Future Market Insights (FMI) has published a new research report on Automotive Infotainment SoCs titled “Automotive Infotainment SoC Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028)”. The report presents an overall view of the global market with respect to its historical and future growth trajectories. Statistics and information on current trends and scenarios were also mentioned in the study. According to the report, the global market for automotive infotainment SoC is expected to exhibit a CAGR of 6.9% from 2018 to 2028. The market was valued at US$ 9,035.0 Mn in 2017 and is expected to reach a valuation of US$ 18,485.9 Mn by the end of 2028.
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In order to remain competitive and maintain a position in the market, a company may increase its business revenue, come up with new innovation strategies, or attract new potential customers. Texas Instruments Incorporated, a market operating leader, introduces two of the industry’s smallest gate driver and power MOSFET solutions for motor control. The combination of the CSD88584/99 NexFET power block with the DRV832x brushless DC (BLDC) gate driver can reduce size and weight in motor drive applications. The DRV832x BLDC gate drivers feature a smart gate drive architecture for 24 components traditionally used to set the gate drive current. The CSD88584Q5DC and CSD88599Q5DC power blocks utilize two FETs in a unique stacked die configuration. Other Companies in the Global Automotive Infotainment SoC Market include ON Semiconductor Corporation, NVIDIA Corporation, Renesas Electronics Corporation, Qualcomm Technologies, Inc. and Infineon Technologies AG.
The proliferation of successive technological advances to extract wells for the market
The automotive industry is undergoing tremendous digital transformation as most major automakers are investing significant resources in vehicle automation R&D to meet changing requirements and enhance the driving experience of their customers. Next-generation automobiles include voice recognition, audio/video detection, image compatibility, GPS and radar capabilities, advanced driver assistance, next-generation security and safety, and integrated LED front lighting with ICs. Infotainment System-on-Chip plays an important role in vehicle automation for driving automation, which is used in automobiles to optimally integrate various advanced functions into the vehicle. As a result, various car manufacturers have introduced automotive infotainment systems on a chip to provide customers with an optimal driving experience.
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High production costs and huge gap in technological sophistication will threaten market growth
Compliance with technology standards for infotainment SoCs is embarrassing for most key suppliers as a variety of technological advances and innovations in the automotive industry and semiconductors come into view. Automotive infotainment SoC manufacturers are constantly updating and innovating infotainment system-on-a-chip products to remain competitive in the market. However, the high production costs of graphite and carbon fiber, silicon carbide, potted composite porous ceramics, manufacturing, etc. that make up the substrate price constitute one of the key dynamics that are likely to restrain the growth of the global automotive infotainment SoC market. in the near future.
The automotive giant, which primarily deals with passenger cars, luxury and sedans, is focusing on gaining traction through powerful processors in semi-autonomous and autonomous vehicles.
Today, tech giants and automakers are introducing complex technologies that could support autonomous vehicles. Autonomous cars use complex image recognition and radar/lidar systems to detect objects on the road, so automakers are using advanced and powerful processors (system-on-chips) to bring autonomous driving capabilities to their cars.
With the help of a powerful processor (system-on-chip), automakers implement advanced features such as machine vision, GPU power, power, image recognition and object detection. In addition, it was found that individuals and companies are increasingly interested in semi-autonomous vehicles. Growing consumer and business interest in autonomous vehicles is expected to drive the growth of the global automotive infotainment SoC market over the forecast period.
The global automotive infotainment SoC market is segmented into:
By vehicle type
- commercial vehicle
- light commercial vehicle
- large commercial vehicle
- North America
- Latin America
- Western Europe
- Eastern Europe
- Sea and other APAC
- Middle East and Africa
Key questions answered in the report
- What is the projected market value of the global Automotive Infotainment SOC market by 2028?
- Who are the key players in the global Automotive Infotainment SOC market?
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