Automotive Chip Market: Industry Analysis and Forecast 2021-2027: By Component Type, Vehicle Type, Application, and Region

Automotive Chip Market is anticipated to reach US$ 48.38 Bn. by 2027 from US$ 23.75 Bn. in 2020 at a CAGR of 10.7 % during a forecast period. Automotive chips are used to monitor and regulate many functions of a car. These chips use computations to explain various assignments, making the driving environment far less demanding for the driver. Car chips or integrated circuits (ICs) are divided into five types: general and extraordinary reason logic ICs, microcontrollers, DRAM, simple ICs, and blazing. Universally usable logic ICs support PC fields and data gear where better performance is required with a variety of power supply voltages, capabilities, and capacities. Global Automotive Chip Market To Know About The Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Automotive Chip Market Dynamics

The automobile chip market is being driven by increasing vehicle production and increased interest in passenger automobiles. Additionally, the rising need for improved vehicle safety, tight automobile standards, and growing interest in engine control units (ECU) in automobiles are some of the primary motivating factors propelling the growth of the global automotive chip market. Besides this, growth in the vehicle industry and increasing financing in automotive chip manufacturing companies throughout the world are expected to have a significant influence on the market over the forecast period. Growing sales of hybrid and electric cars are expected to boost the use of automobile parts in these vehicles. Aspects like security and global standards are gaining popularity: As automobiles become more connected, hardware and software systems will become more vulnerable to hacking. If a single vehicle component fails, an avalanche effect may develop. For example, advanced vehicle systems would be unable to receive critical situational awareness information, and integrated vehicle security systems (control braking, acceleration, and crash avoidance, among other things) would be unable to react if car communications were intentionally targeted. As a result, automotive electronics makers are putting a greater emphasis on vehicle safety and dependability than ever before. Two stages of protection are being investigated in order to deter any potential threats.

Automotive Chip Market Segmentation Analysis

By Component Type, The component segment of logic ICs is expected to grow significantly during the forecast period. This can be linked to the increased sales of a variety of ultra-luxury vehicles throughout the world. Likewise, their capacity to use speech recognition to handle navigation and entertainment systems is expected to promote market growth in the future years. Until 2027, the microcontroller and microprocessor component category is expected to have a large proportion of the worldwide market. Analog ICs, on the other hand, are expected to maintain their dominance during the estimated period due to their increasing utilization for boosting premium features in luxury automobiles. By Application, over the forecasted period of 2020 to 2027, the safety application segment is expected to grow at the fastest rate. This increase might be ascribed to the growing awareness of safety and security while driving among the millennial demographic. Besides this, the growing number of laws and regulations aimed at assuring vehicle safety standards is likely to fuel market demand. In 2020, the body electronics segment accounted for more than 25.0 percent of the worldwide market. The telematics and infotainment segment, on the other hand, is expected to grow in popularity as a result of automobile manufacturers' fast technical advancements. Also, market demand is expected to be boosted by the deployment of improved navigation systems in automobiles. Automotive Chip Market Regional Insight In terms of sales, the market in North America was estimated to be worth USD 3.41 billion in 2020. It is also expected to expand significantly in the next years. This is due to the increased desire for personal automobiles among the millennial generation in developed countries such as the United States and Canada. In 2020, Asia Pacific will account for a sizable portion of the worldwide market. This is due to an increase in the number of significant firms operating in countries such as China, Japan, and India. Due to the growing number of luxury automobile manufacturers such as BMW, AUDI, and Porsche, Europe held the second-largest proportion of the worldwide market.

Report Objectives:

• Landscape analysis of the Automotive Chip Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • The potential impact of micro-economic factors on the market • External and Internal factors affecting the market have been analyzed The report also helps in understanding the Automotive Chip Market dynamics, structure by analyzing the market segments project the Automotive Chip Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Chip Market make the report investor’s guide.

