The automotive chip market refers to the industry that produces and sells semiconductor chips for use in various automotive applications. These chips are essential components in modern vehicles, powering various functions such as engine control, infotainment systems, advanced driver assistance systems (ADAS), and more. The demand for automotive chips has grown rapidly in recent years due to the increasing complexity of vehicles and the rise of electric and autonomous vehicles. These vehicles require more advanced and specialized chips that can perform functions such as processing large amounts of data from sensors, managing battery power, and controlling electric motors.
The automotive chip shortage caused by the COVID-19 pandemic has highlighted the need for diversified supply chains and increased investment in chip manufacturing capacity. As the demand for electric and autonomous vehicles continues to grow, the automotive industry must ensure that their companies are able to secure a reliable and stable supply of high-quality automotive chips.
This may require partnerships with chip manufacturers, investment in in-house chip manufacturing, or a combination of both. It must also be aware of the potential impact of technological disruptions, such as the development of new chip technologies or the emergence of new competitors in the market.
Staying ahead of these trends and adapting quickly to changing market conditions is essential for success in the automotive chip market. In addition, the impact of regulations and policies related to the automotive industry, such as emissions standards and safety regulations will further provide opportunity for the global automotive chip market.
The surge in demand for electric vehicles (EVs) is projected to provide growth opportunity for the automotive chip market. The demand for EVs is expected to continue to grow in the coming years as more consumers seek to reduce their carbon footprint and adopt more sustainable transportation options. These chips must be able to handle high voltage and current requirements of EVs and provide the necessary computing power for advanced driver assistance systems (ADAS) and other features.
The automotive chip market is segmented on the basis of product, application, propulsion type, and region. By type, the market is classified into microcontrollers, logic ICs, sensors, and analog ICs and others. By application, it is bifurcated into powertrain, body electronics, safety systems, chassis, and telematics & infotainment systems. Depending on propulsion type, it is segregated into ICE vehicles, and electric vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Analog Devices, Inc., Infineon Technologies AG, Nvidia Corporation, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD, STMICRO Electronics, Texas Instruments Incorporated, and TOSHIBA CORPORATION.
The automotive chip shortage caused by the COVID-19 pandemic has highlighted the need for diversified supply chains and increased investment in chip manufacturing capacity. As the demand for electric and autonomous vehicles continues to grow, the automotive industry must ensure that their companies are able to secure a reliable and stable supply of high-quality automotive chips.
This may require partnerships with chip manufacturers, investment in in-house chip manufacturing, or a combination of both. It must also be aware of the potential impact of technological disruptions, such as the development of new chip technologies or the emergence of new competitors in the market.
Staying ahead of these trends and adapting quickly to changing market conditions is essential for success in the automotive chip market. In addition, the impact of regulations and policies related to the automotive industry, such as emissions standards and safety regulations will further provide opportunity for the global automotive chip market.
The surge in demand for electric vehicles (EVs) is projected to provide growth opportunity for the automotive chip market. The demand for EVs is expected to continue to grow in the coming years as more consumers seek to reduce their carbon footprint and adopt more sustainable transportation options. These chips must be able to handle high voltage and current requirements of EVs and provide the necessary computing power for advanced driver assistance systems (ADAS) and other features.
The automotive chip market is segmented on the basis of product, application, propulsion type, and region. By type, the market is classified into microcontrollers, logic ICs, sensors, and analog ICs and others. By application, it is bifurcated into powertrain, body electronics, safety systems, chassis, and telematics & infotainment systems. Depending on propulsion type, it is segregated into ICE vehicles, and electric vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Analog Devices, Inc., Infineon Technologies AG, Nvidia Corporation, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD, STMICRO Electronics, Texas Instruments Incorporated, and TOSHIBA CORPORATION.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive chip market analysis from 2021 to 2031 to identify the prevailing automotive chip market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive chip market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive chip market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product
- Microcontrollers
- Logic ICs
- Analog ICs
- Sensor
- Others
By Application
- Powertrain
- Body Electronics
- Safety Systems
- Chassis
- Telematics and Infotainment Systems
By Propulsion Type
- ICE Vehicles
- Electric Vehicles
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Renesas Electronics Corporation.
- Robert Bosch GmbH
- ROHM CO., LTD
- Texas Instruments Incorporated
- STMicroelectronics
- NXP Semiconductors
- Analog Devices, Inc.
