Automotive Infotainment SoCs Market size was over USD 17.25 Billion in 2023 and is projected to reach USD 45.79 Billion by the end of 2036, witnessing around 7.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive infotainment socs is assessed at USD 18.46 Billion. The innovation in infotainment systems in vehicles with growing technological advancement in the automobile industry ecosystem is estimated to boost market growth.
According to our research, it is found that more than 1.5 million vehicle crashes occur every year due to the use of a phone while driving. Hence, the increasing emphasis on vehicular safety is anticipated to expand the demand for these SOCs as the infotainment system improves vehicle safety and enhances the in-vehicle user experience by enabling the navigation, radio, sensors, multimedia, and Internet-based applications to be controlled centrally.
Author Credits: Saima Khursheed
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