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The global automotive chip market was valued at USD 41.91 Billion in 2022 and grew at a CAGR of 10.18% from 2023 to 2032. The market is expected to reach USD 110.49 Billion by 2032. The growth of the automotive chip market can be attributed to the rise in demand for commercial and passenger vehicles equipped with advanced features. With the rising spending on electric vehicles, the demand for automotive chips is also increasing simultaneously.
Processor and controller chips are the most common types of functional chips. An automobile requires electronic and electrical architecture for data processing and information transmission to function on the road. The engine system, infotainment system, body electronic system, automatic driving system, and vehicle motion system are among the primary components of the vehicle control system. Under these systems are numerous sub-function items, each supported by a control system containing a function chip. The automotive chips provide high-density, high-reliability solutions for various applications, including safety systems, informatics, chassis, etc.
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Increasing demand for automotive chips: Automotive chips are the foundation for enabling vehicles to enter the smart age, and automotive smart terminals will become the nerve ends of the smart era. Automotive intelligent chips will be the nerve endings of the electric vehicles. The advent of vehicle electrification and intelligence has led to an increase in both the quantity and cost of automotive chips. By 2030, it is anticipated that the cost of automotive electronics will make up half of the entire cost of the car. The primary control chips, power chips, memory chips, communication and interface chips, and other chips have all developed quickly under the electrification and intelligence trend. The ongoing refinement of autonomous driving fuels the fast expansion of automotive chips, as it is anticipated that new energy cars will require a substantially higher number of different types of chips than traditional automobiles.
Malfunction at higher temperatures: The wide variety in temperatures inside and outside cars is the largest issue with automobile electronics. Lack of cooling can prevent chips from malfunctioning and age too quickly. Performance chips raise emissions, can harm the engine, and can result in misfires when they are exposed to higher temperatures.
Development of autonomous vehicles: According to consumer industry trends, owning a smart autonomous vehicle will become the standard for consumers by 2050. As technology improves, the development of smart chips required for the production of autonomous vehicles has increased. The electric and hybrid vehicles are gradually making their way into the consumer market. Autonomous vehicle technology is likewise progressing at a rapid rate in developed countries. Although there has been significant progress in this area, there is still much to be done regarding technology development. Autonomous vehicle businesses have invested significant money in developing autonomous vehicle technology to commercialize it on a larger scale and tap the developing markers. Automotive chips are significant in autonomous driving's perception module, body electronics, chassis, safety systems, etc.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant automotive chip market, with a 38.10% market revenue share in 2022.
Asia Pacific region will account for the largest market share with revenue growth. The growing number of electric vehicles across the region leads to high demand for automotive chips. Also, many manufacturers now deploy passive and active features in autonomous vehicles, which require automotive chips. The prominent global players have manufacturing bases in regional countries, propelling the market's growth.
Asia Pacific region Automotive Chip Market Share in 2022 - 38.10%
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The product type segment is divided into analog ICS, logic ICS, microcontrollers, sensors, lighting devices, and others. The analog ICS segment dominated the market, with a share of around 38.52% in 2022. The most fundamental circuit part of a larger electronic circuit is an analogue integrated circuit, which is found in most electronic devices. Analogue integrated circuits include sensors, power management circuits, and operational amplifiers. It is utilized for higher power applications and wideband signals with sampling rate constraints.
The fuel type segment is divided into diesel, gasoline and electric or hybrid vehicles. The gasoline segment dominated the market, with a share of around 42.11% in 2022. Approximately one thousand of these vital chips are in automotive gasoline cars. Chips are especially used in the sensors that trigger the life-saving airbag in gasoline cars in the event of a collision.
The vehicle type segment is divided into passenger vehicles, light commercial vehicles and heavy commercial vehicles. The passenger vehicles segment dominated the market, with a share of around 45.25% in 2022. A multitrack vehicle with at least two axles, a driver, and typically four wheels is called a passenger automobile. The majority of passenger cars are utilized for public transportation on public roads. There is a significant amount of chips found in passenger vehicles.