- NVIDIA Corporation
- Toshiba Corporation
- Infineon Technologies AG
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE CHIP MARKET, BY PRODUCT
CHAPTER 5: AUTOMOTIVE CHIP MARKET, BY APPLICATION
CHAPTER 6: AUTOMOTIVE CHIP MARKET, BY PROPULSION TYPE
CHAPTER 7: AUTOMOTIVE CHIP MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Global Automotive Chip Market is expected to experience a significant growth rate of 9.6% from 2022-2031 owing to rising demand for advanced driving assistance systemsAn electronic component made specifically for use in automobiles is known as an automotive chip. It is a semiconductor chip used in a variety of automotive applications, including advanced driver assistance systems (ADAS), gearbox control, infotainment systems, and engine management. It is employed to regulate and keep track of several vehicular operations, including braking, steering, and engine performance. Additionally, it is utilized to improve the driving experience by offering amenities like Bluetooth connectivity, GPS navigation, and music streaming. These chips are critical for the functioning of modern vehicles, as they enable the transmission and processing of data between various systems and components. The global automotive chip market is a rapidly growing sector that has seen significant growth due to advancements in technology and changes in consumer preferences. These chips are typically designed to withstand the harsh operating conditions in a vehicle, such as high temperatures, vibration, and electromagnetic interference. Automotive chips are available in several types, including microcontrollers, sensors, analog ICs, logic ICs, and memory chips, and are used for various applications, such as powertrain control, safety systems, and communication systems. The development of advanced automotive chips has been crucial in the development and advancement of electric and autonomous vehicles, as well as the integration of advanced safety and connectivity features in modern cars. However, in recent years due to the increasing complexity of vehicles and the rise of electric and autonomous vehicles may hinder demand for the market.
The automotive chip market is being driven by several factors, including advances in technology, increasing consumer demand for advanced features, and government regulations related to vehicle safety and emissions. One of the major drivers of the automotive chip market is the growing demand for advanced safety features. Consumers are increasingly interested in vehicles that are equipped with features like lane departure warning, adaptive cruise control, and automatic emergency braking. These features rely on a range of sensors and electronic systems, which in turn rely on automotive chips. Another factor driving the growth of the automotive chip market is the increasing complexity of vehicles. Modern cars are equipped with a range of electronic systems, including infotainment systems, navigation systems, and advanced driver assistance systems. All these systems require automotive chips to function properly. In addition to consumer demand, government regulations are also driving growth in the automotive chip market. Many countries around the world have implemented regulations related to vehicle safety and emissions, which are driving the development of innovative technologies and features that rely on automotive chips. Therefore, advances in technology are also contributing to the growth of the automotive chip market. New manufacturing processes and materials are enabling the development of smaller, more powerful chips capable of handling increasingly complex tasks. This is allowing car manufacturers to incorporate more advanced features into their vehicles, which is driving demand for automotive chips.
The automotive chip market is segmented into product, application, propulsion type, and region. By product, the market is classified into microcontrollers, logic ICs, sensors, analog ICs, and others. By application, it is bifurcated into powertrain, body electronics, safety systems, chassis, and telematics & infotainment systems. By propulsion type, it is segregated into ICE vehicles, and electric vehicles. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study include Analog Devices, Inc., Infineon Technologies AG, NVIDIA Corporation, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD, STMICRO Electronics, Texas Instruments Incorporated, and TOSHIBA CORPORATION. The players in the market have been actively engaged in the adoption of various strategies such as have adopted partnerships, investments, and product launches to remain competitive and gain advantage over the competitors in the market. For instance, in May 2021, Infineon Technologies AG launched a new automotive power module with CoolSiC MOSFET technology known as HybridPACK Drive CoolSiC, a full-bridge module with 1200 V blocking voltage optimized for traction inverters in electric vehicles (EV. Therefore, the development in automotive chips is anticipated to drive the market growth during the forecast period.
Key Market Insights
By product, the microcontroller segment was the highest revenue contributor to the market and is estimated to dominate the market during the forecast period.By application, the safety system segment was the highest revenue contributor to the market in 2021 and are estimated to capturing the highest revenue during the forecast period.
By propulsion type, the ICE vehicles segment dominated the market in 2021 and is estimated to capturing the highest market share during the forecast period.
By region, North America was the highest revenue contributor, accounting for largest market share in 2021, and Asia-Pacific is estimated grow with the highest CAGR during the forecast period.
Companies Mentioned
- Renesas Electronics Corporation.
- Robert Bosch GmbH
- ROHM CO., LTD
- Texas Instruments Incorporated
- STMicroelectronics
- NXP Semiconductors
- Analog Devices, Inc.
- NVIDIA Corporation
- Toshiba Corporation
- Infineon Technologies AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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