Automotive Chip Industry Growth Highlights:
Automotive chip market growing at exponential CAGR of 9% during the forecast period.
Automotive chips are mounted on a vehicle to ensure the smooth functioning of body electronics, telematics and infotainment, powertrain, and chassis and safety systems. These chips are employed in a vehicle to cater to automotive applications, such as blind spot detection, advanced driving assistance system, lane-change assistance, and parking assistance. The factors that influence the demand for automotive chip are automotive-semiconductor sales growth, a booming automotive industry coupled with the increasing registration of new cars, and stringent government regulations regarding automotive safety and emission. On the other hand, the major opportunities in the market are the increasing sales of hybrid and electric vehicles and the growing presence of auto-manufacturers in emerging economies. The risk of operational failures might restrain the market growth.
The global automotive chip market is estimated to register 12.87% CAGR during the forecast period, 2018–2023. In 2017, the market was led by Asia-Pacific with a 51.8% share, followed by Europe and North America with shares of 23.6% and 17.9%, respectively.
The global automotive chip market has been segmented based on product, application, vehicle type, propulsion, and region. On the basis of product, the analog IC segment accounted for the largest market share of 42.4% in 2017, with a market value of USD 14,947.3 million; it is projected to register 15.93% CAGR during the forecast period. On the basis of application, the body electronics segment accounted for the larger market share of 27.4% in 2017, with a market value of USD 9,660.9 million; it is projected to witness 12.24% CAGR during the forecast period. On the basis of vehicle type, the passenger car segment accounted for the larger market share of 71.2% in 2017, with a market value of USD 25,132.7 million; it is projected to exhibit 12.32% CAGR during the forecast period. On the basis of propulsion, the ICE vehicle segment accounted for the larger market share of 95.57% in 2017, with a market value of USD 34,072.2 million; it is projected to exhibit 12.67% CAGR during the forecast period.
Get Latest Sample Report Here @https://www.marketresearchfuture.com/sample_request/7676
Key Players
The key players operating in the global automotive chip market share are Robert Bosch GmbH (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), Texas Instruments Incorporated (US), NXP Semiconductors (Netherlands), ROHM Semiconductor (Japan), and Denso Corporation (Japan).
Market Research Analysis
Asia-Pacific held the largest market share in the global automotive chip market.
Asia-Pacific is the prime hub for automobile manufacturers, owing to the growth of the automotive sector in China, Japan, and India. The automotive sector is a major contributor to the GDP of these countries. The growing demand for automotive semiconductor devices, especially for luxury and premium cars is expected to increase the need for automotive chips during the forecast period. Moreover, the established players in the region are investing more to develop innovative products and enhance existing products, which opens new opportunities for global automotive manufacturers. Europe is expected to be the second largest market during the forecast period, owing to the increasing demand for system-on-chip (SoC) systems in vehicles and the cooperation between OEMs, tier one automotive manufacturers, and integrated circuit (IC) manufacturers.
Scope of the Report
This report provides an in-depth analysis of the global automotive chip market growth, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and the rest of the world . The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive chip market by its type, rated current, end-use, and by region.
Browse complete report @ https://www.marketresearchfuture.com/reports/automotive-chip-market-7676
By Product
Analog ICs
Microcontrollers & Microprocessors
Logic ICs
Others
By ApplicationBody Electronics
Telematics & Infotainment
Powertrain
Safety System
Chassis
By Vehicle TypePassenger Car
Commercial Vehicle
By PropulsionICE
BEVs
HEVs
By Region
North America
US
Mexico
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
