Automotive Chip Market Counting healthy CAGR 12.27% Up to 2030 | by Industry Size, Shares and Revenue | Future Vision Footbridge by MRFR

Automotive Chip Market overview

It is expected that the Automotive Chip Market will hold worth USD 117.76 billion by 2028 and a CAGR of 12.27% during the forecast period 2022 to 2030. The market was valued at USD 33.17 billion in 2021. Automotive chips are used to monitor and control the different functions of an automobile. It uses many algorithms to solve a particular task. Consumers can experience a smooth and easy driving experience to the drivers. Automotive cars can use the chip to handle the navigation and infotainment system. It helps consumers to protect their vehicles by providing an anti-theft system. With the sudden coronavirus outbreak, the market got severely impacted. The impact was mostly due to the disruption in the supply chain, which led to decreases in the demand for commercial vehicles as the non-essential services declined.

The main cause of the supply chain disruption is the chip shortage. But as the situation improves, the market trends and the market will experience change. As the demand for vehicles increases, so are the passenger vehicles, which is the major factor for growth. The need for vehicle safety and increasing demand for engine control units in vehicles is increasing, improving market growth. With the increase of electric and hybrid cars, the market is also rising. As the chip is an electronic component, people can face defects, and it can fail as well, and the system failure can lead to the whole system failure. The increase in the price of chip-based products is the key challenge for the market.

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Automotive Chip Market segmentation

The Automotive Chip Market has some major segmentations segmented by product, application and vehicle type. Based on the Product, the market is segmented into Analog ICs, Microcontrollers & Microprocessors, and Logic ICs. The logic ICs held the largest market share in the forecast period and are expected to grow at the same pace in upcoming years. The Automotive Chip Market is categorised into Body Electronics, Telematics & Infotainment, Powertrain, Safety systems, and Chassis by the segment Application.

The chassis component dominates the market with good market growth during the forecast period. Each segment will have a good market value in the future. Vehicle Type variables are Passenger cars and Commercial Vehicles. Passenger cars will hold the largest market share in the forecast period. Propulsion segment is bifurcated into ICE, BEVs and HEVs. All the market segment contributes to the growth and will propel the market shortly.

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Automotive Chip Regional analysis

The Automotive Chip Market is studied in North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific will dominate the market during the forecast period and reach a value of 26.05 billion in the future. The increasing demand for automotive semiconductor devices is enhancing market growth. In 2017, China was at USD 9,659.5 million; hence, the region propels the market.

Industry news

To Volkswagen, bottlenecks would likely ease towards the end of this year, and by 2023, production can return to 2019 levels next year but still not enough to meet heightened demand for the chips.

Automotive Chip Market Key Players

STMicroelectronics
Infineon Technologies
Toshiba Corporation
ON Semiconductor
Renesas Electronics
Robert Bosch GmbH
NXP Semiconductors
Texas Instruments Incorporated
ROHM Semiconductor
Denso Corporation
Automotive Chip Market Segmentation

By Application

Telematics And Infotainment
Chassis
Powertrain
Body Electronics
Safety System
By Propulsion

Be Vs
Ice
He Vs
By Product

Logic I Cs
Microcontrollers And Microprocessors
Analog I Cs
Memory
By Vehicle Type

Commercial Vehicle
Passenger Car

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

5.1.4 Threat Of Substitutes 34

5.1.5 Rivalry 34

5.2 Supply Chain Analysis 34

5.2.1 Design And Development 35

5.2.2 Raw Material/Component Supply 35

5.2.3 Manufacturing 35

5.2.4 Supply And Distribution 36

5.2.5 End-Use 36

5.3 Technology Trends 36

5.3.1 Advanced Automotive Systems With 3D NAND Flash Drive 36

5.3.2 Packaging Chip For Automotive 36

5.4 Patent Trends 37

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