The application segment is divided into safety, body electronics, chassis, telematics and infotainment, powertrain and others. The telematics and infotainment segment dominated the market, with a share of around 36.19% in 2022. A technique that blends informatics and telecommunications is called telematics. The comprehensive and reliable infotainment and telematics solutions are made possible by a wide range of automotive chips, including timing and integrated circuits.
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 41.91 Billion |
| Market size value in 2032 | USD 110.49 Billion |
| CAGR (2023 to 2032) | 10.18% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Fuel Type, Vehicle Type, and Application |
As per The Brainy Insights, the size of the automotive chip market was valued 41.91 billion in 2022 to USD 110.49 Billion by 2032.
Global automotive chip market is growing at a CAGR of 10.18% during the forecast period 2023-2032.
Asia-Pacific region emerged as the largest market for the automotive chip.
The market's growth will be influenced by the growing usage of automotive chip in electric vehicles.
The non-operability at high temperatures can hamper the market growth.
The increasing investment in autonomous vehicles is providing huge opportunities to the market.
Key players are Infineon Technologies AG, Microchip Technology Incorporated, Micron Technology, Inc., NVIDIA CORPORATION, NXP Semiconductors, Robert Bosch GmbH, STMicroelectronics N.V. and Texas Instruments Incorporated.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Fuel Type
4.3.3. Market Attractiveness Analysis by Vehicle Type
4.3.4. Market Attractiveness Analysis by Application
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for automotive chips in electric vehicles
5.3. Restraints
5.3.1. Rising cost of vehicles
5.4. Opportunities
5.4.1. Increasing investment in electric vehicles
5.5. Challenges
5.5.1. Demand supply gap
6. Global Automotive Chip Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Analog ICs
6.3. Logic ICs
6.4. Microcontrollers
6.5. Sensor
6.6. Lighting Devices
6.7. Others
7. Global Automotive Chip Market Analysis and Forecast, By Fuel Type
7.1. Segment Overview
7.2. Diesel
7.3. Gasoline
7.4. Electric or Hybrid Vehicles
8. Global Automotive Chip Market Analysis and Forecast, By Vehicle Type
8.1. Segment Overview
8.2. Passenger Vehicles
8.3. Light Commercial Vehicles
8.4. Heavy Commercial Vehicles
9. Global Automotive Chip Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Safety
9.3. Body Electronics
9.4. Chassis
9.5. Telematics and Infotainment
9.6. Powertrain
9.7. Others
10. Global Automotive Chip Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Automotive Chip Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Automotive Chip Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Renesas Electronics Corporation
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Infineon Technologies AG
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. STMicroelectronics NV.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Texas Instruments Incorporated
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. NXP Semiconductors NV.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Qualcomm Technologies, Inc.
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Broadcom Inc.
