Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)
The passenger cars segment in the automotive infotainment SoCs market is counted on to exhibit a growth rate of around 65% by the end of 2037. The increasing demand for cars globally with surging technological advancements, and changes in consumer preference owing to urbanization, and digitization is positively affecting the expansion of the segment. The advancements in advanced driver assistance systems (ADAS) with modern technologies are increasing convenience, efficiency, and control over the vehicle environment which is augmenting the demand for cars.
Moreover, the light commercial vehicles segment is further contemplated to bring in the maximum share of market revenue by 2036. The rising trend of shared mobility as well as the growing volume of freight transport is driving the sales of commercial vehicles worldwide. It was observed that more than 12 million units of commercial vehicles were sold in the United States in 2021.
Application (e-Cockpit, Head Unit, Sound System)
The e-cockpit segment is foreseen to hold a significant revenue rate amongst all other applications. The uptrend of intelligent vehicles with increased connectivity of individual components for a holistic human-machine dialogue is driving forward the segment growth. E-cockpit uses AI and audio/video to deliver a revolutionary experience and smart vision technology enables the e-cockpit to provide real-time security notifications and intelligent AR navigation.
Our in-depth analysis of the automotive infotainment SoCs market includes the following segments:
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Author Credits: Saima Khursheed
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