Automotive System-on-Chip (SoC) Market Insights and Predictions
Thursday, 12 September 2024, 15:31
Automotive SoC Market Dynamics
The Automotive System-on-Chip (SoC) landscape is undergoing a dynamic shift, with current valuations pegged at USD 16.65 billion. This substantial figure underscores the rising demand for integrated technologies in vehicles.
Growth Projections and Trends
Forecasts suggest an impressive growth rate exceeding 6.5% from 2023 to 2030, driven by the evolution of electric and autonomous vehicles.
- Emergence of Advanced Driver-Assistance Systems (ADAS)
- Increased demand for connectivity features within vehicles
- Rising focus on energy-efficient SoC designs
Key Players in the Automotive SoC Sector
- Qualcomm
- NVIDIA
- Texas Instruments
- Renesas Electronics
As competition intensifies, industry leaders are pouring resources into innovation to secure their foothold in the automotive market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.