What is Global Automotive Infotainment SOC Market?
The Global Automotive Infotainment SOC Market is a fascinating and rapidly evolving sector. It refers to the integration of both entertainment and information delivery systems in automobiles through a unified hardware system. This system is powered by a System on a Chip (SOC) - a technology that incorporates all components of a computer or other system into a single chip. It enhances the driving experience by providing features like navigation, traffic information, and multimedia streaming. The market is driven by the increasing demand for advanced infotainment systems and safety solutions that are energy-efficient, cost-effective, and comfortable. The rise in the trend of connected vehicles is also a significant factor contributing to the growth of this market.
Instrument Panel, Back Seat in the Global Automotive Infotainment SOC Market:
The Global Automotive Infotainment SOC Market is segmented based on the location of the infotainment system in the vehicle, such as the instrument panel and back seat. The instrument panel-based infotainment systems are the most common, providing the driver with all the necessary information and entertainment right at their fingertips. These systems offer features like GPS navigation, radio, music or video players, and hands-free telephone. On the other hand, back seat-based infotainment systems are designed to provide entertainment to the passengers in the rear seats. These systems usually include features like video playback, games, and internet connectivity. The choice between these two depends on the user's needs and the type of vehicle.
Passenger Vehicles, Commercial Vehicles in the Global Automotive Infotainment SOC Market:
The Global Automotive Infotainment SOC Market finds its application in both passenger and commercial vehicles. In passenger vehicles, the infotainment system is used to enhance the driving experience by providing real-time information, entertainment, and connectivity. It helps in navigation, hands-free calling, and provides access to music or videos. In commercial vehicles, the infotainment system is used to monitor the vehicle's performance, provide navigation assistance, and manage fleet operations. It also helps in improving the safety and efficiency of the vehicle by providing real-time traffic updates, route suggestions, and vehicle diagnostics.
Global Automotive Infotainment SOC Market Outlook:
Looking at the market outlook, the Global Automotive Infotainment SOC Market was valued at a significant US$ 7432.3 million in 2023. It is projected to reach an impressive US$ 12400 million by 2030, growing at a steady compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2030. In 2019, the top nine companies in the Automotive Infotainment SOC market held a substantial combined market share of 76% of the global total. This indicates the competitive nature of the market and the dominance of these key players.
| Report Metric | Details |
| Report Name | Automotive Infotainment SOC Market |
| Accounted market size in 2023 | US$ 7432.3 million |
| Forecasted market size in 2030 | US$ 12400 million |
| CAGR | 7.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Renesas, Texas Instruments, Infineon Technologies, Qualcomm, NXP Semiconductors, Intel, NVIDIA Corporation, STMicroelectronics, ON Semiconductor |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
