Report Scope & Overview:
Automotive Chip Market Size was valued at USD 38.39 billion in 2022 and is expected to reach USD 90.42 billion by 2030 and grow at a CAGR of 11.3% over the forecast period 2023-2030.
Automotive chips are generally used to monitor and regulate the various functions of a vehicle. They employ a variety of algorithms in order to complete the tasks. As a result, it is able to provide drivers with a driving experience that is stress-free and uncomplicated. The automotive car chip enables the driver to use their voices to control the navigation and infotainment systems of the vehicle. The sensors that are mounted to the automobiles, also give a variety of other information about the car. Additionally, it safeguards automobiles by activating the anti-theft technology that is installed in them. Micro supercomputers are another name for the processors used in automobiles. It is anticipated that they will eventually become common characteristics of a variety of smart cars.
Chips designed specifically for use in automobiles are able to monitor and manage a variety of functions within a motor vehicle. These chips use mathematics to explain the various assignments, which in turn makes the driving environment substantially less taxing for the driver. There are five distinct kinds of embedded circuits or chips that can be found in automobiles.
The need for personal transportation vehicles has grown in tandem with the expansion in car production.
There has been a steady rise in the need for vehicle safety and the use of engine control units.
The use of automotive chips is on the rise as a result of the growing popularity of these vehicles.
The chip's restraints may potentially be defective or fail. This could be a big impediment to the market.
These chips may fail or suffer a major malfunction due to excessive current leakage.
The chip used in automobiles is subject to developing flaws or failing entirely.
Due to the development in safety-related electronic systems and automobiles.
Fully automated vehicles will require high-powered chips to process real-time data from a large no. of sensors.
As a result of the COVID-19 epidemic, the industry is in a state of emergency.
It is expected that the cost of chip-based products and automobiles would rise as demand grows.
IMPACT OF COVID-19:
The abrupt breakout of the COVID-19 pandemic had a significant impact on the automotive chip industry, which saw widespread disruptions. It was anticipated that COVID-19 would have a significant influence on the market, particularly on the supply chain and the demand for a particular product within the automobile industry. It is anticipated that the demand for commercial vehicles will decrease concurrently with the cessation of all non-essential services. The lack of liquidity and the subsequent cash crunch have already had an impact on the sales of a number of different fleet operators. However, it is anticipated that this will come under control within the next few months. The lack of automotive chips is the primary factor that is causing disruptions in the market's supply chain. It is anticipated that once the lockdown is lifted, things will begin to improve, which, in turn, will have a constructive effect on the future prognosis of the automotive chip industry.
KEY MARKET PLAYERS:
Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Toshiba Corporation (Japan), ON Semiconductor (US), Renesas Electronics (Japan), Infineon Technologies (Germany), Texas Instruments Incorporated (US), ROHM Semiconductor (Japan), Denso Corporation (Japan) are some of the affluent competitors with significant market share in the Automotive Chip Market.
Market, By Component:
Based on the component segment, the global market has been divided into Logic ICs, Analog ICs, Microcontrollers & Microprocessors, and Memory. Ultra-luxury car sales are predicted to drive the logic ICs market to a significant valuation by 2025. Automotive chips allow drivers to manage the whole infotainment and navigation system with their voice. In addition, they allow for greater mobility and communication. The instrument panel controls are improved as a result of using the product.
Market, By Application:
The global market has been divided into Chassis, Powertrain, Safety, Telematics & Infotainment, and Body Electronics based on the vehicle type segment. Safety is predicted to have the greatest CAGR during the forecast period because people are becoming more aware of how to keep themselves and their passengers safe in vehicles. The body electronics section accounted for more than one-quarter of the total revenue.
Market, By Vehicle type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. Passenger cars with seating for five people are included in the definition of a passenger vehicle. This particular vehicle type's demand for the product will stay high over the course of the projection. It is expected to grow at a CAGR of 11.8% during this time period.
Microcontrollers & Microprocessors
Telematics & Infotainment
By Vehicle Type:
The size of the market in North America was assessed at USD 3.98 billion, and it is anticipated that over the next few years, it will likely register robust growth. On the other hand, Asia Pacific is anticipated to reach a value of USD 27.05 billion by the year 2025. This is mostly attributable to the growing production of automobiles in India, China, and Japan. As a result of the fact that this region was responsible for more than half of the total annual production of automobiles across the globe, Asia Pacific was awarded the most prestigious place. During this time, Europe was responsible for the second-largest proportion of the market. As a result of the presence of numerous notable luxury automobile manufacturers, it is anticipated that the European market would experience significant development over the course of the time under consideration.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 38.39 Billion|
|Market Size by 2030||US$ 90.42 Billion|
|CAGR||CAGR of 11.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Logic ICs, Analog ICs, Microcontrollers & Microprocessors, Memory)
• by Application (Chassis, Powertrain, Safety, Telematics & Infotainment, Body Electronics),
• by Vehicle Type (Passenger cars, Commercial vehicles)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Toshiba Corporation (Japan), ON Semiconductor (US), Renesas Electronics (Japan), Infineon Technologies (Germany), Texas Instruments Incorporated (US), ROHM Semiconductor (Japan), Denso Corporation (Japan)|
|Key Drivers||•The need for personal transportation vehicles has grown in tandem with the expansion in car production.
•There has been a steady rise in the need for vehicle safety and the use of engine control units.
|RESTRAINTS||•The chip's restraints may potentially be defective or fail. This could be a big impediment to the market.
•These chips may fail or suffer a major malfunction due to excessive current leakage.
Ans:- The market size is expected to reach USD 73.05 billion by 2028.
Ans:- Automotive chips are generally used to monitor and regulate the various functions of a vehicle.
Ans:- High cost of chip-based products & chips may fail due to excessive current leakage are the most significant obstacles facing the automotive chip market.
Ans:- Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research & development (R&D) institutions, Importers and exporters, Trade/Industrial associations, and End-use industries are the stakeholder of this report.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Chip Market Segmentation, By Component
8.1 Logic ICs
8.2 Analog ICs
8.3 Microcontrollers & Microprocessors
9. Global Automotive Chip Market Segmentation, By Application
9.4 Telematics & Infotainment
9.5 Body Electronics
10. Global Automotive Chip Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 NXP Semiconductors (Netherlands)
12.3 STMicroelectronics (Switzerland)
12.4 Toshiba Corporation (Japan)
12.5 ON Semiconductor (US)
12.6 Renesas Electronics (Japan)
12.7 Infineon Technologies (Germany)
12.8 Texas Instruments Incorporated (US)
12.9 ROHM Semiconductor (Japan)
12.10 Denso Corporation (Japan)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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Report Scope & Overview: Automotive Electronics Sensor Aftermarket
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