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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 16 Billion |
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Forecast Year Market Size (2035) |
~ USD 42 Billion |
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Regional Scope |
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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:
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Technology |
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Vehicle Type |
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Installation Type |
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Application |
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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.
Author Credits: Harshita Srivastava, Saima Khursheed
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