Press release
Leading Growth Driver in the Automotive SoC Market in 2025: Electric Vehicle Surge Fuels Accelerated Growth In The Automotive System-On-Chip (SoC) Market Driver's Influence
Automotive SoC
The upward trend in global electric vehicle demand is predicted to be a major factor driving the expansion of the automotive System-on-Chip (SoC) market. Electric vehicles, which run entirely or partially on electrical power in place of traditional combustion engines, utilize automotive SoCs for efficiency, interactivity, and safety. Therefore, an upsurge in electric vehicle adoption would necessitate market growth. For instance, the International Energy Agency (IEA), a French organization, reported in April 2023 that more than 10 million electric cars were sold worldwide in 2022, with a prediction of a 35% rise in sales to 14 million this year. This significant progress has lifted the proportion of electric vehicles within the total car market from about 4% in 2020 to 14% in 2022, with further growth to 18% anticipated this year. Furthermore, according to the IEA's Net Zero Emissions by 2050 Scenario, battery production initiatives are expected to satisfactorily cater to electric vehicle demand until 2030. Consequently, the growing demand for electric vehicles is fueling the development of the automotive SoC market.
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What is the future CAGR of the automotive soc market, and how will it impact industry expansion?
In the past years, the automotive System-on-Chip (SoC) market size has experienced significant expansion. It is forecasted to increase from $26.86 billion in 2024 to $29.12 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.4%. This growth during the historical period is due to factors including the increased intricacy in automotive electronics, the implementation of Advanced Driver Assistance Systems (ADAS), the integration of infotainment systems, the evolution of electric and hybrid vehicles, and safety and regulatory compliance.
Significant expansion in the automotive SoC market is anticipated in the upcoming years, expected to reach a value of $41.29 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%. The escalation projected over the forecast period can be credited to developments in autonomous vehicle technology, vehicle-to-everything (V2X) communication, e-mobility and battery management systems, and the connected car ecosystem, as well as cybersecurity requirements. Foreseen trends within this period comprise the inclusion of advanced sensor interfaces, progress in heterogeneous computing architectures, heightened focus on automotive SoC cybersecurity, the adoption of integration and consolidation of functions, and focus on over-the-air (OTA) software updates.
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What are the most significant trends transforming the automotive soc market today?
The automotive SoC market is witnessing a significant rise in product innovations, a trend being spearheaded by the major industry players. These companies are committed to crafting novel technological solutions to consolidate their standing in the market. A prime example of this occurred in January 2023, when Qualcomm Technologies Inc., a semiconductor firm based in the US, unveiled its Snapdragon Ride Flex. This was touted as the first-ever scalable SoC family in the automotive sector. It's been exclusively developed to support both the digital cockpit and advanced driver assistance systems simultaneously. Its integration with the Snapdragon Ride Vision stack, along with its jointly produced hardware and software for computer vision, artificial intelligence, and optimum power usage, ensures top-notch performance in a mixed-criticality scenario.
Which key market segments comprise the automotive soc market and drive its revenue growth?
The automotive SoC market covered in this report is segmented -
1) By Offerings: Hardware, Software, Services
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Application: Infotainment System SOCs, Advanced Driver Assistance Systems (ADAS), Intelligent Transport System, In-Vehicle Networking System, Connected Vehicle Platform
Subsegments:
1) By Hardware: Processor (CPU, GPU, DSP), Memory (RAM, ROM), Power Management ICs, Communication Interfaces (CAN, Ethernet), Sensors (Camera, LiDAR, Radar)
2) By Software: Operating Systems (Real-Time OS, Linux), Middleware, Development Tools, Application Software
3) By Services: Design and Development Services, Integration Services, Maintenance And Support Services, Consulting Services
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What regions are at the forefront of automotive soc market expansion?
Asia-Pacific was the largest region in the automotive SoC market in 2024. The regions covered in the automotive soc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the automotive soc market?
Major companies operating 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., Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc. (ADI), Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Marvell Technology Inc., Cadence Design Systems Inc., Cypress Semiconductor Corporation, Himax Technologies Inc., Nordic Semiconductor ASA, Lattice Semiconductor Corporation, Faraday Technology Corporation, Ambarella Inc., Telechips Inc., Infotmic Co. Ltd., Fujitsu Semiconductor Limited, Hyundai Autron Co. Ltd.
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What Is Covered In The Automotive SoC Global Market Report?
• Market Size Forecast: Examine the automotive soc market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive soc market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive soc market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive soc market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive soc market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive soc market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive soc market.
• Competitive Landscape: Review strategic developments in the automotive soc market, including expansions, agreements, and new product launches.
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