The automotive infotainment SoCs market is securing a valuation of US$ 18.2 billion in 2023 and is projected to reach US$ 40.1 billion by 2033. The market is capturing a CAGR of 8.2% during the forecast period.
Manufacturers focus on innovating products with the latest advanced technologies to satisfy consumer’s requirements. These manufacturers are growing the automotive sector through their unique, improved, advanced feature products. These advanced automotive infotainment SoCs include driver assistance systems, video processing, voice recognition, and navigation.
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Manufacturers are Focused on Several Strategies, Including:
- Integrated Advanced Features: Manufacturers are developing advanced features with better technologies, such as gesture control, driver assistance, and others. These features are easy to make changes while driving the vehicles.
- Compatibility with Various Platforms: The manufacturers develop infotainment systems to connect with multiple platforms, including Apple CarPlay, Android Auto, and others.
- Collaborating with Key Companies: The manufacturers enhance their reach to target relevant audiences to increase product sales. Therefore, these manufacturers approach key companies already established in the market to collaborate with them with their unique products.
- Focus on Autonomous Vehicles: The growing popularity of self-driving and electric cars are highly preferred among users to enhance their experiences. These manufacturers’ design features include charging station locations, real-time traffic data, and advanced driver assistance systems.
Key Takeaways from the Automotive Infotainment SoCs Market Report:
- The automotive infotainment SoCs market is registering a CAGR of 8.2% with a valuation of US$ 40.1% by 2033.
- The United States is dominating the global market by registering a share of 22.6% during the forecast period.
- The United Kingdom is estimated to secure a share of 9.2% in the global market during the forecast period.
- By collecting a share of 10.6%, India is significantly growing its global market size.
- Historically, the market secured a valuation of US$ 13.4 billion in 2018.
Leading Key Players:
- Media Tek Inc
- NXP Semiconductors N.V.
- Texas Instruments Incorporated
- Intel Corporation
- Infineon Technologies Inc
- Qualcomm Technologies Inc
- Renesas Electronics Corporation
- NVIDIA Corporation
- Microchip Technologu Inc
- STMicroelectronics N.V.
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Recent Developments in the Global Automotive Infotainment SoCs Market are:
- In 2021, Qualcomm launched its new product Snapdragon Automotive Cockpit Platforms. It was designed with artificial intelligence infotainment systems with 5G connectivity and high-resolution displays.
- In 2020, NXP Semiconductors announced its newly launched 8QuadPlus SoCs and I.MX 8QuadMax. They deliver high performance with multiple high-resolution displays.
- In 2018, Renesas Electronics launched R-Car Series SoCs. It is designed for next-gen infotainment systems with network connectivity and advanced graphics.
Automotive Infotainment SoCs Market Segmentation:
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Application:
- Infotainment Systems
- Sound System
- Head Unit
By Region:
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East Africa
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