers and boost sales of their goods. The growing demand from passenger car manufacturers for automotive infotainment SoCs has also been sparked by the rising popularity of premium and sedan vehicles.
The Analog ICs, Microcontrollers, Logic ICs, and ECUs segments to grow with the highest CAGR during 2021-31
Based on Component, the automotive SoC market has been classified into Analog ICs, Microcontrollers, Logic ICs, Memory, ECUs, and Others. The sectors for analog integrated circuits, microcontrollers, logic integrated circuits, and electronic control units are anticipated to dominate the market. Components like logic ICs, analog ICs, microcontrollers, and ECUs have increased output capabilities as a result of manufacturers' efforts in the automotive SoC market (Electronic Control Units). The use of these parts in automobile safety technology is growing rapidly. Additionally, safety applications like Antilock Braking Systems (ABS) and Electronic Stability Programs (ESP) use embedded vehicle SoCs.
Growing Demand for Electric Vehicles
Demand for electric vehicles is increasing worldwide, most preferably in major developing and developed countries as a consequence of the pollution occurring due to the greenhouse gas emissions (GHG), and the majority of GHG emissions are essentially accounted to the use of IC engine vehicles.
Growing Adoption of Electric Mobility Solutions
The adoption of electric mobility solutions holds back the conventional IC engine, as well as enhances the needs for various microcontrollers and microprocessor units in the powertrain of the electric vehicle. The electric vehicle powertrain is driven by the “EVM (Electric Vehicle Motor) controller” unit, which is a set of intelligent sensors, processors, and memory storage. EVM controller is designed to work as the “brain” of the electric powertrain; to control the varying energy absorption from the battery and harvests the energy back to the battery upon braking. Thus, the rising importance of the EVM controller is predicted to drive the market for automotive SoC worldwide.
High Cost of SoC
SoC is higher in cost and its use in autonomous or ADAS- based vehicles make them costly. This factor hampers the market. Also, most consumers or repair shops are not aware of this new technology shift which hinders the adoption of SoCs.
The Automotive Infotainment SoCs market is classified based on regional analysis into five major regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific holds the significant share of the global automotive SoC market. In Asia Pacific, major developed countries like China, Japan, Taiwan, and South Korea, are prime regions for advanced research and development as well as manufacturing facilities for automotive SoCs.
Due to COVID-9, many automotive industries had to go through massive immense detriment, resulting into poor market sentiments. Decrease in limitations at manufacturing facilities and production units are predicted to rise economic growth in the automotive SoC market. Companies have now started the new post-pandemic normal, for healthy market growth. Although companies are going for new intrusions into newer regions, factors like the U.S. and China trade war and worldwide chip shortage, such as automotive SoC chips are inhibiting market growth. So, automotive industries should move ahead to overcome uncertainties arising from the ongoing pandemic.
Automotive Infotainment SoCs Market is further segmented by region into:
Automotive Infotainment SoCs Market Segments:
|Market size value in 2021
|USD 11 Billion
|Revenue forecast in 2031
|USD 22.2 Billion
|CAGR of 7.2% from 2021 to 2031
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Vehicle Type, Component, Application Type, and Region
|Asia Pacific, North America, Europe, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Alpine Electronics Inc., Pioneer Corporation, Robert Bosch GmbH, BorgWarner Inc., Continental AG, Accenture PLC, Mitsubishi Electric Corporation, Tomtom International B.V., Panasonic Corporation, Garmin Ltd., and Other Prominent Players.
Automotive Infotainment SoCs size was estimated at USD 11 billion in 2021 and is expected to reach USD 22.2 billion in 2031.
Automotive infotainment is the software and hardware platform that provides music and video in the automobiles. The high-end radio, which is significantly more integrated, is another name for the automotive and infotainment system.
The Passenger Vehicles segment accounted for the largest Automotive Infotainment SoCs market share.
Key players in the Automotive Infotainment SoCs market include Alpine Electronics Inc., Pioneer Corporation, Robert Bosch GmbH, BorgWarner Inc., Continental AG, Accenture PLC, Mitsubishi Electric Corporation, Tomtom International B.V., Panasonic Corporation, Garmin Ltd., and Other Prominent Players.
The market for Automotive Infotainment SoCs has expanded in response to rising electric car demand as well as rising adoption of electric mobility solutions.
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