Market Highlights
Automotive chips are mounted on avehicle to ensure the smooth functioning of body electronics, telematics and infotainment,powertrain, and chassis and safety systems. These chips are employed in avehicle to cater to automotive applications, such as blind spot detection,advanced driving assistance system, lane-change assistance, and parkingassistance. The factors that influence the demand for automotive chip areautomotive-semiconductor sales growth, a booming automotive industry coupledwith the increasing registration of new cars, and stringent governmentregulations regarding automotive safety and emission. On the other hand, themajor opportunities in the market are the increasing sales of hybrid andelectric vehicles and the growing presence of auto-manufacturers in emergingeconomies. The risk of operational failures might restrain the market growth.
The globalautomotive chip market is estimated to register 12.87% CAGR during the forecastperiod, 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 markethas been segmented based on product, application, vehicle type, propulsion, andregion. On the basis of product, the analog IC segment accounted for thelargest market share of 42.4% in 2017, with a market value of USD 14,947.3million; it is projected to register 15.93% CAGR during the forecast period. Onthe basis of application, the body electronics segment accounted for the largermarket share of 27.4% in 2017, with a market value of USD 9,660.9 million; itis projected to witness 12.24% CAGR during the forecast period. On the basis ofvehicle type, the passenger car segment accounted for the larger market shareof 71.2% in 2017, with a market value of USD 25,132.7 million; it is projectedto 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% in2017, with a market value of USD 34,072.2 million; it is projected to exhibit12.67% CAGR during the forecast period.
The global automotive chip marketis expected to grow by approximately 12.87% CAGR during the forecast period.
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Market Research Analysis
Asia-Pacific held thelargest 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. Theautomotive sector is a major contributor to the GDP of these countries. Thegrowing demand for automotive semiconductor devices, especially for luxury andpremium cars is expected to increase the need for automotive chips during theforecast period. Moreover, the established players in the region are investingmore to develop innovative products and enhance existing products, which opensnew opportunities for global automotive manufacturers. Europe is expectedto be the second largest market during the forecast period, owing to theincreasing demand for system-on-chip (SoC) systems in vehicles and thecooperation between OEMs, tier one automotive manufacturers, and integratedcircuit (IC) manufacturers.
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Scope of the Report
This report provides an in-depthanalysis of the global automotive chip market, tracking four market segmentsacross four geographic regions. The report studies key players, providing afive-year annual trend analysis that highlights market size, and share forNorth America, Asia-Pacific (APAC), Europe, the Middle East & Africa, andthe rest of the world . The report also provides a forecast, focusing on themarket opportunities for the next five years for each region. The scope of thestudy segments the global automotive chip market by its type, rated current,end-use, and by region.
By Product
Analog ICs
Microcontrollers & Microprocessors
Logic ICs
Others
By Application
Body Electronics
Telematics & Infotainment
Powertrain
Safety System
Chassis
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion
ICE
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
Key Players
The key players operating in theglobal automotive chip market are Robert Bosch GmbH (Germany), ON Semiconductor(US), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany),Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), TexasInstruments Incorporated (US), NXP Semiconductors (Netherlands), ROHMSemiconductor (Japan), and Denso Corporation (Japan).
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Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
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