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Global Automotive SoC Market Set for Growth: Valued at USD 54.50 Bn in 2023, Projected to Reach USD 114.87 Bn by 2034 | Transparency Market Research

The Automotive System-on-Chip (SoC) market is experiencing rapid growth, fueled by the increasing adoption of Advanced Driver Assistance Systems (ADAS), autonomous driving technologies, and electrification in modern vehicles. Automakers are integrating high-performance computing capabilities to support complex functionalities such as real-time data processing, AI-driven decision-making, and vehicle-to-everything (V2X) communication.

Wilmington, Delaware, Transparency Market Research Inc. –, Feb. 05, 2025 (GLOBE NEWSWIRE) — The automotive System-on-Chip (SoC) market was valued at US$54.50 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.7% between 2024 and 2034. By 2034, global sales are expected to : Estimated to expand at a CAGR of 4.4% from 2024 to 2034. The winter tire market has expected to reach a value of US$ 41.2 Bn by the end of 2034.

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