Automotive SoC Market Overview
The Automotive SoC Market
size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the
period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip
(SoC) for developing highly autonomous cars, integrated with breakthrough cyber
security identification, monitor, and investigation systems. The Automotive SoC
market is largely driven by the introduction of a
plethora of computer-based systems in car, growing popularity of Advanced
driving assistance systems, along with the successful launches of electric and
hybrid vehicles around the world. The impressive performance of high-end
automotive SoCs is influencing the automotive industry to integrate ADAS
applications and other tailored artificial intelligence (AI) for enabling
operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D
mapping and many more. In fact, the potential investment towards modern-age
smart cars & vehicles, with integrated circuit solution and automobile
connectivity chips, along with high competition in the worldwide automotive
industry and rising disposable incomes across the globe is estimated to contribute
to the growth of the Automotive SoC Industry. In addition, the growing need for
a seamless driving experience and other specific safety mechanism technologies
to improve transportation are accelerating the demand for Automotive SoC
Market.
Automotive SoC Market Report Coverage
The report: “Automotive
SoC Market Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Automotive SoC Market.
By Offerings:
Hardware, Software and Services
By Vehicle Type:
Passengers Cars and Commercial Vehicles
By Application:
Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent
Transport System, In-vehicle networking system, Connected Vehicle Platform and
Others
By Geography:
North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain,
Russia and Others), APAC(China, Japan India, South Korea, Australia and
Others), South America(Brazil, Argentina and others)and RoW (Middle east and
Africa)
Key Takeaways
- The growing Electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market.
- The The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models.
- North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions.
Automotive SoC Market, By Region 2020
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Automotive SoC Market Segment Analysis – By Vehicle Type
By Vehicle type, the
Automotive SoC Market is segmented into Passengers Cars and Commercial
Vehicles. The passenger car segment is analyzed to register the highest share
in 2020, and grow at a CAGR of 9.3% in the forecast period due to the
breakthrough automotive solution to provide safety critical applications and
automated driving solution. The growing demand for higher bandwidth and other
connectivity elements for denoting Advanced Driver Assistance Systems drive the
market growth. In December 2020, a premier supplier of advanced semiconductor
solutions, Renesas Electronics Corporation unveiled the R-Car V3U. The R-Car
V3U is an exclusive ASIL D system on chip (SoC) that offers advanced driver
assistance systems (ADAS) and automated driving (AD) systems. Hence, the increasing
demand for enhanced functional safety and other potential development for
automated driving are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis - By Application
By Application, the Automotive SoC Market is segmented into Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent Transport System, Connected Vehicle Platform and Others. The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models. In July 2020, Pioneer India, a leading Auto-infotainment system provider launched 3 Car AV receivers with Alexa built-in, for car infotainment. Thus, the growing advancement of automotive infotainment, and the incorporation of latest designs to serve several application bases are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Geography
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, followed by Asia-Pacific, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions. Furthermore, the growing consumer demand for luxurious cars and next-generation automobiles, embedded with ADAS, speech recognition, enhanced security, GPS and other feature-rich infotainment systems are driving the growth of the market, specifically in the U.S.A. In August 2020, Qualcomm Technologies, Inc. collaborated with Automotive technology company, Veoneer, Inc. to deliver scalable Advanced Driver Assistance Systems (ADAS). In order to address the impending complexities related with designing advanced driver-assistance systems (ADAS), such as SoC platform, graphics processing unit and other safety compliance, this strategic partnership aims to address the respective concerns across every vehicle tiers. In February 2021, Tata Consultancy Services (TCS), the major IT service provider launched a Neural Automotive and Industrial Experience Center in Troy, Michigan. This Centre offers customers and partners with an automotive garage set-up that further provide access to the advanced technologies to experiment, co-innovate, build prototypes, and launch solutions in an agile way. Therefore, the significant acquisitions among leading manufacturers and investment to deliver next-generation technology is estimated to drive the Automotive SoC Market in this region.