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Micron Technology, Inc.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Intel Corporation
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. ROHM Semiconductor
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Samsung Electronics Co., Ltd
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
List of Table
1. Global Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
2. Global Analog ICs, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
3. Global Logic ICs, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
4. Global Microcontrollers, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
5. Global Sensor, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
6. Global Lighting Devices, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
7. Global Others, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
8. Global Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
9. Global Diesel, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
10. Global Gasoline, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
11. Global Electric or Hybrid Vehicles, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
12. Global Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
13. Global Passenger Vehicles, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
14. Global Light Commercial Vehicles, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
15. Global Heavy Commercial Vehicles, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
16. Global Automotive Chip Market, By Application, 2019-2032 (USD Billion)
17. Global Safety, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
18. Global Body Electronics, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
19. Global Chassis, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
20. Global Telematics and Infotainment, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
21. Global Powertrain, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
22. Global Others, Automotive Chip Market, By Region, 2019-2032 (USD Billion)
23. Global Automotive Chip Market, By Region, 2019-2032 (USD Billion)
24. North America Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
25. North America Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
26. North America Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
27. North America Automotive Chip Market, By Application, 2019-2032 (USD Billion)
28. U.S. Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
29. U.S. Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
30. U.S. Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
31. U.S. Automotive Chip Market, By Application, 2019-2032 (USD Billion)
32. Canada Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
33. Canada Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
34. Canada Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
35. Canada Automotive Chip Market, By Application, 2019-2032 (USD Billion)
36. Mexico Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
37. Mexico Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
38. Mexico Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
39. Mexico Automotive Chip Market, By Application, 2019-2032 (USD Billion)
40. Europe Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
41. Europe Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
42. Europe Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
43. Europe Automotive Chip Market, By Application, 2019-2032 (USD Billion)
44. Germany Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
45. Germany Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
46. Germany Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
47. Germany Automotive Chip Market, By Application, 2019-2032 (USD Billion)
48. France Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
49. France Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
50. France Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
51. France Automotive Chip Market, By Application, 2019-2032 (USD Billion)
52. U.K. Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
53. U.K. Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
54. U.K. Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
55. U.K. Automotive Chip Market, By Application, 2019-2032 (USD Billion)
56. Italy Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
57. Italy Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
58. Italy Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
59. Italy Automotive Chip Market, By Application, 2019-2032 (USD Billion)
60. Spain Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
61. Spain Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
62. Spain Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
63. Spain Automotive Chip Market, By Application, 2019-2032 (USD Billion)
64. Asia Pacific Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
65. Asia Pacific Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
66. Asia Pacific Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
67. Asia Pacific Automotive Chip Market, By Application, 2019-2032 (USD Billion)
68. Japan Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
69. Japan Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
70. Japan Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
71. Japan Automotive Chip Market, By Application, 2019-2032 (USD Billion)
72. China Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
73. China Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
74. China Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
75. China Automotive Chip Market, By Application, 2019-2032 (USD Billion)
76. India Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
77. India Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
78. India Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
79. India Automotive Chip Market, By Application, 2019-2032 (USD Billion)
80. South America Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
81. South America Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
82. South America Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
83. South America Automotive Chip Market, By Application, 2019-2032 (USD Billion)
84. Brazil Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
85. Brazil Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
86. Brazil Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
87. BrazilAutomotive Chip Market, By Application, 2019-2032 (USD Billion)
88. Middle East and Africa Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
89. Middle East and Africa Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
90. Middle East and Africa Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
91. Middle East and Africa Automotive Chip Market, By Application, 2019-2032 (USD Billion)
92. UAE Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
93. UAE Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
94. UAE Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
95. UAE Automotive Chip Market, By Application, 2019-2032 (USD Billion)
96. South Africa Automotive Chip Market, By Product Type, 2019-2032 (USD Billion)
97. South Africa Automotive Chip Market, By Fuel Type, 2019-2032 (USD Billion)
98. South Africa Automotive Chip Market, By Vehicle Type, 2019-2032 (USD Billion)
99. South Africa Automotive Chip Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Automotive Chip Market Segmentation
2. Automotive Chip Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Chip Market Attractiveness Analysis by Product Type
9. Global Automotive Chip Market Attractiveness Analysis by Fuel Type
10. Global Automotive Chip Market Attractiveness Analysis by Vehicle Type
11. Global Automotive Chip Market Attractiveness Analysis by Application
12. Global Automotive Chip Market Attractiveness Analysis by Region
13. Global Automotive Chip Market: Dynamics
14. Global Automotive Chip Market Share by Product Type (2022 & 2032)
15. Global Automotive Chip Market Share by Fuel Type (2022 & 2032)
16. Global Automotive Chip Market Share by Vehicle Type (2022 & 2032)
17. Global Automotive Chip Market Share by Application (2022 & 2032)
18. Global Automotive Chip Market Share by Regions (2022 & 2032)
19. Global Automotive Chip Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global automotive chip market based on below mentioned segments:
Global Automotive Chip Market by Product Type:
Global Automotive Chip Market by Fuel Type:
Global Automotive Chip Market by Vehicle Type:
Global Automotive Chip Market by Application:
Global Automotive Chip Market by Region:
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