Future Market Insights has announced the addition of the “Automotive Infotainment SoCs Market to Flourish with an Impressive CAGR During 2017 - 2027" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 01/30/2018 -- The technological advancement in consumer electronics market is one the factor which is playing an important role in growth of automotive market. Technology plays an important role in the development of Automotive Infotainment SoCs market and especially with the innovation of Internet of Things, Automotive Infotainment SoCs market is witnessing the rapid growth. Infotainment SoCs is used in automotive grade devices for car radio applications and display audio systems. The features such as high-definition navigation, real time voice control and other advanced features to provide enhanced connected user experience, are supporting the adoption of Automotive Infotainment SoCs.
A SoC (System-on-a-chip) is a microchip combines the necessary electronics circuits of various computer components onto a single Integrated circuit or IC. SoCs includes both the hardware and software and it uses less power and less space and has better performance. Automotive Infotainment SoCs are used to offer connected car experience and to meet the reliability requirements of the automotive industry.
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Automotive Infotainment SoCs market: Drivers and Challenges
The increasing demand of integrated dashboard and information devices is fueling the growth of Automotive Infotainment SoCs market. Also, the wide range of navigational and multimedia features which offers higher levels of awareness, security, performance and entertainment in vehicle, is one of the factor which is fueling the growth of Automotive Infotainment SoCs market. Moreover, the enhancement of smart technology and distributed application will increase the demand for Automotive Infotainment SoCs market.
The high cost of Automotive Infotainment SoCs is the major factor which may hinders the growth of Automotive Infotainment SoCs market in near future.
Automotive Infotainment SoCs market: Segmentation
Segmentation of Automotive Infotainment SoCs market on the basis of Vehicle type:
Automotive Infotainment SoCs market: Recent Developments and Competition dashboard
In August 2017 Renesas Electronics Corporation, a Japanese semiconductor manufacturing company, launched R-car system-on-chip incorporating Automotive Grade Linux based software in order to develop automotive applications and to move automakers closer to the realization of connected cars.
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The key market players in Automotive Infotainment SoCs market include Texas Instruments, NXP Semiconductors, ST microelectronics, congatec AG, Renesas Electronocs Corporation, Kontron AG, MSC Technologies, AAEON, Advantech Co., Ltd., Toradex Systems, EMAC Inc., Arrow Electronics, Inc. and others
Automotive Infotainment SoCs market: Regional Overview
On geographic basis, North America is anticipated to be the fastest growing and largest market for Automotive Infotainment SoCs market, owing to the rapid advancement of technology in the region and the high adoption of luxury vehicles in the region. Also, the Automotive Infotainment market Europe and APAC is anticipated to create the higher growth opportunities due to rapid development in technology and presence of various key players in the region.
Latin America also offers potential growth opportunities in Automotive Infotainment SoCs market due to rise in digital technologies in the region.