The Latin America, Middle East and Africa Automotive Chip Market is expected to witness market growth of 13.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Chip Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.75 billion by 2031. The Argentina market is showcasing a CAGR of 14.4% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.7% during 2024-2031.
The growth of cutting-edge chips that can process vast quantities of data in real-time is driven by the integration of ML and AI in automotive applications. This trend enhances functionalities such as predictive maintenance, smart navigation systems, and personalized user experiences in vehicles. The push towards autonomous vehicles leads to significant investments in high-performance chips capable of processing inputs from multiple sensors, cameras, and LIDAR systems.
Robust cybersecurity measures are essential as vehicles become increasingly interconnected. Emerging trends indicate a focus on these chips incorporating advanced security features to protect against cyber threats, ensuring data privacy and vehicle safety. Consumers increasingly expect personalized in-vehicle experiences, leading to the adoption of these chips that support customizable infotainment systems, driver profiles, and user interfaces. This trend emphasizes the importance of software-defined vehicles that adapt to individual user preferences.
The UAE’s strategic focus on smart mobility aligns with its broader economic diversification goals, promoting innovation and technological advancements. As the country invests in research and development for smart mobility solutions, there will be increased opportunities for collaboration between automotive manufacturers and semiconductor companies. The increasing sales of vehicles in Saudi Arabia will also drive the need for enhanced infrastructure, including roads, charging stations, and maintenance facilities. This infrastructure development will create additional demand for these chips that facilitate vehicle-to-infrastructure (V2I) communication, smart traffic management systems, and advanced navigation tools. As Saudi Arabia invests in its automotive infrastructure, the automotive chip market will benefit from these technological advancements, further fueling its growth. In conclusion, rising smart mobility in the UAE and increasing automotive sales in Saudi Arabia drive the market's growth.
The Brazil market dominated the LAMEA Automotive Chip Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.75 billion by 2031. The Argentina market is showcasing a CAGR of 14.4% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.7% during 2024-2031.
The growth of cutting-edge chips that can process vast quantities of data in real-time is driven by the integration of ML and AI in automotive applications. This trend enhances functionalities such as predictive maintenance, smart navigation systems, and personalized user experiences in vehicles. The push towards autonomous vehicles leads to significant investments in high-performance chips capable of processing inputs from multiple sensors, cameras, and LIDAR systems.
Robust cybersecurity measures are essential as vehicles become increasingly interconnected. Emerging trends indicate a focus on these chips incorporating advanced security features to protect against cyber threats, ensuring data privacy and vehicle safety. Consumers increasingly expect personalized in-vehicle experiences, leading to the adoption of these chips that support customizable infotainment systems, driver profiles, and user interfaces. This trend emphasizes the importance of software-defined vehicles that adapt to individual user preferences.
The UAE’s strategic focus on smart mobility aligns with its broader economic diversification goals, promoting innovation and technological advancements. As the country invests in research and development for smart mobility solutions, there will be increased opportunities for collaboration between automotive manufacturers and semiconductor companies. The increasing sales of vehicles in Saudi Arabia will also drive the need for enhanced infrastructure, including roads, charging stations, and maintenance facilities. This infrastructure development will create additional demand for these chips that facilitate vehicle-to-infrastructure (V2I) communication, smart traffic management systems, and advanced navigation tools. As Saudi Arabia invests in its automotive infrastructure, the automotive chip market will benefit from these technological advancements, further fueling its growth. In conclusion, rising smart mobility in the UAE and increasing automotive sales in Saudi Arabia drive the market's growth.
List of Key Companies Profiled
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Renesas Electronics Corporation
- ON Semiconductor Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Intel Corporation
- ROHM Co., Ltd.
- Microchip Technology Incorporated
Market Report Segmentation
By Type- Microcontrollers & Microprocessors
- Analog ICs
- Logic ICs
- Sensor
- Others
- Telematics & Infotainment
- Safety
- Powertrain
- Body Electronics
- Chassis
- Passenger Vehicles
- Commercial Vehicles
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Automotive Chip Market by Type
Chapter 6. LAMEA Automotive Chip Market by Application
Chapter 7. LAMEA Automotive Chip Market by Vehicle
Chapter 8. LAMEA Automotive Chip Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Automotive Chip Market include:- NXP Semiconductors N.V.
- Infineon Technologies AG
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Renesas Electronics Corporation
- ON Semiconductor Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Intel Corporation
- ROHM Co., Ltd.
- Microchip Technology Incorporated
Methodology
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