Automotive SoC Market Size Forecast to Reach $16.8 Billion by 2026
The Automotive SoC Market size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip (SoC) for developing highly autonomous cars, integrated with breakthrough cyber security identification, monitor, and investigation systems. The Automotive SoC market is largely driven by the introduction of a plethora of computer-based systems in car, growing popularity of Advanced driving assistance systems, along with the successful launches of electric and hybrid vehicles around the world. The impressive performance of high-end automotive SoCs is influencing the automotive industry to integrate ADAS applications and other tailored artificial intelligence (AI) for enabling operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D mapping and many more. In fact, the potential investment towards modern-age smart cars & vehicles, with integrated circuit sol...