Automotive Chip Market, Global Outlook and Forecast 2024-2030

Category:Automotive and Transportation

Published on : 15 June 2024

Pages :77

Formats:

Report Code:SMR-7723485

Automotive Chip Market Size, Share 2024

Market size in 2023	US$ 26040 million	Forecast Market size by 2030	US$ 37530 million
Growth Rate	CAGR of 5.4%	Number of Pages	77 Pages

The global Automotive Chip market was valued at US$ 26040 million in 2023 and is projected to reach US$ 37530 million by 2030, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Automotive chips are utilized for the observing and controlling of different capacities in a vehicle. Such chips utilize calculations to explain different assignments and makes the driving background significantly less demanding for the driver. There are five distinctive kind of car chips or incorporated circuits (ICs, for example, general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs and blaze. Universally useful rationale ICs bolster PC fields and data gear, where there is a requirement for superior with different power supply voltage, abilities and capacities.

This report aims to provide a comprehensive presentation of the global market for Automotive Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Chip. This report contains market size and forecasts of Automotive Chip in global, including the following market information:

Global Automotive Chip Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Automotive Chip Market Sales, 2018-2023, 2024-2030, (K Pcs)

Global top five Automotive Chip companies in 2023 (%)

Global key car chip players include Infineon, NXP and UACJ etc. The top 3 companies hold a share about 51%. Asia-Pacific is the largest market with a share about 42%, followed by Europe and North America.

In terms of product, MCU Function Chip is the largeset segment with a share about 48%. And in terms of applications, the largest application is power control with a share about 32%.

The Automotive Chip Market plays a critical role in the development and innovation of modern vehicles, supporting various functions such as safety, connectivity, and electrification. These chips, often referred to as semiconductors, are used in a wide range of automotive systems, including powertrain control, infotainment systems, advanced driver assistance systems (ADAS), and even in electric vehicle (EV) components like battery management.

Market Growth Drivers

Electrification of Vehicles: The rising adoption of electric vehicles (EVs) has driven demand for power-efficient chips that manage battery systems and electric motors.

Increased Connectivity: Modern cars feature high levels of connectivity, from navigation systems to in-car entertainment, all requiring robust chipsets.

Advanced Safety Features: ADAS technologies (like collision detection, lane-keeping assist, and autonomous driving) are pushing the need for high-performance chips that can process vast amounts of data in real-time.

5G and IoT Integration: The integration of 5G connectivity and the Internet of Things (IoT) in vehicles for enhanced communication between cars, infrastructure, and devices further boosts the need for advanced automotive chips.

Key Technologies in Use

Microcontrollers (MCUs): Control unit chips responsible for handling simple tasks like controlling lights or managing infotainment systems.

System-on-Chip (SoC): SoCs integrate multiple functionalities into one chip, powering everything from in-car entertainment to real-time processing in autonomous driving systems.

Power Management ICs: These chips manage the distribution and conversion of power within electric vehicles, particularly in battery management.

Sensors and MEMS: Automotive chips also include various sensors (e.g., radar, LiDAR) that are crucial for ADAS and autonomous driving.

Challenges and Trends

Global Chip Shortage: The automotive industry has been significantly affected by global semiconductor shortages, which led to production delays. This shortage highlighted the dependency of the industry on chip suppliers.

Rise of Autonomous Vehicles: The development of self-driving cars requires more complex and powerful chipsets to manage data from sensors and process real-time information.

Energy Efficiency: As EV adoption increases, the demand for chips that offer higher energy efficiency is growing, contributing to extended vehicle range and performance.

Regional Insights

Asia-Pacific dominates the market, primarily due to the presence of major automotive manufacturers and semiconductor producers in countries like China, Japan, and South Korea.

Europe and North America are also significant markets, driven by a focus on electric vehicles, autonomous technologies, and stringent safety regulations.

The automotive chip market is at the heart of innovations in the automotive industry, driving new trends such as electric mobility, enhanced safety, and vehicle autonomy. However, it also faces challenges like supply chain disruptions and the need for continuous technological advancements

We surveyed the Automotive Chip manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Automotive Chip Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Pcs)

Global Automotive Chip Market Segment Percentages, by Type, 2023 (%)

Logic ICs

Analog ICs

Microcontrollers & Microprocessors

Memory

Global Automotive Chip Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Pcs)

Global Automotive Chip Market Segment Percentages, by Application, 2023 (%)

Chassis

Powertrain

Safety

Telematics & Infotainment

Global Automotive Chip Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Pcs)

Global Automotive Chip Market Segment Percentages, By Region and Country, 2023 (%)

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Automotive Chip revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Automotive Chip revenues share in global market, 2023 (%)

Key companies Automotive Chip sales in global market, 2018-2023 (Estimated), (K Pcs)

Key companies Automotive Chip sales share in global market, 2023 (%)

key players include:

NXP Semiconductors

Infineon Technologies

Renesas Electronics

STMicroelectronics

Texas Instruments Incorporated

Robert Bosch GmbH

ON Semiconductor

Including or Excluding key companies relevant to your analysis.

Outline of Major Chapters:

Chapter 1: Introduces the definition of Automotive Chip, market overview.

Chapter 2: Global Automotive Chip market size in revenue and volume.

Chapter 3: Detailed analysis of Automotive Chip manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Automotive Chip in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Automotive Chip capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Report Attributes	Report Details
Report Title	Automotive Chip Market, Global Outlook and Forecast 2024-2030
Market size in 2023	US$ 26040 million
Forecast Market size by 2030	US$ 37530 million
Growth Rate	CAGR of 5.4%
Historical Year	2018 to 2022 (Data from 2010 can be provided as per availability)
Base Year	2023
Forecast Year	2031
Number of Pages	77 Pages
Customization Available	Yes, the report can be customized as per your need.