Automotive Chip Market 2022 Global Leaders Overview, and Industry Share, Size, Trend By 2030
Market Highlights
The global automotive chip market is expected to grow by
approximately 12.87% CAGR 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 the 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% CAGR 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.
Key Players
The key players operating in the global automotive chip
market 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).
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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% CAGR 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% CAGR 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% CAGR 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% CAGR during the forecast period.
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, 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
Continue.......
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