Automotive Infotainment SoC Market to Hit $18B by 2028


Reading time ( words)

The global market for automotive infotainment SoCs is projected to exhibit a CAGR of 6.9% from 2018 to 2028. The market was worth $9.035 billion in 2017 and is expected to touch a valuation of $18.486 billion by the end of 2028.

In order to stay competent in the market and also retain their position, the companies are looking forwards to make long-term contracts business partnerships with other leading companies in order to increase their business revenue and also come up with new innovation strategies or reaching out to new potential customers. A leading company operating in the market, Texas Instruments Incorporated, introduced two industry's minutest gate driver and power MOSFET solutions for motor control. CSD88584/99 NexFET Power blocks and DRV832x brushless DC (BLDC) gate drivers, when used together, will reduce size and weight in motor drive application. The DRV832x BLDC gate drivers feature a smart gate drive architecture to 24 components traditionally used to set the gate drive current, and The CSD88584Q5DC and CSD88599Q5DC power blocks leverage two FETs in a unique stacked-die configuration. The other companies in the global automotive infotainment SoCs market are ON Semiconductor Corporation, NVIDIA Corporation, Renesas Electronics Corporation, Qualcomm Technologies, Inc., and Infineon Technologies AG., among several others.

Proliferating Technological Advancements in a Row to Augur Well for Market

The automobile industry is undergoing a Herculean digital makeover, as most of the leading automakers are financing considerable resources in the R&D of vehicle automation to meet the changing demands and to enhance the driving experience of customers. Next-generation automobiles include speech recognition, audio/video sensing, image compatibilities, GPS and radar capabilities, advanced driver assistance, next level security and safety, and IC-integrated LED front lighting. Infotainment system-on-chips have a crucial role in vehicle automation for driving automation, and this is used in automobiles to optimally incorporate various advanced features in vehicles. As a result, various automakers are adopting automotive infotainment system-on chips to provide optimal driving experience to their customers and thereby, encouraging the automotive infotainment SoCs demand.

High Production Costs and Huge Gap in Technological Sophistication to Pose Threat to Market Growth

Adhering to the technological standards of infotainment SoCs is perplexing for most of the core vendors, with the various technological advancements and innovations in the automotive industry and semiconductors coming into view. Automotive infotainment SoCs manufacturers are unremittingly updating and innovating infotainment system-on-chip products in order to stay competitive in the market. However, high production costs of graphite and carbon fibers, silicon carbide, potting compound porous ceramics which comprise the price of substrates, fabrication, and others constitute one of the core dynamics, which are likely to restrain the growth of the global automotive infotainment SoCs market in the near future.

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.



Copyright © 2019 I-Connect007. All rights reserved.