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North America to Hold Largest Share in the Automotive SoC Market

Press release Description

Albany, New York, January 2, 2019: The automotive SoC market has grown significantly in the last few years owing to its increased demand by several automotive manufacturers in the usage of all vehicles for providing a smooth driving experience to the end-user.

The automotive SoC market is estimated to grow at a value CAGR of around 8% during the forecast period 2018 – 2028. Improving economic conditions worldwide – particularly in the developing countries, adoption of advanced technologies, and changing consumer spending behavior are primary growth influencers of the automotive SoC market.

The aforementioned insights are adopted from the report titled, “Automotive SoC Market: Advanced Driver-assistance Systems (ADAS) Segment Expected to Grow Consistently During the Forecast Period: Global Industry Analysis (2013 – 2017) and Opportunity Assessment (2018 – 2028),” included recently in the extensive repository of Market Research Reports Search Engine’s (MRRSE).

On the basis of region, North America holds the largest share accounting for 30.2% of the automotive SoC market. The status quo is expected to prevail in the coming future. Increase in the implementation of advanced automotive systems such as infotainment systems in the region is expected to drive sales of automotive SoC. Key players in the automotive SoC market are now concentrating on introducing exceptional innovative SoC chips and increasing their sales channel globally.

Automotive SoC Market: Content of the Report

The report begins with the executive summary, introduction, and definition of the product – automotive SoC. Several factors that affect the market growth have been covered in this report. Various macro- and micro-economic factors impacting growth of the automotive SoC market have been covered in this report.

Additionally, key segments recognized in the automotive SoC market have been represented with the help of a taxonomy table. It also provides insights on the adoption and demand trends affecting the automotive SoC market across several regions and countries in the world.

A well-structured process used to collect essential insights that are covered in this market report. Segmentation of the market has been included in the report to offer the readers detailed information about the market.

Automotive SoC Market: Competition Landscape

The primary aim of the competition landscape mentioned in the report is to provide in-depth insights on the strategies of key players present in the automotive SoC market. These details will assist the buyers of the market report to understand the report in detail.

The automotive SoC market provides with detailed descriptions of the key players covering key financial metrics and also the analysis of competition present in the market.

The report also includes key market players that are involved in developing and selling automotive SoC. Additionally, to assist the buyers, important information such as –SWOT analysis, and key growth strategies of the key players are included in the report.

New market players along with the existing players will have an added advantage with the strategies of the key players covered in the final section of the automotive SoC report.

Key vendors of the automotive SoC market are Intel Corporation, NXP Semiconductors, Renesas Electronics Corporation, Infineon Technologies AG, NVIDIA Corporation, NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics, NEC Corporation, ON Semiconductor Corporation, and Qualcomm Technologies, Inc.

Browse Full Global Automotive SoC Market Report with TOC :

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