Automotive Infotainment SoCs Market Size & Share, Technology {V2I (Vehicle-to-Infrastructure), V2V (Vehicle-to-Vehicle), V2D (Vehicle-to-Device)}; Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); Installation Type (In-dash, Rear Seat); Application (e-Cockpit, Head Unit, Sound System) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3839
  • Published Date: Jun 21, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Automotive Infotainment SoCs Market size is predicted to reach USD 42 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of automotive infotainment SoCs was over USD 16 Billion. The innovation in infotainment systems in vehicles with growing technological advancement in the automobile industry ecosystem is estimated to boost market growth.

According to our research, it is found that more than 1.5 million vehicle crashes occur every year due to the use of a phone while driving. Hence, the increasing emphasis on vehicular safety is anticipated to expand the demand for these SOCs as the infotainment system improves vehicle safety and enhances the in-vehicle user experience by enabling the navigation, radio, sensors, multimedia, and Internet-based applications to be controlled centrally.


Automotive Infotainment SoCs Market
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Global Automotive Infotainment SoCs Sector: Growth Drivers and Challenges

Growth Drivers

  • Emerging Trend for Autonomous Cars – The rise in the demand for connected vehicles and the inclination of the automotive sector towards connected vehicle technologies such as V2I, V2V, V2D, and others is accelerating the implementation of features such as wireless charging capabilities, blind spot awareness, voice control and back-up cameras and much more. The increasing deployment of these features by automotive OEMs, electronic instrument manufacturers, telecom service providers, and IT service providers is anticipated to influence the market.
  • Increasing Demand for Self-Driving Cars – is leading to the adoption of powerful processors to incorporate complicated technologies that assist self-driving vehicles including image identification and radar/LiDAR system to identify the objects on the road. Hence, this factor is reckoned to boost market success.
  • Technological Advancements in Digital Cockpit and Advanced Driver Assistance Systems (ADAS)For instance, in January 2023, Qualcomm Technologies, Inc. unveiled its recent incorporation to the product portfolio of Snapdragon Digital Chassis. The Snapdragon Ride Flex SoC is expected to allow the synchronization of the ADAS, digital cockpit, and AD functions on a single SoC.

Challenges

  • High Cost of Investment Required for Research & Development
  • Complicated Software Designs
  • Possibility of Data Misuse

Global Automotive Infotainment SoCs Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 16 Billion

Forecast Year Market Size (2035)

~ USD 42 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Infotainment SoCs Segmentation

Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

The passenger cars segment in the automotive infotainment SoCs market is counted on to exhibit a growth rate of around 65% by the end of 2035. The increasing demand for cars globally with surging technological advancements, and changes in consumer preference owing to urbanization, and digitization is positively affecting the expansion of the segment. The advancements in advanced driver assistance systems (ADAS) with modern technologies are increasing convenience, efficiency, and control over the vehicle environment which is augmenting the demand for cars.

Moreover, the light commercial vehicles segment is further contemplated to bring in the maximum share of market revenue by 2035. The rising trend of shared mobility as well as the growing volume of freight transport is driving the sales of commercial vehicles worldwide. It was observed that more than 12 million units of commercial vehicles were sold in the United States in 2021.

Application (e-Cockpit, Head Unit, Sound System)

The e-cockpit segment is foreseen to hold a significant revenue rate amongst all other applications. The uptrend of intelligent vehicles with increased connectivity of individual components for a holistic human-machine dialogue is driving forward the segment growth. E-cockpit uses AI and audio/video to deliver a revolutionary experience and smart vision technology enables the e-cockpit to provide real-time security notifications and intelligent AR navigation.

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

           Technology

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

             Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

              Installation Type

  • In-dash
  • Rear Seat

                  Application

  • e-Cockpit
  • Head Unit
  • Sound System
 

 


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Automotive Infotainment SoCs Industry - Regional Synopsis

North America Market Forecast

The market share of automotive infotainment SoCs in North America, amongst the market in all the other regions, is forecasted to gain a revenue share of about 35% by the end of 2035. The rise in the demand for high-end vehicles, including luxury cars, supercars, and others specifically in the USA, California, and Florida are expected to propel the regional market demand. Recently, in February 2023, the luxury brand sales in overall sales of vehicles hiked to around 20%.

APAC Market Statistics

The Asia Pacific automotive infotainment SoCs market is slated to register a nearly 24% growth rate by 2035. The existence of a strong automobile network in the region and the rising penetration of smart vehicles in emerging economies such as China and India are contributing to the market growth in the region. In the year 2022, of all smart vehicles of different levels of automation sold so far worldwide, around 55% were sold in China.

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Automotive Infotainment SoCs Market Size
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Companies Dominating the Automotive Infotainment SoCs Landscape

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

In the News

  •  The Surround View Camera System, by Garmin Ltd., 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.
  • BorgWarner Inc. announced the complete acquisition of Delphi Technologies, to strengthen its electronics and power electronics products.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 3839
  • Published Date: Jun 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing innovation in infotainment systems in vehicles and the growing demand for high-end vehicles are the major factors driving the growth of the automotive infotainment SoCs market.

The market size of automotive infotainment SoCs is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Garmin Ltd., BorgWarner Inc., Pioneer Corporation, Alpine Electronics, Inc., Robert Bosch GmbH, and Continental AG.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, vehicle type, installation type, application, and by region.

The passenger cars segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The complicated software designs and the possibility of data misuse are some of the factors estimated growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Automotive Infotainment SoCs Market Report Scope
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