Automotive SoC Market Driven by Growing Electric and Hybrid Vehicles Sales

Published on : Dec 05, 2018

Albany, New York, December 5, 2018: Advent of electric and hybrid vehicles has accentuated the automotive system-on-chip market. At the time when technological advances has scaled to new heights, the demand for augmented automated and multifunction entertainment systems is set to further fuel the market which has been underpinned by the government’s approach and initiatives. Growing awareness about the need for safety of the end-user has made automotive SoC indispensable. These assimilations are according to the report titled, “Automotive SoC Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has recently been added to the repository of Market Research Hub (MRH). According to the report, the automotive SoC market will be bolstered by economic growth and changing consumer behavior.

Application of the automotive SoCs furnishes a seamless experience to the end-user by allowing automobile OEMs to have a sophisticated and complete/partially automated systems providing a convenient and improved driving experience. In addition, in a bid to meet consumers’ demand, prominent automakers are investing in research and development of vehicle automation. SoC helps in integrating IC-integrated LED front lighting, GPS and radar capabilities, sophisticated security, audio and video sensing and speech recognition, to name a few.

However, heavy tariffs and taxes levied on electronic goods have dented the sales of semiconductors and related chips. The repercussions are set to mar the automotive SoC market. Meanwhile, surge in the demand for opulent vehicles in Europe, North America and Asia Pacific is giving a push for the automotive SoC market.

Automotive SoC Market: Report Content

The report provides an exhaustive analysis on the automotive SoC market. Further, the report assesses the drivers responsible for the augmentation of the automotive SoC market along with the restraints of the market. The report also peruses opportunities and trends of the market.

The segmentation of the market provides an over-view on the automotive SoC market. The market has been segregated on the basis of application and vehicle type. With respect to application, the market has been segmented into infotainment systems, ADAS and others. With regards to vehicle type, the market has been fragmented into passenger cars and commercial vehicle. A thorough analysis has been furnished in the report for every segment with respect to market size analysis across different regions.

The final section incorporates competitive landscape with the dashboard view assessing the product portfolio, major differentiators and value chain. The final section provides a comparative assessment of prominent companies in the market. Prominent competitors included in the report are, namely, Infineon Technologies AG, Intel Corporation and Texas Instruments Incorporated.

Automotive SoC Market: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market.

The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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