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Automotive Chip Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR71017
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The automotive chip market share is expected to increase by USD 6.97 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.53%.

This automotive chip market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive chip market segmentation by vehicle type (passenger and commercial) and geography (APAC, Europe, North America, South America, and MEA). The automotive chip market report also offers information on several market vendors, including Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV., and Texas Instruments Inc. among others.

What will the Automotive Chip Market Size be During the Forecast Period?

Automotive Chip Market Size

Download the Free Report Sample to Unlock the Automotive Chip Market Size for the Forecast Period and Other Important Statistics

 

Automotive Chip Market: Key Drivers, Trends, and Challenges

The increasing adoption of the engine control unit in vehicles is notably driving the automotive chip market growth, although factors such as expensive and complex technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive chip industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Chip Market Driver

The increasing adoption of engine control unit in vehicles is one of the key drivers supporting the automotive chip market growth. The electronic control unit is basically a set of computer systems that controls and maintains the entire electronics, electrical, and mechanical systems of a vehicle. Increasing demand for alternative vehicle choices and governments? strict policy regulations on pollution control norms are transforming the powertrain technology of vehicles rapidly. The growing adoption of connected vehicle technology and advanced driver assistance systems (ADAS) is also another factor driving the demand for electronics in vehicles. It is expected that hybrid and pure electric vehicles and ADAS alone would contribute to over 45% of electronics in the car by 2030. Thus, the growing adoption of ECUs will fuel the demand for automotive chips during the forecast period.

Key Automotive Chip Market Trend

The development of autonomous vehicles is another factor supporting the automotive chip market growth. These cars are equipped with several wired and wireless communication protocols and many semiconductor devices. For instance, in July 2021, Waymo, the autonomous vehicle company of Alphabet Inc., announced its plan to invest around $2.5 billion in the development of its autonomous driving technology. Similarly, in April 2021, Nvidia Corp. launched Drive Atlan, an AI-enabled system-on-chip platform for autonomous vehicles. The chip combines a central processing unit (CPU), a graphics processing unit (GPU), and a data processing unit (DPU) on it that utilizes deep learning, machine vision accelerators, and Ampere-Next GPU resources to deliver 1,000 trillion operations per second (TOPS). Such instances will drive market growth during the forecast period.

Key Automotive Chip Market Challenge

The expensive and complex technology are some of the factors hindering the automotive chip market growth. Prices of semiconductor chips have been increasing since the last quarter of 2020 amid a global supply crunch. For instance, in September 2021, Taiwan Semiconductor Manufacturing Company (TSMC) announced its intention to increase the prices of most advanced chips by roughly 10%; less advanced chips would cost about 20% more. Thus, consumers would be paying more for chips from 2022 as foundries are increasing the prices of semiconductor chips by 20%. The prices of chips are expected to rise due to shortages in production capacity in comparison to their demand. Thus, the increasing prices of automotive chips will increase the net cost of automobiles. These issues and procedural complexities discourage chipset vendors from manufacturing chipsets, which poses a challenge to the market.

This automotive chip market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the automotive chip market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive chip market during the forecast period.

Who are the Major Automotive Chip Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Infineon Technologies AG
  • Maxim Integrated Products Inc.
  • Microchip Technology Inc.
  • Micron Technology Inc.
  • NVIDIA Corp.
  • NXP Semiconductors NV
  • Renesas Electronics Corp.
  • Robert Bosch GmbH
  • STMicroelectronics NV.
  • Texas Instruments Inc.

 

This statistical study of the automotive chip market encompasses successful business strategies deployed by the key vendors. The automotive chip market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • NVIDIA Corp. - The company offers automotive chips namely DRIVE Atlan.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive chip market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Chip Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive chip market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Chip Market?

Automotive Chip Market Market segmentation by region

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53% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive chip market in APAC. Market growth in this region will be slower than the growth of the market in North America.

The increasing disposable income and the launch of new car models by OEMs will facilitate the automotive chip market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Manufacturing and industrial activities in APAC were adversely impacted in 2020 by the COVID-19 pandemic. However, industrial sectors such as automobile and manufacturing are expected to recover soon, with the declining number of COVID-19 cases in the region. Therefore, the expected resumption of various manufacturing and industrial activities will positively impact the growth of the regional automotive chip market during the forecast period.

What are the Revenue-generating Vehicle Type Segments in the Automotive Chip Market?

