Industry Background:
Automotive system-on-chip refers to a microchip embedded in automotive devices that offers high system integration and low power consumption and is aimed at the cost-conscious market of car multimedia and navigation systems, including high-end car radios. The automotive system-on-chip assists automakers in improving the driver's seat experience by enhancing safety and comfort. Automotive System-On-Chip integrates functions such as sensing, regulating, and actuating a motor in a vehicle. This saves room and resources, improves overall device efficiency with diagnostic features, and lowers overall costs due to the reduced number of components. The primary factors driving the growth of the automotive system-on-chip market are the growing adoption of the Internet of Things, technological advances and continuous research and development in the automobile industry, and the development of advanced system-on-chips.This growth is primarily driven by Rising Vehicle Production Worldwide
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arm Holdings (United Kingdom), Renesas Electronics (Japan), Infineon Technologies (Germany), Qualcomm Inc. (United States), STMicroelectronics N.V (Switzerland), Toshiba Corporation (Japan), MediaTek Inc. (Taiwan), Samsung Electronics (South Korea), NXP Semiconductor NV (Netherlands), Infineon Technologies AG (Germany), Texas Instruments, Inc. (United States), Robert Bosch GmbH (Germany), STMicroelectronics NV (Switzerland) and ON Semiconductor Corp. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
March 2019, Renesas Electronics Corporation, a major supplier of advanced semiconductor solutions, and Integrated Device Technology, Inc., a major supplier of analog mixed-signal products including sensors, connectivity and wireless power, today jointly announce the successful completion of Renesas I did. Together with IDT, Renesas offers an even broader range of cutting-edge technologies and embedded solutions, combining IDT's RF, high-performance timing, memory interfaces, real-time interconnects, optical interconnects, wireless power, and smart sensors. Uses Renesas microcontrollers, system-on-chip, and power management ICs.
September 2020 – Chip designer Arm Holdings announced the launch of a new set of solutions for autonomous systems for both automotive and industrial use cases. These include the Arm Cortex-A78AE high-performance CPU, the Mali-G78AE GPU and the Arm Mali-C71AE image signal processor.The market is highly competitive With several Global and local players present in the market. The major players are trying various Strategies like product innovation and using various technologies to get a competitive advantage. They are also using various marketing techniques to promote their Products
Influencing Trend:
Rising Adoption of Internet-Of-Things for Automotive
Market Growth Drivers:
Rising Vehicle Production Worldwide, Increase in the Use of Electronics in Vehicles and Growing Demand for Advanced Safety, Convenience, and Comfort Systems
Challenges:
Fast technological Changes, Continuous Optimization of Component Size and Several Players in the market, Hence High Competition
Restraints:
High Operational Cost of System-On-Chips
Opportunities:
Technological Advancements and Continuous Research and Development in Automobile Industry and Increasing Demand of Computing Devices and Miniature Consumer Electronics Globally
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive System on Chip Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive System on Chip Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive System on Chip players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive System on Chip Study Sheds Light on
The Automotive System on Chip Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive System on Chip industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive System on Chip industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.