Automotive Chip Market Scope & Overview:
The global Automotive Chip market study includes a full analysis of key driving drivers, as well as profiles of prominent firms, essential product features, sales rates, and contact information. A thorough assessment of the most important market trends is also included in the research. Information is gathered through focus groups, surveys, interviews, a geographical and national study, and a comprehensive all-dimensional examination.
Major market factors such as drivers, constraints, opportunities, and threats are examined, as well as how they influence the market. External threats and opportunities have underlying drivers and limits in the global market. Strategic alliances, new product launches, initiatives, transactions, joint activities, and information on top market rivals are all covered by Automotive Chip market research, as well as development factors, limits, and opportunities.
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Key Companies Listed in Automotive Chip Market are:
Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Toshiba Corporation (Japan), ON Semiconductor (US), Renesas Electronics (Japan), Infineon Technologies (Germany), Texas Instruments Incorporated (US), ROHM Semiconductor (Japan), Denso Corporation (Japan)
Market Segmentation
Drivers, barriers, opportunities, and risks are major influencing aspects in the Automotive Chip market, and segmentation analysis evaluates their impact on the market. External restraints and possibilities, as well as fundamental drivers and limits, exist in the market. It can be used by businesses, clients, buyers, merchants, service providers, and distributors to assess the market.
The global Automotive Chip market analysis summary provides an overview of the topic, including definitions, classifications, applications, and the industrial chain structure. Global business research is offered for emerging markets, including competitive landscape studies and development trends.
Major Segments & Sub-Segments Listed in this report are:
By Component:
- Logic ICs
- Analog ICs
- Microcontrollers & Microprocessors
- Memory
By Application:
- Chassis
- Powertrain
- Safety
- Telematics & Infotainment
- Body Electronics
By Vehicle Type:
- Passenger cars
- Commercial vehicles
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Russia-Ukraine War Impact on Automotive Chip Market
The impact of the Russia-Ukraine conflict on the worldwide market is detailed in the research paper. While tensions between Russia and Ukraine have been increasing for years, the present military action heightens fears of a long-term conflict within Ukraine, as well as market and global economic implications.
Competitive Scenario
The market report also includes a comprehensive library of future market estimates based on historical data. Customers can get quantitative industry expertise by looking at the most recent market data. The study investigates a variety of significant elements that influence firm players, including as suppliers, end-users, dealers, and others, in order to assist them in strategizing investment and pursuing various Automotive Chip market growth chances. All significant competitors, prices, and positioning, as well as a thorough data collecting strategy, must operate in the same territory.
Report Highlights
- Give an overview of the present situation of the target industry, including applications and innovations.
- A comprehensive analysis of the Automotive Chip market's situation amid COVID-19 pandemic and Russia-Ukraine War.
- A detailed market analysis, including upstream raw materials, downstream output, and recent growth estimates.
- Report Conclusion
The most recent Automotive Chip market study looks at the target market's latest influence. The article looks at how the corporate environment is always changing, as well as the short- and long-term implications.
Table of Contents -Major key Points:
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Global Automotive Chip Market Segmentation, By Component
- Global Automotive Chip Market Segmentation, By Application
- Global Automotive Chip Market Segmentation, By Vehicle Type
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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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.
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.The global automotive chip market is expected to grow by approximately 12.87% CAGR during the forecast period.
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.
The global Automotive Chip Market is anticipated to value USD 56.24 billion until 2025.
It is also expected to register a CAGR of 10.7% over the forecasted years, 2017 to 2025.
Increasing demand for infotainment, navigation, and lighting systems among luxury vehicles for enhancing driver and passenger experience is projected to drive the market growth for automotive chips.
On the other hand, the commercial vehicles segment is also gaining traction due to the rising need to spend on mining, e-commerce, and infrastructure activities.
The Asia Pacific registered a significant share across the global automotive chip market in 2016 due to the surging number of key automotive manufacturers across China, Japan, and India.
North America generated a revenue of USD 3.41 Billion on account of increasing demand for personal vehicles prevailing among the people residing in developed countries like the U.S. and Canada.
