Global Automotive Chip market is expected to reach USD 60.82 Billion by 2030, at a CAGR of 10.8% from 2021 to 2030. The growing demand for these chips in smart vehicles for data networking, as well as increased awareness regarding passenger safety and security, are projected to drive market expansion globally.
Automotive chips are used to monitor and regulate a variety of tasks in a vehicle. These chips use algorithms to solve a variety of tasks, making driving considerably easier for the driver. One of the important factors driving market expansion is the demand for enhanced automobile connectivity chips, which allow high-capacity data networking, as well as new-generation smart automobiles that improve driver safety. These chips use calculations to explain various assignments, making the driver's driving environment substantially less demanding. There are five various types of automobile chips or integrated circuits (ICs), including general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs, and blaze. Universally usable rationale ICs support PC fields and data gear where better performance is required with a variety of power supply voltages, abilities, and capacities.
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The demand for passenger automobiles has increased in line with the expansion in vehicle production. This is one of the primary factors propelling the automotive chip industry forward. The need for engine control units (ECU) in automobiles has been steadily increasing as the requirement for vehicle safety has grown. As the number of electric and hybrid cars on the road grows, so does the use of automotive chips in these vehicles.
The market for automotive chips is increasing as people become more aware of energy-efficient lighting systems and as luxury automobiles with navigation and infotainment systems become more popular. Over the next few years, the predicted development and commercialization of fully automated vehicles, such as driverless taxis, is expected to boost market income. A distinctive driving component for the car chip industry is the increased production of automobiles and a growth in interest for traveller vehicles.
The market for automotive chips is expected to rise due to concerns about the safety of the driver and passengers in the event of an accident. These chips also improve vehicle security systems like anti-theft, smart keys, automotive vehicle location, and anti-hijack systems.
The automobile chip, like any other electronic component, can develop flaws or fail. This could be a major reason for the market's stagnation. These chips may fail or suffer a major fault because of high current leakage, resulting in system failure. This could have an impact on the global automotive chip market.
The industry is expected to benefit from rising awareness of shared connectivity and mobility, as well as rising demand for completely autonomous automobiles and automatic parking. Other factors driving the product's growth in the automotive industry include a growing preference for comfort and safety features, rising sales of ultra-luxury vehicles, and other technological developments. Apart from these reasons, the market is projected to be driven by rising sales of high-end and middle-segment vehicles.
Despite the several factors that contribute to the growth of the automotive chip industry, the market may face a few hurdles throughout the forecast period. The automobile industry is experiencing a severe scarcity of chips because of the COVID-19 pandemic. As a result, the price of automotive chip-based products or automobiles will rise in line with demand. The automotive chip industry is being faced with a major challenge.The ongoing COVID-19 epidemic has had a negative impact on the global automotive chip market. The use of automobiles has decreased because of the imposition of lockdown and travel restrictions. Because most the market's big players are based in China, their international supply chain has been hampered. Furthermore, market growth has been hampered by a drop in demand for smart and premium automobiles because of economic uncertainty.
The global automotive chip market has been segmented based on component type, vehicle type, application type and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region emerged as the largest market for the global Automotive Chip market with a 34.8%share of the market revenue in 2020.
Asia Pacific Region Automotive Chip Market Share in 2020 - 34.8%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global automotive chip industry.
To enhance its systems for innovative technologies, Infineon Technologies AG teamed up with Denso Corporation, a supplier of advanced automotive technology, components, and systems. The company also intends to develop semiconductor solutions for in-vehicle electronic systems.
AQUANTIA CORPORATION and NVIDIA CORPORATION, for example, are focusing on developing high networking capacity and large processing power chips for completely autonomous vehicles.
As per The Brainy Insights, the size of the automotive chip market was valued at USD 21.81 Billion in 2020 to USD 60.82 Billion by 2030.
Global automotive chip market is growing at a CAGR of 10.8% during the forecast period 2021-2030.
The global automotive chip market has been segmented based on vehicle type, component type, application type, and regions. The logic ICs segment in the component is predicted to achieve a significant valuation by 2030.
Asia Pacific region emerged as the largest market for the automotive chip.
The market's growth will be influenced by increasing demand for passenger vehicles.
Operational failures risk could hamper the market growth.
