ICV: 2022 Intelligent Cockpit SoC Market Research Report

icv ꄲ Research ꄲ Automotive ꄲ ICV: 2022 Intelligent Cockpit SoC Market Research Report

The automotive industry is experiencing a paradigm shift, driven by the rapid advancement of technology and the increasing demand for smart, connected vehicles. One of the key components at the forefront of this transformation is the Intelligent Cockpit System-on-Chip (SoC). This market research report provides a comprehensive analysis of the Intelligent Cockpit SoC market, including its applications, current state, and key industry players.

Intelligent Cockpit SoC refers to a highly integrated semiconductor device that serves as the central processing unit for the intelligent cockpit system in modern vehicles. It combines various functions and features, such as infotainment, connectivity, and vehicle management, into a single chip, enabling seamless and intelligent operation of the vehicle's cockpit. The applications of Intelligent Cockpit SoCs are diverse and encompass a wide range of functionalities. They enable advanced infotainment systems with high-resolution touchscreens, voice recognition, augmented reality displays, and connectivity features that integrate with smartphones and other devices.

As the market evolves, partnerships, collaborations, and acquisitions between automotive and semiconductor companies are becoming more prevalent, aimed at harnessing synergies and driving innovation. These developments underscore the immense potential and competitiveness within the Intelligent Cockpit SoC market.

In this market research report, we delve into the current state of the Intelligent Cockpit SoC market, its growth prospects, key trends, and challenges. Through a comprehensive analysis of industry players, technological advancements, and market dynamics, we aim to provide valuable insights for stakeholders, decision-makers, and industry participants in navigating this dynamic landscape and capitalizing on emerging opportunities.

The current market for Intelligent Cockpit SoCs is experiencing significant growth and is poised for further expansion in the coming years. The increasing consumer demand for enhanced in-vehicle experiences, connectivity, and safety features is a primary driving force. Moreover, the rise of electric and autonomous vehicles is propelling the need for advanced cockpit systems, further fueling market growth.

In 2022, the global market size of Intelligent Cockpit SoCs reached $3.092 billion, with passenger vehicles at automation level L2 accounting for 46.8% of the market. It is projected that by 2025, the global market size for Intelligent Cockpit SoCs will surpass $5 billion, and by 2027, it will reach $7.703 billion, representing a six-year compound annual growth rate (CAGR) of approximately 14.1%.

The market of Intelligent Cockpit SoC in China was worth $1.486 billion in 2022, it was estimated to grow to $3.523 billion in 2027, resulting at a 6-year CAGR of 15.48%. The European market was the second largest segment, it was worth $803 million in 2022 and is estimated to increase to $1.78 billion in 2027, with a 6-year CAGR of 14.18%.

The market size of Intelligent Cockpit SoC in America was $400 million in 2022, it was estimated to grow to $8.88 billion in 2027, resulting at a 6-year CAGR of 14.22%. The third largest segment is Asia-Pacific region (excluding China), it was worth $686 million in 2022 and is estimated to increase to $1.338 billion in 2027, with a 6-year CAGR of 11.77%.

The Intelligent Cockpit SoC market is highly competitive, the top three suppliers hold nearly 70% of the market share, with both traditional automotive semiconductor vendors and consumer electronic chip vendors playing crucial roles. Established players in the automotive semiconductor industry, such as Renesas, Texas Instruments, NXP Semiconductors, and Infineon Technologies, have a strong presence in this market. Simultaneously, consumer electronic chip vendors like Qualcomm, Intel, NVIDIA, and Huawei are leveraging their expertise in mobile and computing technologies to make significant inroads into the automotive sector.

Table of Contents

Executive Summary

Research Objectives, Scope, and Methodology

1. Introduction

1.1 An overview of Intelligent Cockpit SoC market

1.2 Assumptions

2. Market Trends and Forecasts

2.1 Global market overview

2.2 China

2.3 Europe

2.4 America

2.5 Asia Pacific (excluding China)