Automotive Computer Chips Market: Trends & Opportunities with Forecast 2025
Wires, switches, controlled motors and relays were the key constituents; however, now, automotive electrical systems include sensors, alternators, actuators, battery, generator, oxygen sensors, starter drive, high power electrical systems, starter solenoid and other devices. One of the first uses of a computer in an automobile was for the engine control unit.
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Automotive manufacturers around the world began to use early versions of computer systems to perform only one particular function. However, in 1968, Volkswagen presented the first electronic fuel injection (EFI) system controlled by computers. The system was manufactured by Bosch. Computer chips in automobiles since then have become an integral part of an automobile design. Presently, almost all car manufacturers use computer chips in one or multiple parts of the vehicles they produce.
One of the primary drivers of the global automotive computer chips market is the introduction of self-drive cars. Manufacturers around the world are introducing technologically advanced computer chips for these cars. For instance, NVIDIA introduced a single-processor structure of DRIVE PX 2 for self-drive cars.
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The functionality of DRIVE PX 2 include HD mapping and automated highway driving while consuming only 10 watts of power. Moreover, it empowers vehicles to utilize deep neural networks in order to gather and process data from several sensors and cameras. Technological advancements as well as the increasing popularity of self-drive cars is likely to encourage the growth of the automotive computer chips market during the forecast period.
Increased inclusion of electrical and computer systems such as sensors, actuators, and displays in automobiles along with other functionalities such as drive control and engine control in which automotive computer chips are used, is likely to fuel the overall automotive computer chips market for automotive computer chips during the forecast period.
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The global automotive computer chips market is segregated by application and geography. By application, the market is divided into electronic engine control (EEC), electronic fuel injection (EFI), computer controlled transmission, communication module, and others. Electronic engine control accounted for the maximum share in the global automotive computer chips market.
Controlling the engine is a processor-intensive job in automobiles and the electronic engine control is one of the most powerful computers in most automobiles. EEC's have become a regular device in cars since the 1970's when they turned out to be essential due to stringent emission standards. This segment is likely to grow at a significant rate during the forecast period.
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