Press release
Automotive SoC Market: Growing Demand, Key Market Trends, and Driving Factors from 2024 to 2029
Automotive SoC Market
What Is The Projected Market Size Of The Global Automotive SoC Market And Its Growth Rate?
The automotive SoC market is seeing consistent growth due to various factors:
• Remarked growth from $26.86 billion in 2024 to $29.12 billion in 2025 with a CAGR of 8.4%.
• The market size is expected to rise to $41.29 billion in 2029 at a CAGR of 9.1%.
• Factors contributing to growth include advances in autonomous vehicle technology, vehicle-to-everything (V2X) communication, e-mobility and battery management.
What Is Driving The Growth In The Automotive SoC Market?
The increased demand for electric vehicles globally is a significant driver in the automotive SoC market. Automotive SoCs enhance the efficiency, interactivity, and safety of electric vehicles. As electric vehicle sales surge, so does the need for more advanced SoCs. According to an International Energy Agency report, over 10 million electric cars were sold globally in 2022, projecting an increase of 35% in 2023. The ascension of electric vehicles from 4% of the overall car market in 2020 to an expected 18% in 2023 is pushing the demand for automotive SoC.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9523&type=smp
Who Are the Key Players Driving Automotive SoC Market Growth?
Key players in the automotive SoC market include:
• Samsung Electronics Co. Ltd.
• Robert Bosch GmbH
• Intel Corporation
• Denso Corporation
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Toshiba Electronic Devices & Storage Corporation
• NVIDIA Corporation
• NEC Corporation
• Advanced Micro Devices Inc.
What Are The Key Trends In The Automotive SoC Market?
Key trends in the automotive SoC market include:
• Integration of advanced sensor interfaces
• Advancements in heterogeneous computing architectures
• Emphasis on cybersecurity in automotive SoCs
• Adoption of functional integration and consolidation
• Focus on over-the-air (OTA) software updates
What Are The Segments Of The Global Automotive SoC Market?
The automotive SoC market is segmented by:
1) Offerings: Hardware, Software, Services
2) Vehicle Type: Passenger Cars, Commercial Vehicles
3) Application: Infotainment System SOCs, Advanced Driver Assistance Systems (ADAS), Intelligent Transport System, In-Vehicle Networking System, Connected Vehicle Platform
Which Region Leads The Automotive SoC Market?
Asia-Pacific was the largest region in the automotive SoC market in 2024. The regions assessed in this automotive SoC market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/automotive-soc-global-market-report
What Is Covered In The Automotive SoC Market Global Market Report?
- Market Size Analysis: Analyze the Automotive SoC Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive SoC Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive SoC Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive SoC Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=9523&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive SoC Market: Growing Demand, Key Market Trends, and Driving Factors from 2024 to 2029 here
News-ID: 3838759 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for SoC
Global IPC SoC Chip Market Size by Application, Type, and Geography: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global IPC SoC Chip market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for Industrial PC System-on-Chip, or IPC SoC, is expanding rapidly as a result of growing automation in the industrial and manufacturing sectors.…
Team Engine Achieves SOC 2 Compliance
Boulder, Colorado - Team Engine, a leader in software to hire and engage frontline workers, recently achieved successful SOC 2 certification through a comprehensive audit process conducted by BD Emerson CPA. SOC 2 attestation, established by the American Institute of CPAs (AICPA), is a critical certification for organizations that manage customer data. It evaluates a company's systems and processes against strict criteria for security, availability, processing integrity, confidentiality, and privacy.
"Achieving…
Camera SoC Research:expected that by 2030, China's camera SoC market size will r …
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Camera SOC- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
The…
Automotive LiDAR System-on-Chip (SoC) Market Steering the Future: Automotive LiD …
Automotive LiDAR System-on-Chip (SoC) Market
Automotive LiDAR System-on-Chip (SoC) Market to reach over USD 131.75 billion by the year 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive LiDAR System-on-Chip (SoC) Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Commercial Vehicles, And Robo Taxis), Level Of Autonomy
(Semi-Autonomous And Fully Autonomous), Range Type (Short-To-Medium-Range…
Security Operation Center (SOC) as a Service Market Size | SOC Market Analysis a …
Security Operation Center (SOC) as a Service Market Size By Service (Incident Response, Threat Monitoring, Detection, Analytics), Application (Database Security, Endpoint Security, Network Security), Deployment Mode (Cloud, On-Premise), Organization (Small and Medium Enterprises (SMEs), Large Enterprises), End-User (BFSI, IT & Telecommunication, Healthcare, Manufacturing, Public Sector, Others) And Region Global Market Analysis and Forecast, 2023-2030
🛡️ The Growing Demand for SOC as a Service
The global security operation center (SOC) as a…
Autonomous Driving SoC Market: NVIDIA, ORIN SoC, Hyperion, Mobileye, Qualcomm, T …
Research on autonomous driving SoC Market: driving-parking integration boosts the industry, and computing in memory (CIM) and chiplet bring technological disruption.
Autonomous Driving SoC Research Report, 2023 released highlights mainstream automakers autonomous driving SoC and system deployment strategies, and 9 overseas and 10 Chinese autonomous driving SoC vendors, and discusses the following key issues:
Get a Free Sample Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=7016200
- Analysis and outlook for autonomous driving SoC and system deployment…
