Automotive Chip Market | Size, Growth Factors, Top Companies, Major Regions, Opportunities and Forecast Study by 2030
Research Reports
Dec 07, 2021
Automotive Chip Industry Growth Highlights:
Automotive Chip Market growing at exponential CAGR of 9% during the forecast period.
Automotive chips are mounted on a vehicle to ensure the smooth functioning of body electronics, telematics and infotainment, powertrain, and chassis and safety systems. These chips are employed in a vehicle to cater to automotive applications, such as blind spot detection, advanced driving assistance system, lane-change assistance, and parking assistance. The factors that influence the demand for automotive chip are automotive-semiconductor sales growth, a booming automotive industry coupled with the increasing registration of new cars, and stringent government regulations regarding automotive safety and emission. On the other hand, the major opportunities in the market are the increasing sales of hybrid and electric vehicles and the growing presence of auto-manufacturers in emerging economies. The risk of operational failures might restrain the market growth.
The global automotive chip market is estimated to register 12.87?GR during the forecast period, 2018–2023. In 2017, the market was led by Asia-Pacific with a 51.8% share, followed by Europe and North America with shares of 23.6% and 17.9%, respectively.
The global automotive chip market has been segmented based on product, application, vehicle type, propulsion, and region. On the basis of product, the analog IC segment accounted for the largest market share of 42.4% in 2017, with a market value of USD 14,947.3 million; it is projected to register 15.93?GR during the forecast period. On the basis of application, the body electronics segment accounted for the larger market share of 27.4% in 2017, with a market value of USD 9,660.9 million; it is projected to witness 12.24?GR during the forecast period. On the basis of vehicle type, the passenger car segment accounted for the larger market share of 71.2% in 2017, with a market value of USD 25,132.7 million; it is projected to exhibit 12.32?GR during the forecast period. On the basis of propulsion, the ICE vehicle segment accounted for the larger market share of 95.57% in 2017, with a market value of USD 34,072.2 million; it is projected to exhibit 12.67?GR during the forecast period.
Key Players
The key players operating in the global automotive chip market share are Robert Bosch GmbH (Germany), ON Semiconductor (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).
Get Free Sample pdf @https://www.marketresearchfuture.com/sample_request/7676
Market Research Analysis
Asia-Pacific held the largest market share in the global automotive chip market.
Asia-Pacific is the prime hub for automobile manufacturers, owing to the growth of the automotive sector in China, Japan, and India. The automotive sector is a major contributor to the GDP of these countries. The growing demand for automotive semiconductor devices, especially for luxury and premium cars is expected to increase the need for automotive chips during the forecast period. Moreover, the established players in the region are investing more to develop innovative products and enhance existing products, which opens new opportunities for global automotive manufacturers. Europe is expected to be the second largest market during the forecast period, owing to the increasing demand for system-on-chip (SoC) systems in vehicles and the cooperation between OEMs, tier one automotive manufacturers, and integrated circuit (IC) manufacturers.
Scope of the Report
This report provides an in-depth analysis of the global automotive chip market growth, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and the rest of the world . The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive chip market by its type, rated current, end-use, and by region.
By Product
Analog ICs
Microcontrollers & Microprocessors
Logic ICs
Others
By Application
Body Electronics
Telematics & Infotainment
Powertrain
Safety System
Chassis
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion
ICE
BEVs
HEVs
By Region
North America
US
Mexico
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
Browse complete report @ https://www.marketresearchfuture.com/reports/automotive-chip-market-7676
Table Of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 List Of Assumptions 18
2.4 Market Structure 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 22
3.5 Forecast Model 23
4 Market Dynamics
4.1 Introduction 25
4.2 Drivers 26
4.2.1 Increased Automotive-Semiconductor Sales 26
4.2.2 Booming Automotive Industry Coupled With The Increasing Registration Of New Cars 27
4.2.3 Stringent Government Regulations On Automotive Safety And Reducing Vehicle Emission 28
4.2.4 Driver Impact Analysis 28
4.3 Restraint 29
4.3.1 Risk Of Operational Failures 29
4.3.2 Restraint Impact Analysis 29
4.4 Opportunities 29
4.4.1 Increased Sales Of Hybrid And Electric Vehicle 29
4.4.2 Increasing Auto-Manufacturers In The Emerging Economies 31
5 Market Factor Analysis
5.1 Porter’s Five Forces Model 33
5.1.1 Threat Of New Entrants 33
5.1.2 Bargaining Power Of Suppliers 34
5.1.3 Bargaining Power Of Buyers 34
Continued………
Ask for your specific company profile and country level customization on reports.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Also Read More From MRFR:
Automotive Cleaner & Degreaser Market Research Report – Forecast to 2030
Automotive Upholstery Market Research Report – Forecast to 2030
Automotive Connecting Rod Market Research Report – Forecast to 2030
Low-Speed Vehicle (LSV) Market Research Report- Forecast 2030
Off the Road Tire Market Research Report – Global Forecast till 2030
Automotive Braking System Market Research Report – Global Forecast till 2030
Automotive Radiator Fan Market Research Report – Global Forecast till 2030
Automotive Brake Fluid Market Research Report – Global Forecast till 2030
Automotive Structural Sheet Metal Market Research Report – Global Forecast to 2030
Tags:
PR-Wirein, Menafn, Wire, Research Newswire, English