Automotive Chip Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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.

MARKET SCOPE

The "Global Automotive Chip Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive chip market with detailed market segmentation by product, vehicle type, application, and geography. The report provides key statistics on the market status of the leading automotive chip market players and offers key trends and opportunities in the market.

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.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive chip market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive chip market in these regions.

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.

MARKET PLAYERS

The report covers key developments in the automotive chip market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive chip market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive chip in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive chip market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   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
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Chip Report Scope