Automotive Chip Market Growth, Trends, Share, Size, Forecast to 2027Posted by Ajit on April 26th, 2021 AutomotiveChip Industry Highlights: Automotive chips are mounted ona vehicle to ensure the smooth functioning of body electronics, telematics andinfotainment, powertrain, and chassis and safety systems. These chips areemployed in a vehicle to cater to automotive applications, such as blind spotdetection, advanced driving assistance system, lane-change assistance, andparking assistance. The factors that influence the demand for automotive chipare automotive-semiconductor sales growth, a booming automotive industrycoupled with the increasing registration of new cars, and stringent governmentregulations regarding automotive safety and emission. On the other hand, themajor opportunities in the market are the increasing sales of hybrid andelectric vehicles and the growing presence of auto-manufacturers in emergingeconomies. The risk of operational failures might restrain the market growth. The global automotive chip marketgrowth is estimated to register 12.87% CAGRduring the forecast period, 2018–2023. In 2017, the market was led byAsia-Pacific with a 51.8% share, followed by Europe and North America withshares of 23.6% and 17.9%, respectively. The global automotive chipmarket has been segmented based on product, application, vehicle type,propulsion, and region. On the basis of product, the analog IC segmentaccounted for the largest market share of 42.4% in 2017, with a market value ofUSD 14,947.3 million; it is projected to register 15.93% CAGR during theforecast period. On the basis of application, the body electronics segmentaccounted for the larger market share of 27.4% in 2017, with a market value ofUSD 9,660.9 million; it is projected to witness 12.24% CAGR during the forecastperiod. On the basis of vehicle type, the passenger car segment accounted forthe larger market share of 71.2% in 2017, with a market value of USD 25,132.7million; it is projected to exhibit 12.32% CAGR during the forecast period. Onthe basis of propulsion, the ICE vehicle segment accounted for the largermarket share of 95.57% in 2017, with a market value of USD 34,072.2 million; itis projected to exhibit 12.67% CAGR during the forecast period. The global automotive chipmarket is expected to grow by approximately 12.87% CAGR during the forecastperiod.
Asia-Pacific heldthe largest market share in the global automotive chip market. Asia-Pacific is the prime hubfor automobile manufacturers, owing to the growth of the automotive sector inChina, Japan, and India. The automotive sector is a major contributor to theGDP of these countries. The growing demand for automotive semiconductordevices, especially for luxury and premium cars is expected to increase theneed for automotive chips during the forecast period. Moreover, the establishedplayers in the region are investing more to develop innovative products andenhance existing products, which opens new opportunities for global automotivemanufacturers. Europe is expected to be the second largest market duringthe forecast period, owing to the increasing demand for system-on-chip (SoC)systems in vehicles and the cooperation between OEMs, tier one automotivemanufacturers, and integrated circuit (IC) manufacturers.
This report provides anin-depth analysis of the global automotive chip market, tracking four marketsegments across four geographic regions. The report studies key players,providing a five-year annual automotive chip market trend analysis thathighlights market size, and share for North America, Asia-Pacific (APAC),Europe, the Middle East & Africa, and the rest of the world . The reportalso provides a forecast, focusing on the market opportunities for the nextfive years for each region. The scope of the study segments the globalautomotive chip market by its type, rated current, end-use, and by region. Analog ICs Microcontrollers & Microprocessors Logic ICs Others By Application Telematics & Infotainment Powertrain Safety System Chassis By Vehicle Type Commercial Vehicle By Propulsion BEVs HEVs By Region Mexico Canada Europe UK France Italy Rest of Europe Asia-Pacific Japan India Rest of Asia-Pacific Rest of the World Middle East & Africa KeyPlayers The key players operating inthe global automotive chip market are Robert Bosch GmbH (Germany), ONSemiconductor (US), STMicroelectronics (Switzerland), Infineon Technologies AG(Germany), Renesas Electronics Corporation (Japan), Toshiba Corporation(Japan), Texas Instruments Incorporated (US), NXP Semiconductors (Netherlands),ROHM Semiconductor (Japan), and Denso Corporation (Japan). Complete Report Here @ https://www.marketresearchfuture.com/reports/automotive-chip-market-7676 AboutMarket Research Future: Market Research Future (MRFR)is a global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects. Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services to reachmanagerial and actionable decisions. ContactUs: Market Research Future Office No. 524/528, AmanoraChambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it! More by this author |