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 â€“ 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.