AUTOMOTIVE SOC MARKET

INTRODUCTION

SOC, or the Security Operations Centre for Connected Cars In order to power connected cars and autonomous driving systems, it is designing and fabricating a single integrated circuit with a variety of specialized processing units. A battery's state of charge (SOC), which is stated as a percentage, is a measurement of the energy it has available at any given time.

To satisfy stringent requirements like feature set, performance per Watt, safety, and security all combined on a single chip instead of a PCB, a high-performance, purpose-built SoC or system-in-package (SiP) is required. The auto industry has come to the realization that OEMs and suppliers must take a more active part in the definition of the SoC architecture in order to enable highly automated driving.  

AUTOMOTIVE SOC MARKET SIZE AND FORECAST

The Global automotive soc market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

AUTOMOTIVE SOC MARKET NEW PRODUCT LAUNCH

Launch of the first automotive SoC from TI with an AI Accelerator For the first time, TI has incorporated a specialized AI accelerator into one of its SoCs for the automotive market, a development that exemplifies the expanding use of deep learning in ADAS systems for cars.

The brand-new deep learning building block is built using TI's C7x DSP IP and a matrix multiplication accelerator that was created internally. The TDA4VM, one of the two initial SoCs introduced as a part of the Jacinto 7 series, integrates sensor pre-processing and data analytics designed to handle inputs from 8-megapixel front-mounted camera systems.

The TDA4VM, on the other hand, could manage four to six 3-megapixel cameras working simultaneously in addition to inputs from radar, lidar, and ultrasonic sensors. ADAS, such as automated parking, are made possible by these cameras and sensors. In order to enable techniques like object detection, deep learning can be used to combine data from many sensors.in Germany, at a TI press conference. This is the first SoC with the C7x [DSP] integrated into it.

They added instructions for vectors, which are for computer vision, but they also realized that a lot of the history of DSP usage revolves around things like communication infrastructure, [where the problem is] how they feed a huge amount of data into a SoC or into a math's engine, how they crunch it, and how they get it out. It's quite challenging.The brand-new C7x DSP is an expert at handling massive volumes of data and carrying out challenging real-time math's operations. To enhance deep learning applications, a matrix multiplication accelerator was integrated with the data streaming capacity of the DSP.

They have TIDAL [Texas Instruments Deep Learning], a top layer that abstracts the complexity of the MMA, and they can program me it through that. There are several circumstances in which they may use it with their libraries. But its interaction with the C7x, which enables faster data ingestion and output, is what makes it so beautiful.The TDA4VM is for ADAS systems ranging in power from 5 to 20W. Front camera systems normally have a power budget of less than 7W, according to Wasson, but the same SoC is also suitable for more complex systems like automatic valet parking, which might have a power budget closer to 20W.

The use of a high-tech SoC like this one can actually lower system cost for applications like front camera systems, according to TI's marketing strategy. They might not need dual cameras if they have the appropriate deep learning; they could accomplish the same task using a less expensive, lower-quality lens.Therefore, the cost is substantially lower for an OEM or Tier 1, but they still have the engine, which [essentially] makes up for it by improving their performance.

The TDA4VM's deep learning engine can do up to 8 TOPS. Future devices will range both above and below it; as the initial component of the Jacinto 7 series, it is designed to be a mid-range component in terms of computational power. Future parts with, say, 2 TOPS could be beneficial for less computationally intensive functions like driver monitoring or occupancy detection.

One of the wonderful things about the automotive market is that all of these use-cases coexist. Even when an OEM releases a completely new, updated platform, there are many car lines on the same platform, and they all coexist. The largest problem then arises from how to achieve software compatibility if they build the most scalable platform and scale the SoC with various use cases.

Now that they have provided a blank canvas for them to work with, they must figure out how to make it such that it is compatible with existing software. A deep learning accelerator for ADAS features built into the TDA4VM uses data from cameras, radar, lidar, and ultrasound to analyze the environment. Compared to a phone manufacturer, who produces a few models and ships tens of millions of units, they must amortize that development expense over a very limited number of cars. There are already development kits and prototype devices for the TDA4VM available.

AUTOMOTIVE SOC MARKETGEOGRAPHY OVERVIEW

North America 

The North American market, particularly the USA, will be one of the prime markets for (Automotive SoC Market) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period.

Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. 

Europe 

The European market, particularly Western Europe, is another prime market for (Automotive SoC Market) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Automotive SoC Market) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. 

Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. 

There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Automotive SoC Market) in the region. 

Asia 

Asia will continue to be the global manufacturing hub for (Automotive SoC Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.    

There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon. 

Africa 

Africa is expected to see the largest growth in (Automotive SoC Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand.

This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. 

RoW 

Latin America and the Oceania region will showcase growth over the forecast period in (Automotive SoC Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. 

AUTOMOTIVE SOC MARKETMARGIN COMPARISON

AUTOMOTIVE SOC MARKETINNOVATION INVESTMENTS BY REGION

USA– $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region. 

Europe– EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments. 

Asia– There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia. 

Africa– Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing. 

Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region. 

Rest of the World– The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand. 

THIS AUTOMOTIVE SOC MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many automotive soc are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global automotive soc and key vendor selection criteria
3. Where is the automotive soc manufactured? What is the average margin per unit?
4. Market share of Global automotive soc market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global automotive soc in-house
6. key predictions for next 5 years in Global automotive soc market
7. Average B-2-B automotive soc market price in all segments
8. Latest trends in automotive soc market, by every market segment
9. The market size (both volume and value) of the automotive soc market in 2024-2030 and every year in between?
10. Production breakup of automotive soc market, by suppliers and their OEM relationship