Press release
Leading Companies Reinforce Their Standing in the Automotive SoC Market
Automotive SoC Market
Anticipated Market Size of the Automotive SoC Industry by 2030
The automotive SoC market is projected to experience significant expansion, reaching a market value of $43.25 billion by 2030. This surge corresponds to a compound annual growth rate (CAGR) of 8.6%. Several factors contribute to this forecasted growth, including progress in autonomous driving technologies, the rise of software-defined vehicles, adoption of edge AI solutions, increasing demand for high-performance computing, and enhanced vehicle data analytics. Important trends expected to influence the market include heightened requirements for ADAS (Advanced Driver Assistance Systems) processing, the integration of AI accelerators, growth in in-vehicle networking, widespread adoption of centralized vehicle architectures, and the proliferation of connected vehicle platforms.
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Leading Corporations in the Automotive SoC Landscape
The automotive SoC market features a mix of global tech giants and specialized semiconductor firms. Key players include Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., NVIDIA Corporation, Advanced Micro Devices Inc., Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corporation, ON Semiconductor Corporation, Marvell Technology Inc., Cypress Semiconductor Corporation, Himax Technologies Inc., Lattice Semiconductor Corporation, Ambarella Inc., Telechips Inc., Fujitsu Semiconductor Limited, and Hyundai Autron Co. Ltd.
Intel's Strategic Acquisition to Boost SoC Capabilities in Electric Vehicles
In January 2024, Intel Corporation, a prominent US-based semiconductor and technology leader, acquired Silicon Mobility, a France-based company specializing in automotive SoC solutions, for an undisclosed sum. This acquisition is aimed at enhancing Intel's electric vehicle SoC portfolio and accelerating the implementation of AI-powered software-defined vehicle technologies across automotive platforms. This move is expected to strengthen Intel's position in the evolving automotive semiconductor market.
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Innovations and Technological Advances Driving the Automotive SoC Market
Companies in the automotive SoC sector are focusing on developing safe and high-performance computing platforms tailored for automotive use to maintain competitive advantage. Safe automotive high-performance computing (HPC) platforms provide robust and secure architectures essential for modern vehicles. For example, in March 2024, Arm, headquartered in England and renowned for its processor intellectual property and software solutions, introduced the latest Arm Automotive Enhanced (AE) processors. These processors are designed to advance software-defined vehicles and AI applications, enhancing the performance of ADAS features such as lane-keeping, adaptive cruise control, and automated parking. They meet the intense computing demands of autonomous driving by enabling real-time processing of sensor and camera input, which improves decision-making capabilities.
Breakdown of Market Segments and Forecasts in the Global Automotive SoC Industry
The automotive SoC market is analyzed across several key segments, including:
1) Offerings: Divided into Hardware and Software
2) Vehicle Type: Split between Passenger Cars and Commercial Vehicles
3) Application: Covering Infotainment System SoCs, Advanced Driver Assistance Systems (ADAS), and Connected Vehicle Platforms
Subcategories within these segments include:
- Hardware: Central Processing Units (CPUs), Graphics Processing Units (GPUs), Digital Signal Processors (DSPs), AI and Neural Processing Units (NPUs), Embedded Memory, Integrated Communication Controllers, and Functional Safety and Security Blocks
- Software: Real-Time Operating Systems (RTOS), Embedded Linux and Automotive OS, Middleware and Hardware Abstraction Layers (HAL), Board Support Packages (BSPs), SoC Firmware and Device Drivers, as well as AI and Vision Acceleration Libraries
This comprehensive segmentation helps clarify the diverse components and applications that drive growth in the automotive SoC sector.
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