Automotive Communication Chips Market Size, Trends & Forecasts | Valuates Reports

Automotive Communication Chips Market Size

The global market for Automotive Communication Chips was valued at US$ 742 million in the year 2024 and is projected to reach a revised size of US$ 1303 million by 2031, growing at a CAGR of 8.5% during the forecast period.

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Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

North American market for Automotive Communication Chips is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Automotive Communication Chips is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Automotive Communication Chips include Infineon Technologies, NXP Semiconductors, Renesas Electronics, Texas Instruments, STMicroelectronics, onsemi, Microchip, Micron Technology, Analog Devices, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

By Type
• Baseband Chip
• RF Chip
• Channel Chip

By Application
• Passenger Car
• Commercial Car

Key Companies
Infineon Technologies, NXP Semiconductors, Renesas Electronics, Texas Instruments, STMicroelectronics, onsemi, Microchip, Micron Technology, Analog Devices

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This release was published on openPR.