Automotive Chips Market 2022-2028

Description

List of Tables

Global Automotive Chips Market Size, Share & Trends Analysis Report by Product Type (Logic ICs, Analog ICs, and Microcontrollers & Microprocessors), by Application (Chassis, Powertrain, Safety, Telematics & Infotainment, and Body Electronics), and by Vehicle Type (Passenger Vehicles, and Commercial Vehicles) Forecast (2022-2028)

The global automotive chips market is anticipated to grow at a substantial CAGR of 14.9% during the forecast period. One of the core factors that is fueling the market is the growing interconnectivity features in most of the products across the globe. Interconnectivity features connect the products for better control, security, information, and access to the product. The vehicles are now can be controlled via smartphone applications which can even diagnose the vehicle with the help of automotive chips. For instance, in October 2021, Morris Garages (MG) launched its new vehicle, MG Astor, in India which was equipped with multiple advanced features. It also offered a smart key, which can start the vehicle via a mobile application. The applications can control interconnectivity features and can inform about any malfunction with the vehicle.

The global automotive chips market is segmented based on the product type, application, and vehicle type. Based on the product type, the market is segmented into logic ICs, analog ICs, and microcontrollers & microprocessors. Based on the application, the market is sub-segmented into the chassis, powertrain, safety, telematics & infotainment, and body electronics. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Based on application, the safety segment is anticipated to grow significantly during the forecast period owing to the increasing safety standard norms via governments which necessitate the carmakers to increase safety features. The National Highway Traffic Safety Administration's (NHSTA) Federal Motor Vehicle Safety Standards (FMVSS) specify mandatory minimum safety requirements for the design, construction, performance, and durability of vehicles, as well as regulated Automobile safety-related components, systems, and design features.

Geographically the global automotive chips market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, Europe is projected to grow significantly during the forecast period owing to the existing large vehicle market in the region which has key market players of high-tech vehicles such as Volkswagen, Mercedes, BMW, Audi, and others. As per the data of OICA, 16,330,509 vehicles were produced in the Europe region in 2021 which is the 2nd largest number of vehicles produced across the globe in 2021.

The major companies serving the global automotive chips market include Microchip Technology Inc., NVIDIA Corp., Robert Bosch GmbH, Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments (TI), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, General Motors partnered with seven chip manufacturers Qualcomm, Taiwan Semiconductor Manufacturing Co, STMicroelectronic, ON Semiconductor Corp, Renesas Electronics, NXP Semiconductors, and Infineon Technologies to ensure consistent supplies of chips.

Research Methodology

The market study of the global automotive chips market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Automotive Chips Market Research and Analysis by Product Type.

2. Global Automotive Chips Market Research and Analysis by Application.

3. Global Automotive Chips Market Research and Analysis by Vehicle Type.

The Report Covers:

Comprehensive Research Methodology of the global automotive chips market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global automotive chips market.
Insights about market determinants that are stimulating the global automotive chips market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026433

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Automotive Chips Market
Recovery Scenario of Global Automotive Chips Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Microchip Technology Inc.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. NVIDIA Corp.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Robert Bosch GmbH
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Taiwan Semiconductor Manufacturing Co. Ltd.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Texas Instruments (TI)
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Automotive Chips Market by Product Type
- 4.1.1. Logic ICs
- 4.1.2. Analog ICs
- 4.1.3. Microcontrollers & Microprocessors
4.2. Global Automotive Chips Market by Application
- 4.2.1. Chassis
- 4.2.2. Powertrain
- 4.2.3. Safety
- 4.2.4. Telematics & Infotainment
- 4.2.5. Body Electronics
4.3. Global Automotive Chips Market by Vehicle Type
- 4.3.1. Passenger Vehicles
- 4.3.2. Commercial Vehicles

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Advanced Micro Devices, Inc. (Xilinx)
6.2. Arm Ltd.
6.3. General Motors Co.
6.4. Infineon
6.5. KPIT Technologies Ltd.
6.6. Maxim Integrated Products, Inc.
6.7. Micron Technology, Inc., NXP
6.8. Semiconductors N.V.
6.9. Qualcomm Inc.
6.10. Renesas Electronics Corp.,
6.11. STMicroelectronics
6.12. Synopsys
6.13. TomTom International BV
6.14. Toshiba Electronic Devices & Storage Corp.
6.15. Toyota Motor Corp.