Automotive Chip Market Overview with Detailed Analysis, Competitive landscape, Demand and Trends Forecast to 2028

Automotive Chip Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Logic ICs, Analog ICs, Microcontrollers and Microprocessors, Memory); Vehicle Type (Passenger Cars, Commercial Vehicles); Application (Chassis, Powertrain, Safety System, Body Electronics, Telematics and Infotainment) and Geography"

Automotive chips are used for monitoring and controlling various functions in the vehicles. Growing demand for enhanced connectivity chip that provides high capacity data networking, hence driving the growth of the automotive chip market. The growing demand for the vehicle led to the Increasing production of vehicles that propels the growth of the automotive chip market. Autonomous vehicles, e-mobility, advanced security and high connectivity are some of the factors that are accelerating the growth of the automotive chip market.

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Companies Profiled in this report includes: Infineon Technologies AG,  Maxim Integrated,  Microchip Technology Inc.,  NVIDIA Corporation,  NXP Semiconductors,  ROHM CO., LTD.,  Renesas Electronics Corporation,  Robert Bosch GmbH,  STMicroelectronics,  Texas Instruments Incorporated

MARKET SEGMENTATION

  Based on product, the global automotive chip market is segmented into logic ICs, analog ICs, microcontrollers and microprocessors and memory.

  On the basis of vehicle type, the market is segmented into passenger cars and commercial vehicles.

  Based on application, the global automotive chip market is segmented into chasis, powertrain, safety system, body electronics and telematics & infotainment.

MARKET DYNAMICS

Drivers:

  Autonomous vehicles need real-time data processing that required a large number of sensors and high-powered automotive chips, hence growing demand for the automotive chip market.

  Rising requirement for enhanced safety in vehicles is also augmenting the growth of the automotive chip market.

  The growing adoption of electric vehicles across the globe are rising the need for ICs, memory, microprocessor and microcontroller are further boosting the growth of the automotive chip market.

  The development of automatic vehicles, such as driverless cars and connected vehicles, creates lucrative opportunities for the market player of the automotive chip market.

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IMPACT OF COVID-19 ON AUTOMOTIVE CHIP MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

The purposes of this analysis are:

To characterize, portray, and check the Automotive Chip market based on product type, application, and region.

To estimate and inspect the size of the Automotive Chip market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.

To estimate and inspect the Automotive Chip markets at country-level in every region.

To strategically investigate every sub-market about personal development trends and its contribution to the Automotive Chip market.

To look at possibilities in the Automotive Chip market for shareholder by recognizing excessive-growth segments of the market.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.