Automotive Chip Market Size, Share And Segmentation 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), By Regions And Global Market Forecast 2023-2030

The Automotive Chip Market Size was valued at USD 38.39 billion in 2022 and is expected to reach USD 90.42 billion by 2030 and grow at a CAGR of 11.3% over the forecast period 2023-2030. The market is poised for unprecedented growth, driven by the accelerating evolution of automotive technology.

As vehicles transition towards electrification, connectivity, and autonomous capabilities, the demand for advanced semiconductor solutions is reaching new heights.

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Key Companies:

• 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 Scope:           

Automotive chips play a pivotal role in powering electric vehicles, enhancing safety features, and enabling seamless communication within connected ecosystems. The market’s scope extends beyond traditional automotive giants, encompassing a diverse range of stakeholders, including semiconductor manufacturers, software developers, and emerging tech startups.      

Industry Analysis:            

The industry is witnessing a surge in demand for semiconductor solutions that can power the next generation of smart and connected vehicles. The integration of advanced driver-assistance systems (ADAS), machine learning algorithms, and high-performance computing in automotive chips has become pivotal in enhancing vehicle safety, efficiency, and overall driving experience.

With the global push towards reducing carbon emissions and achieving sustainability goals, the automotive chip market is also witnessing a surge in electric vehicle (EV) adoption, further fueling the demand for chips capable of managing the complex powertrain and battery systems.                

Segment Analysis:    

Microcontrollers, with their compact yet powerful processing capabilities, form the nerve center, orchestrating a symphony of functions within the automotive ecosystem. Analog chips, adept at translating real-world signals into digital information, enhance the precision of sensory inputs, fostering a seamless interaction between the vehicle and its environment.

Meanwhile, power management chips optimize energy utilization, ensuring efficiency in the electrified future of automobiles.                  

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

Regional Analysis:  

The automotive chip market in APAC is witnessing unprecedented growth, driven by the increasing integration of advanced technologies such as electric vehicles, autonomous driving systems, and connectivity features. The region’s proactive approach to sustainable mobility and smart transportation further propels the demand for cutting-edge automotive chips.

With a vibrant ecosystem of semiconductor manufacturers, research institutions, and innovative startups, APAC not only serves as a significant consumer but also as a key contributor to the global automotive chip landscape, shaping the future of the industry.

Key Takeaways:       

• The competitive landscape is evolving rapidly, with established semiconductor companies and new entrants vying for market share, fostering innovation and driving the industry towards a more connected, efficient, and sustainable future.
• The challenges of semiconductor shortages and geopolitical factors add an extra layer of complexity to the industry, emphasizing the critical need for strategic planning and resilience in the automotive chip market.
• APAC exhibits a unique blend of innovation and tradition. China, in particular, emerges as a powerhouse, steering the region’s dominance with its robust manufacturing capabilities and a burgeoning consumer market.

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Recent Industry Development:     

• Intel has introduced advanced processors with enhanced computing capabilities, paving the way for more sophisticated in-car systems and efficient data processing.
• Meanwhile, NVIDIA’s latest graphics processing units (GPUs) boast unprecedented levels of performance, enabling real-time artificial intelligence applications crucial for autonomous driving.
• On another front, Qualcomm has made strides in connectivity with its 5G-enabled chips, fostering a seamless and high-speed communication ecosystem within vehicles.

Table of Contents:

1. Introduction

1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global Automotive Chip Market Segmentation, By Component

8.1 Logic ICs
8.2 Analog ICs
8.3 Microcontrollers & Microprocessors
8.4 Memory

9. Global Automotive Chip Market Segmentation, By Application

9.1 Chassis
9.2 Powertrain
9.3 Safety
9.4 Telematics & Infotainment
9.5 Body Electronics

10. Global Automotive Chip Market Segmentation, By Vehicle Type

10.1 Passenger cars
10.2 Commercial vehicles

11. Regional Analysis

Continued…!