Global Automotive Chip Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at an 11% CAGR of around during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The report contains a detailed list of factors that will drive and restrain the growth of the Automotive Chip market. Automotive chips are used for the observing and controlling of different capacities in a vehicle. Billowy demand for enhanced automobile connectivity chips, which provide high capacity data networking, and new age smart vehicles that enhance the safety of drivers and Walker is one of the key trends triggering market growth.
A rise in awareness regarding energy-efficient lighting systems and burgeoning sales of luxury vehicles furnished with navigation and infotainment systems are creating an upswing in the demand for automotive chips. The expected development and commercialization of fully automatic vehicles, such as driverless taxis, is set to provide a chance for growth in market revenue over the upcoming years.
Expanding creation of vehicles and a rise in interest for traveller vehicles is a unique driving component for the automobile chip market. Automotive chips market are used for the monitoring and controlling of various functions in an automobile. Such chips use algorithms to solve various tasks and makes the driving experience much easier for the driver.
Based on application, the safety segment is expected to balance to register the highest CAGR during the forecast period owing to growing awareness among people regarding vehicle and passenger safety.
The body electronics segment illustrate more than a quarter of the overall revenue in 2016. The telematics infotainment segment is likely to tread along a healthy growth track over the forecast period owing to technological advancements in the automotive market. By Vehicle, the automotive chip market can be segmented into passenger and commercial vehicles. Passenger vehicle segment is expected to hold the highest market share during the forecast period. Curving demand for commercial and passenger vehicles is driving the automotive chip market. Automotive chip market enhances a vehicle’s security system and in-vehicle infotainment system.
In terms of region, Asia Pacific holds the largest market share in terms of revenue followed by Europe and North America. In Europe, Germany is the most considerable market and the largest contributor to the automotive chip market in the region because of the presence of major automobile manufactures in Germany. In North America, the U.S. is the largest market for an automotive chip.
Scope of the Automotive Chip Market Report
Market, by Component
• Analog ICs
• Logic ICs
Market, by Application
• Telematics Infotainment
• Body Electronics
Market, by Vehicle
Market, by Geography
• North America
• Middle East Africa
• Latin America
Key Players operating in the Automotive Chip Market
• Infineon Technologies
• Renesas Electronics Corporation
• STM Microelectronics
• Robert Bosch
• Texas instruments
• NXP Semiconductors
• ON Semiconductor
• Atmel Corporation
• Elmos Semiconductor AG
• Maxim Integrated Products
• Microchip Technology
• AQUANTIA CORP
• NVIDIA CORPORATION
• Qualcomm Technologies
• JET Performance
• Bully Dog
• Sprint Booster
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