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AUTOMOTIVE & TRANSPORTATIONDISCOUNT VALID TILL 31st-JANUARY , 2022

Automotive Infotainment SoCs Market Segmentation by Technology {V2I (Vehicle-to Infrastructure), V2V (Vehicle-to-Vehicle), V2D (Vehicle-to-Device), and Others}; and by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Extensive insights into the Growth of Automotive Infotainment SoCs Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • November, 2021: The Surround View Camera System, by Garmin International, Inc. was selected as a category winner in the 2021 DAME Design Awards. It is the first intelligent camera system to offer a live 360-degree view.

  • October, 2020: BorgWarner Inc. announced the complete acquisition of Delphi Technologies, to strengthen its electronics and power electronics products.

Global Automotive Infotainment SoCs Market Highlights over 2022 – 2031

The global automotive infotainment SoCs market is estimated to grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Automotive infotainment SoCs or System-on-Chip is integrated chip with leisure features, such as, information, music system, phone, and radio in the vehicle. The growth of the market can be attributed to the increasing demand for luxury, and semi-autonomous cars, along with increasing purchasing potential of the consumers. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 17 million in United States, 4 million in India, 17 million in European Union, 4 million in Japan, and 21 million in the rest of the world. Moreover, the up-surge in the disposable income is further estimated to boost the market growth. Furthermore, automobile manufacturers are investing in innovative technologies, such as, self-driving cars, audio and video via wireless, connected gateway, and ADAS systems. Such factors are anticipated to heighten the demand for semi-autonomous cars, which is expected to fuel the market growth.

Automotive Infotainment SoCs Market

The market is segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others, out of which, the passenger cars segment is anticipated to hold the notable share in the global automotive infotainment SoCs market over the forecast period on account of increasing sales of passenger vehicles. Moreover, growing demand for high-end luxury vehicles, backed by the raised disposable income are projected to boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Global Research and Development Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Automotive Infotainment SoCs Market Regional Synopsis

On the basis of geographical analysis, the global automotive infotainment SoCs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing sales of vehicles in countries, such as, India, Japan, and China, along with presence of major car manufacturers in the region. Furthermore, the improving lifestyle of the middle class, supported by the economic growth of the developing countries, is anticipated to boost the market growth.

The market in the North America region is anticipated to hold the largest market share by the end of 2022, owing to the high demand for luxury, and self-driving cars, accompanied by growing sales of electric cars. Likewise, the adoption of advanced technologies by car manufacturers in the region, is also projected to propel the market growth.

Automotive Infotainment SoCs Market Share

The global automotive infotainment SoCs market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automotive infotainment SoCs market includes the following segments:

By Technology

  • V2I (Vehicle-to Infrastructure)
  • V2V (Vehicle-to-Vehicle)
  • V2D (Vehicle-to-Device) 
  • Others

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

Growth Drivers

  • Increasing Demand for Semi-Autonomous Vehicles
  • Increasing Individual Disposable Income

Challenges

  • Absence of In-house SoCs Systems amongst Vehicle Manufacturers
  • High Expenditure and Maintenance Cost

Top Featured Companies Dominating the Market

  • Alpine Electronics, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Pioneer Corporation
  • Robert Bosch GmbH
  • BorgWarner Inc.
  • Continental AG
  • Accenture PLC
  • Mitsubishi Electric Corporation
  • Tomtom International B.V.
  • Panasonic Corporation
  • Garmin Ltd.

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