Press release
Automotive SoC Market Outlook, Size, Share, Analysis, Trends, Growth And Global Forecast 2023-2032
Automotive SoC Market Report
Automotive SoC Market Size, Growth Rate, And Forecast:
The global automotive SoC market size is expected to grow from $23.18 billion in 2022 to $25.36 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive SoC market size is expected to reach $34.77 billion in 2027 at a CAGR of 8.2%.
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Automotive SoC Market Drivers:
Increasing demand for electric vehicles across the world is expected to propel the automotive SOC market's growth going forward. Electric vehicles are vehicles that are powered fully on electric power or partially powered and operate on an electric engine instead of a conventional combustion engine. Automotive SoCs are used in electric cars to make them efficient, interactive, and safe, so an increase in electric vehicles will be required to propel market growth.
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Automotive SoC Market Segments
•By Offerings: Hardware, Software, Services
•By Vehicle Type: Passenger Cars, Commercial Vehicles
•By Application: Infotainment System SOCs, Advanced Driver Assistance Systems (ADAS), Intelligent Transport System, In-Vehicle Networking System, Connected Vehicle Platform
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive SoC market.
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Automotive SoC Market Key Players:
Major competitors in the automotive SoC market include Texas Instruments Incorporated, Infineon Technologies AG, Intel Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., STMicroelectronics NV, NEC Corporation, NXP Semiconductors NV, ON Semiconductor Corporation, Renesas Electronics Corporation, Marvell Technology Inc., Robert Bosch GmbH, Denso Corporation, Cadense Design Systems Inc., Microchip Technology Inc., and Telechips Inc.
The Business Research Company's "Global Automotive SoC Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive SoC Market Include:
1. Executive Summary
2. Automotive SoC Market Characteristics
3. Automotive SoC Market Trends And Strategies
4. Automotive SoC Market - Macro Economic Scenario
5. Automotive SoC Market Size And Growth
....
26. Africa Automotive SoC Market
27. Automotive SoC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive SoC Market
29. Automotive SoC Market Future Outlook and Potential Analysis
30. Appendix
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