Increasing public awareness of shared connectivity and mobility will provide 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 ByVehicle Type
4.3.2. Market Attractiveness Analysis ByComponent Type
4.3.3. Market Attractiveness Analysis ByApplication Type
4.3.4. 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 passenger vehicles
5.2.2. An increase in public awareness of energy-efficient lighting systems
5.2.3. Concerns about the safety of both the driver and the passengers
5.3. Restraints
5.3.1. Operational failures risk
5.4. Opportunities
5.4.1. Increasing public awareness of shared connectivity and mobility
5.5. Challenges
5.5.1. COVID-19 impact
6. Global Automotive Chip Market Analysis and Forecast, By Vehicle Type
6.1. Segment Overview
6.2. Passenger Vehicles
6.3. Commercial Vehicles
7. Global Automotive Chip Market Analysis and Forecast, By Component Type
7.1. Segment Overview
7.2. Analog IC
7.3. Logic ICs
7.4. Microcontrollers & Microprocessors
7.5. Memory
8. Global Automotive Chip Market Analysis and Forecast, By Application Type
8.1. Segment Overview
8.2. Safety
8.3. Powertrain
8.4. Body electronics
8.5. Telematics and Infotainment
8.6. Chassis
9. Global Automotive Chip MarketAnalysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Automotive Chip Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Automotive Chip Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Component Type Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Infineon Technologies AG
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Type Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Microchip Technology Incorporated
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Type Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Micron Technology, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Type Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. NVIDIA CORPORATION
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Type Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. NXP Semiconductors
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Type Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Robert Bosch GmbH
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Type Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. STMicroelectronics N.V.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Type Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Texas Instruments Incorporated
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Type Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
List of Table
1. Global Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
2. Global Passenger Vehicles Automotive Chip Market, By Region, 2018-2030 (USD Billion)
3. Global Commercial Vehicles Automotive Chip Market, By Region, 2018-2030 (USD Billion)
4. Global Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
5. Global Analog ICAutomotive Chip Market, By Region, 2018-2030 (USD Billion)
6. Global Logic ICsAutomotive Chip Market, By Region, 2018-2030 (USD Billion)
7. Global Microcontrollers & Microprocessors Automotive Chip Market, By Region, 2018-2030 (USD Billion)
8. Global Memory Automotive ChipMarket, By Region, 2018-2030 (USD Billion)
9. Global Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
10. Global Safety Automotive Chip Market, By Region, 2018-2030 (USD Billion)
11. Global Powertrain Automotive Chip Market, By Region, 2018-2030 (USD Billion)
12. Global Body electronics automotive Chip Market, By Region, 2018-2030 (USD Billion)
13. Global Telematics and Infotainment Automotive Chip Market, By Region, 2018-2030 (USD Billion)
14. Global Chassis Automotive Chip Market, By Region, 2018-2030 (USD Billion)
15. Global Automotive Chip Market, By Region, 2018-2030 (USD Billion)
16. North America Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
17. North America Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
18. North America Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
19. U.S. Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
20. U.S. Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
21. U.S. Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
22. Canada Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
23. Canada Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
24. Canada Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
25. Mexico Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
26. Mexico Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
27. Mexico Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
28. Europe Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
29. Europe Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
30. Europe Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
31. Germany Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
32. Germany Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
33. Germany Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
34. France Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
35. France Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
36. France Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
37. U.K. Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
38. U.K. Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
39. U.K. Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
40. Italy Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
41. Italy Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
42. Italy Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
43. Spain Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
44. Spain Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
45. Spain Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
46. Asia Pacific Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
47. Asia Pacific Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
48. Asia Pacific Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
49. Japan Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
50. Japan Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
51. Japan Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
52. China Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
53. China Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
54. China Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
55. India Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
56. India Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
57. India Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
58. South America Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
59. South America Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
60. South America Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
61. Brazil Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
62. Brazil Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
63. Brazil Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
64. Middle East and Africa Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
65. Middle East and Africa Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
66. Middle East and Africa Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
67. UAE Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
68. UAE Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
69. UAE Automotive Chip Market, By Application Type, 2018-2030 (USD Billion)
70. South Africa Automotive Chip Market, By Vehicle Type, 2018-2030 (USD Billion)
71. South Africa Automotive Chip Market, By Component Type, 2018-2030 (USD Billion)
72. South Africa Automotive Chip Market, By Application Type, 2018-2030 (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 Vehicle Type
9. Global Automotive Chip Market Attractiveness Analysis By Component Type
10. Global Automotive Chip Market Attractiveness Analysis By Application Type
11. Global Automotive Chip Market Attractiveness Analysis By Region
12. Global Automotive Chip Market: Dynamics
13. Global Automotive Chip Market Share by Vehicle Type (2020 & 2030)
14. Global Automotive Chip Market Share by Component Type (2020 & 2030)
15. Global Automotive Chip Market Share by Application Type (2020 & 2030)
16. Global Automotive Chip Market Share by Regions (2020 & 2030)
17. Global Automotive Chip Market Share by Company (2020)
This study forecasts revenue at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global Automotive Chip market based on below-mentioned segments:
Global Automotive Chip Market by Component Type:
Global Automotive ChipMarket by Vehicle Type:
Global Automotive ChipMarket by Application Type:
Global Automotive Chip Market by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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