Press release
Automotive Grade Smart Cockpit System-On-Chip (SoC) Market Set to Reach $10.55 Billion by 2029 with 6.6% Yearly Growth
Automotive Grade Smart Cockpit SystemOnChip SoC
The increasing need for advanced driver assistance systems is projected to fuel the growth of the automotive grade smart cockpit system-on-chip (SoC) market. These advanced driver assistance systems (ADAS) utilize vehicle technologies designed to enhance the safety and driving experience by incorporating features such as auto braking, lane maintenance support, and collision evasion. The amplified demand for ADAS is caused by factors like growing concerns over road safety, legislative policies, customer inclination towards safety features, and the expansion in autonomous and electric vehicles. A smart cockpit System-on-Chip (SoC) of automotive grade aids in improving ADAS as it facilitates real-time data processing, sensor fusion, and smart decision-making for safer and more efficient driving. As indicated by the Department for Science, Innovation, and Technology (DSIT), a UK-based government department in October 2023, it is believed that by 2035, close to 40% of vehicles plying on the UK roads could be equipped with autonomous driving technology. Hence, the escalating demand for advanced driver assistance systems is steering the growth of the automotive grade smart cockpit system-on-chip (SoC) market.
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What Is the projected market size and growth rate for the automotive grade smart cockpit system-on-chip (soc) market?
The market size for the automotive grade smart cockpit system-on-chip (SoC) has experienced swift expansion in the past few years. The prediction is an increase from $3.14 billion in 2024 to $3.55 billion in 2025, equating to a compound annual growth rate (CAGR) of 13.1%. The notable increase during the historic phase is due to heightened consumer expectations, a rise in the count of connected cars, enhancement in safety characteristics, a surge in demand for advanced in-vehicle entertainment and connectivity services, and an emphasis on user-focused design.
In the forthcoming years, the automotive grade smart cockpit system-on-chip (SoC) market is predicted to witness rapid expansion. The market is projected to balloon to $5.75 billion by 2029, at a compound annual growth rate (CAGR) of 12.8%. This projected growth during the forecast period can be linked to factors such as frequent over the air updates, increased regulatory demands for improved vehicle safety standards, the proliferation of self-driving and electrified vehicles, the growing implementation of AI and ML in automotive applications, and heightened demand for advanced driver assistance systems. Notable trends expected during the forecast period encompass advanced driver assistance systems, the emergence of networked automobiles, integration of AI, the rise of gesture control and touchscreen displays, novel developments in human-machine interface, and the advent of fresh automotive connectivity technologies.
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What new trends are reshaping the automotive grade smart cockpit system-on-chip (soc) market and its opportunities?
Key players in the automotive grade smart cockpit system-on-chip (SoC) market are striving to evolve innovative artificial intelligence (AI)-fuelled automotive SoCs, aiming to facilitate instantaneous data processing for connectivity and infotainment purposes. These AI-driven automotive SoCs deal with intense amounts of data derived from multiple sources like sensors and cameras, thereby improving vehicular functionality, safety measures, and user interaction. For example, MediaTek, a semiconductor company from the US, introduced the Dimensity Auto Cockpit chipsets in March 2024, planned for the future smart vehicles. Furnished with state-of-the-art Armv9-A CPUs and NVIDIA RTX graphics, the chipset excels in the performance of deep learning applications. Incorporating NVIDIA's Deep Learning Accelerator (DLA) allows effective execution of large language models (LLMs) at the periphery, driving AI features such as conversational AI and natural language processing in vehicles. Assisting numerous internal displays, counting pillar-to-pillar and ultra-wide set-ups, and independent multimedia feeds, these chipsets provide a remarkably interactive and vibrant infotainment experience to all riders.
What major market segments define the scope and growth of the automotive grade smart cockpit system-on-chip (soc) market?
The automotive grade smart cockpit system-on-chip (SoC) market covered in this report is segmented -
1) By Product: Infoainment System-On-Chip (SoC), Instrument Cluster System-On-Chip (SoC), Advanced Driver Assistance Systems (ADAS) System-On-Chip (SoC), Other Products
2) By Technology: Three-Dimensional (3D) Graphics, Artificial Intelligence, Voice Recognition, Connectivity, Other Technologies
3) By Application: Passenger Cars, Commercial Vehicles
Subsegments:
1) By Infotainment System-On-Chip (SoC): Multimedia Processing SoC, Connectivity And Communication SoC, AI-Powered Voice Recognition SoC, Navigation And GPS SoC
2) By Instrument Cluster System-On-Chip (SoC): Digital Dashboard SoC, Hybrid Cluster SoC, Real-Time Data Processing SoC, High-Resolution Display SoC
3) By Advanced Driver Assistance Systems (ADAS) System-On-Chip (SoC): Vision Processing And Sensor Fusion SoC, AI-Based Object Detection And Recognition SoC, Radar And LiDAR Processing SoC, Autonomous Driving Assistance SoC
4) By Other Products: Electric Vehicle (EV) Smart Cockpit SoC, Augmented Reality (AR) Head-Up Display (HUD) SoC, Gesture Control And Haptics SoC, Cloud-Connected Telematics SoC
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Which region dominates the automotive grade smart cockpit system-on-chip (soc) market?
Asia-Pacific was the largest region in the automotive grade smart cockpit system-on-chip (SoC) market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive grade smart cockpit system-on-chip (SoC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive grade smart cockpit system-on-chip (soc) industry growth?
Major companies operating in the automotive grade smart cockpit system-on-chip (SoC) market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Continental AG, NVIDIA Corporation, Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, ECARX, ROHM Semiconductor, UNISOC(Shanghai)Technologies Co. Ltd., Monolithic Power Systems Inc., SiEngine Technology Co. Ltd., Telechips Inc., Harman International, Nanjing SemiDrive Technology Ltd.
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What Is Covered In The Automotive Grade Smart Cockpit System-On-Chip (SoC) Global Market Report?
•Market Size Forecast: Examine the automotive grade smart cockpit system-on-chip (soc) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive grade smart cockpit system-on-chip (soc) market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive grade smart cockpit system-on-chip (soc) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive grade smart cockpit system-on-chip (soc) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive grade smart cockpit system-on-chip (soc) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive grade smart cockpit system-on-chip (soc) market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive grade smart cockpit system-on-chip (soc) market.
•Competitive Landscape: Review strategic developments in the automotive grade smart cockpit system-on-chip (soc) market, including expansions, agreements, and new product launches.
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