North America Market Forecast
North America industry is estimated to hold largest revenue share of 35% by 2037, The rise in the demand for high-end vehicles, including luxury cars, supercars, and others specifically in the USA, California, and Florida are expected to propel the regional market demand. Recently, in February 2023, the luxury brand sales in overall sales of vehicles hiked to around 20%.
APAC Market Statistics
The Asia Pacific automotive infotainment SoCs market is slated to register a nearly 24% growth rate by 2036. The existence of a strong automobile network in the region and the rising penetration of smart vehicles in emerging economies such as China and India are contributing to the market growth in the region. In the year 2022, of all smart vehicles of different levels of automation sold so far worldwide, around 55% were sold in China.
Author Credits: Saima Khursheed
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