Automotive SoC Market Drivers
Growing prominence of Electric Vehicle market
The growing electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market. In addition, the sensitivity towards cleaner and greener environment across the globe accelerates the sale of the electric vehicles. In February 2020, Mahindra & Mahindra launched the KUV100 electric SUV at the Auto Expo 2020. The new eKUV100 is India’s most affordable electric car that is designed with a 40kW electric motor to deliver 53bhp of power with a peak of 120Nm. In addition, the increasing needs to design sustainable and clean energy pathways, most automakers are collaborating to develop enhanced EV battery technology and other indispensable infrastructure for EV models. In December 2020, the NextEra Energy Resources, LLC, today acquired eIQ Mobility, the leading software provider of mobility planning solutions based in Oakland, California. The acquisition helps the customers to identify varied economic operational ways while selecting suitable electric vehicles and associated charging infrastructure. As the investments from automakers are growing, Royal Dutch Shell acquired Ubitricity, in January 2021, the owner of one of the largest electric vehicle (EV) charging networks in the United Kingdom (UK). Royal Dutch Shell signed this strategic acquisition due to the decision made by the Ubitricity to increase the investments in next-generation EV cars. Thus, all these factors play a major role to formulate the growth of Automotive SoC Market.
Rising demand for Advanced Driver Assistance System (ADAS) Cars
The significant rise in the demand for Advanced Driver Assistance System (ADAS) Cars among consumers due to intelligent speed assistance, advanced safety systems, parking assistance and other automated technology are contributed to promote the growth of the Automotive SoC Market. In January 2020, Samsung launched Digital Cockpit 2020, which utilizes 5G to connection features inside and outside the vehicle, which offers improved connected experiences and safe driving support for drivers and passengers. Hence, the growing awareness about vehicle safety and other real-time monitoring systems to deliver robust opportunities are estimated to drive the growth of Automotive SoC Market.
Automotive SoC Market Challenges
Growing vulnerability leading to data breaches
With all the advantages of
the Automotive SoC system that lead to strong market growth, there is a major
concern that is associated with security impediment. The security threat
landscape is growing enormously to create possibility of hacking, and thus, it
directly impact on humans safety. There are several well-publicized security
breaches recently that raise severe concern for designing a complete autonomous
driving system, which resulting a key restraining factor for the growth of the
Automotive SoC Market.
Market Landscape
Product
launches, acquisitions, and R&D activities are key strategies adopted by
players in the Automotive SoC Market. The Automotive SoC Market top 10
companies include Infineon Technologies AG, Intel
Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V.,
Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics
N.V., Texas Instruments Incorporated, Telechips, Inc. OmniVision Technologies
Inc. and among others.
Partnerships/Product Launches/Contracts
- In November 2020, Hyundai Motor Group collaborated with NVIDIA Corporation and launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform, which enables Hyundai Motor Group’s IVI systems to combine with audio, video, navigation, connectivity and artificial intelligence (AI)-based ‘connected car’ services.
- In May 2020, a leading developer of advanced digital imaging solutions, OmniVision Technologies, Inc. launched 1.3MP OX01E10 SoC, an automotive SoC for entry-level rear view Cameras with industry's best low-light performance, lowest Power consumption and compact size.
Related Reports
Advanced Driver
Assistance Systems (ADAS) Market
Report Code: ATR 0008
Automotive
Artificial Intelligence Market
Report Code: ITR 0168
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LIST OF TABLES
1.Global Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)1.1 By Vehicle Type Market 2023-2030 ($M) - Global Industry Research
2.Global Competition Analysis Market 2023-2030 ($M)
3.Global Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 (Volume/Units)
3.1 By Vehicle Type Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Competition Analysis Market 2023-2030 (Volume/Units)
5.North America Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)
5.1 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
6.North America Competition Analysis Market 2023-2030 ($M)
7.South America Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)
7.1 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
8.South America Competition Analysis Market 2023-2030 ($M)
9.Europe Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)
9.1 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
10.Europe Competition Analysis Market 2023-2030 ($M)
11.APAC Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)
11.1 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
12.APAC Competition Analysis Market 2023-2030 ($M)
13.MENA Automotive SoCs Market Analysis By Vehicle Type Market 2023-2030 ($M)
13.1 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
14.MENA Competition Analysis Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)2.Canada Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
3.Mexico Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
4.Brazil Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
5.Argentina Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
6.Peru Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
7.Colombia Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
8.Chile Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
10.UK Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
11.Germany Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
12.France Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
13.Italy Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
14.Spain Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
16.China Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
17.India Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
18.Japan Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
19.South Korea Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
20.South Africa Automotive SoC Demand Forecast 2019 Market Revenue, 2023-2030 ($M)
21.North America Automotive SoC Demand Forecast 2019 By Application
22.South America Automotive SoC Demand Forecast 2019 By Application
23.Europe Automotive SoC Demand Forecast 2019 By Application
24.APAC Automotive SoC Demand Forecast 2019 By Application
25.MENA Automotive SoC Demand Forecast 2019 By Application