Automotive SoCs Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 28.3 Billion by 2030, growing at a CAGR of 14.6% from 2024 to 2030.
From 2023 to 2033, the demand for automotive SoCs is expected to experience a significant surge. The evolution of the automotive industry, particularly the transition toward fully autonomous vehicles, electric mobility, and more connected in-car experiences, will drive the market's expansion. As EVs become more prevalent, automotive manufacturers are increasingly integrating advanced SoCs to enhance battery management systems, vehicle-to-everything (V2X) communication, and infotainment. Additionally, the demand for advanced sensors, AI-powered applications, and machine learning capabilities will continue to fuel this growth, requiring more powerful and efficient SoCs.
The automotive industry is also seeing an increase in demand for SoCs that can manage both high-performance computing and low-power consumption. The integration of sophisticated ADAS, including lane departure warnings, collision detection, and automated parking, will require SoCs with enhanced processing capabilities. This includes improved processing speeds, better energy efficiency, and the ability to support high-bandwidth data processing required for real-time decision-making systems in autonomous vehicles.
The market outlook for automotive SoCs over the next decade is influenced by multiple factors, including the increasing complexity of in-vehicle systems, regulatory requirements for safety features, and rising consumer demand for connected and personalized driving experiences. With smart vehicles becoming more common, SoCs are expected to become the backbone of automotive innovation, supporting everything from electric powertrains to advanced infotainment platforms. As these technologies evolve, the market is also likely to see the introduction of more specialized SoCs designed to address niche applications in autonomous driving, electric power systems, and even vehicle cybersecurity.
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The Automotive System on Chips (SoCs) market has experienced substantial growth from 2018 to 2022, driven by advancements in automotive electronics, the rise of electric vehicles (EVs), and the increasing demand for advanced driver-assistance systems (ADAS). The market was valued at several billion dollars in 2022, reflecting the global shift toward smarter, more efficient automotive technologies. Key players in the market included major semiconductor companies like Qualcomm, NVIDIA, and Intel, who provided the critical SoCs enabling improved connectivity, automation, and energy efficiency in vehicles.
Texas Instruments
Infineon Technologies
Intel
NVIDIA
STMicroelectronics
NEC
NXP Semiconductors
ON Semiconductor
Qualcomm Technologies
Renesas Electronics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive SoCs Market
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive SoCs market share In 2023.
Digital
Analog
Mixed Signal
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive SoCs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive SoCs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive SoCs Market, By Type
6. Global Automotive SoCs Market, By Application
7. Global Automotive SoCs Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive SoCs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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