Automotive Chip Market Scope: Inquire before buying

Global Automotive Chip Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 23.75 Bn.
Forecast Period 2021 to 2027 CAGR: 10.7 % Market Size in 2027: US $ 48.38 Bn.
Segments Covered: by Component Type • Logic ICS • Analog ICS • Microcontrollers & Microprocessors • Memory
by Vehicle Type • Passenger Vehicles • Commercial Vehicles
by Application • Chassis • Powertrain • Safety • Telematics & Infotainment • Body Electronic

Automotive Chip Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Automotive Chip Market: Key Players

Infineon TechnologiesRenesas Electronics CorporationSTM Microelectronics • Robert Bosch • Texas instruments • NXP Semiconductors • ON Semiconductor • Atmel Corporation • Elmos Semiconductor AG • Maxim Integrated Products • Microchip Technology • AQUANTIA CORP • NVIDIA CORPORATION • Qualcomm Technologies • JET Performance • DiabloSport • Hypertech • Bully Dog • Superchips • Sprint Booster Frequently Asked Questions 1. What is the projected market size & growth rate of the Automotive Chip Market? Ans- Automotive Chip Market was valued at USD 48.38 billion in 2020 and is projected to reach USD 23.75 billion by 2027, growing at a CAGR of 10.7 % during the forecast period. 2. What are the key driving factors for the growth of the Automotive Chip Market? Ans- The automobile chip market is being driven by increasing vehicle production and increased interest in passenger automobiles. 3. Which Region accounted for the largest Automotive Chip Market share? Ans- In terms of sales, the market in North America was estimated to be worth USD 3.41 billion in 2020. 4. What makes the Asia Pacific a Lucrative Market for Automotive Chip Market? Ans- This is due to an increase in the number of significant firms operating in countries such as China, Japan, and India. 5. What are the top players operating in Automotive Chip Market? Ans- Infineon Technologies, Renesas Electronics Corporation, STM Microelectronics, and Robert Bosch.
1. Global Automotive Chip Market: Research Methodology 2. Global Automotive Chip Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Chip Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Chip Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Automotive Chip Market Segmentation 4.1 Global Automotive Chip Market, By Component Type (2020-2027) • Logic ICS • Analog ICS • Microcontrollers & Microprocessors • Memory 4.2 Global Automotive Chip Market, By Vehicle Type (2020-2027) • Passenger Vehicles • Commercial Vehicles 4.3. Global Automotive Chip Market, By Application (2020-2027) • Chassis • Powertrain • Safety • Telematics & Infotainment • Body Electronics 5. North America Automotive Chip Market (2020-2027) 5.1 North American Automotive Chip Market, By Component Type (2020-2027) • Logic ICS • Analog ICS • Microcontrollers & Microprocessors • Memory 5.2 North America Automotive Chip Market, By Vehicle Type (2020-2027) • Passenger Vehicles • Commercial Vehicles 5.3. North America Automotive Chip Market, By Application (2020-2027) • Chassis • Powertrain • Safety • Telematics & Infotainment • Body Electronics 5.4. North America Automotive Chip Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Automotive Chip Market (2020-2027) 6.1. Asia Pacific Automotive Chip Market, By Component Type (2020-2027) 6.2. Asia Pacific Automotive Chip Market, By Vehicle Type (2020-2027) 6.3. Asia Pacific Automotive Chip Market, By Application (2020-2027) 6.4. Asia Pacific Automotive Chip Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Automotive Chip Market (2020-2027) 7.1. Middle East and Africa Automotive Chip Market, By Component Type (2020-2027) 7.2. Middle East and Africa Automotive Chip Market, By Vehicle Type (2020-2027) 7.3. Middle East and Africa Automotive Chip Market, By Application (2020-2027) 7.4. Middle East and Africa Automotive Chip Market, By Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Automotive Chip Market (2020-2027) 8.1. Latin America Automotive Chip Market, By Component Type (2020-2027) 8.2. Latin America Automotive Chip Market, By Vehicle Type (2020-2027) 8.3. Latin America Automotive Chip Market, By Application (2020-2027) 8.4. Latin America Automotive Chip Market, By Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Automotive Chip Market (2020-2027) 9.1. European Automotive Chip Market, By Component Type (2020-2027) 9.2. European Automotive Chip Market, By Vehicle Type (2020-2027) 10.7. European Automotive Chip Market, By Application (2020-2027) 9.4. European Automotive Chip Market, By Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Infineon Technologies 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Infineon Technologies 10.3. Renesas Electronics Corporation 10.4. STM Microelectronics 10.5. Robert Bosch 10.6. Texas instruments 10.7. NXP Semiconductors 10.8. ON Semiconductor 10.9. Atmel Corporation 10.10. Elmos Semiconductor AG 10.11. Maxim Integrated Products 10.12. Microchip Technology 10.13. AQUANTIA CORP 10.14. NVIDIA CORPORATION 10.15. Qualcomm Technologies 10.16. JET Performance 10.17. DiabloSport 10.18. Hypertech 10.19. Bully Dog 10.20. Superchips 10.21. Sprint Booster

About This Report

Report ID 13604
Category Automotive and Transportation
Published Date
Updated Date Feb 2022
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