Automotive Chip Market Segmentation

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The automotive chip market share growth by the passenger segment will be significant during the forecast period. The high volume sales of passenger cars across the globe are driving the growth of the segment. The segment witnessed high adoption of new technologies that enhance the comfort, convenience, and safety of vehicles. For instance, premium audio systems, which were earlier limited to the luxury cars segment, are now available in many mid-range car models. Owing to the above-mentioned factor, the demand for automotive chips is increasing in the passenger cars segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive chip market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Chip Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.53%

Market growth 2021-2025

$ 6.97 billion

Market structure

Fragmented

YoY growth (%)

2.97

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Chip Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive chip market growth during the next five years
  • Precise estimation of the automotive chip market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive chip industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive chip market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                                Exhibit 02:  Market characteristics

                2.2 Value chain analysis           

                                Exhibit 03:  Value Chain Analysis: Automotive components and accessories

                                2.2.1 Inputs

                                2.2.2 Inbound logistics

                                2.2.3 Operations

                                2.2.4 Distribution and logistics

                                2.2.5 Marketing and sales

                                2.2.6 Service

                                2.2.7 Industry innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ million)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                                Exhibit 09: Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 10: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 11: Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 12: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 13: Threat of rivalry

                4.7 Market condition

                                Exhibit 14: Market condition - Five forces 2020

5. Market Segmentation by Vehicle Type                     

                5.1 Market segments

                                Exhibit 15: Vehicle Type - Market share 2020-2025 (%)

                5.2 Comparison by Vehicle Type          

                                Exhibit 16: Comparison by Vehicle Type

                5.3 Passenger - Market size and forecast 2020-2025    

                                Exhibit 17:  Passenger - Market size and forecast 2020-2025 ($ million)

                                Exhibit 18:  Passenger - Year-over-year growth 2020-2025 (%)

                5.4 Commercial - Market size and forecast 2020-2025 

                                Exhibit 19:  Commercial - Market size and forecast 2020-2025 ($ million)

                                Exhibit 20:  Commercial - Year-over-year growth 2020-2025 (%)

                5.5 Market opportunity by Vehicle Type           

                                Exhibit 21:  Market opportunity by Vehicle Type

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 22:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                Exhibit 23:  Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 24:  Geographic comparison

                7.3 APAC - Market size and forecast 2020-2025              

                                Exhibit 25:  APAC - Market size and forecast 2020-2025 ($ million)

                                Exhibit 26:  APAC - Year-over-year growth 2020-2025 (%)

                7.4 Europe - Market size and forecast 2020-2025          

                                Exhibit 27:  Europe - Market size and forecast 2020-2025 ($ million)

                                Exhibit 28:  Europe - Year-over-year growth 2020-2025 (%)

                7.5 North America - Market size and forecast 2020-2025           

                                Exhibit 29:  North America - Market size and forecast 2020-2025 ($ million)

                                Exhibit 30:  North America - Year-over-year growth 2020-2025 (%)

                7.6 South America - Market size and forecast 2020-2025           

                                Exhibit 31:  South America - Market size and forecast 2020-2025 ($ million)

                                Exhibit 32:  South America - Year-over-year growth 2020-2025 (%)

                7.7 MEA - Market size and forecast 2020-2025               

                                Exhibit 33:  MEA - Market size and forecast 2020-2025 ($ million)

                                Exhibit 34:  MEA - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 35:  Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 36:  Market opportunity by geography

8. Drivers, Challenges, and Trends                   

                8.1  Market drivers    

                                8.1.1 Increasing adoption of engine control unit in vehicles

                                8.1.2 Growing focus on vehicle safety system

                                8.1.3 Rising trend of vehicle electrification

              8.2 Market challenges              

                                8.2.1 Expensive and complex technology

                                8.2.2 Network challenges in developing nations

                                8.2.3 Risk of operational failure

                            Exhibit 37:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Development of autonomous vehicles

                                8.3.2 Increasing awareness regarding shared connectivity and mobility

                                8.3.3 Increasing sales of ultra-luxurious vehicles

9. Vendor Landscape                             

                9.1 Vendor landscape

                                Exhibit 38: Vendor landscape

                9.2 Landscape disruption        

                                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 39: ?Landscape disruption?

                                Exhibit 40: Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 41:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 42:  Market positioning of vendors

                10.3 Infineon Technologies AG             

                                Exhibit 43:  Infineon Technologies AG - Overview

                                Exhibit 44:  Infineon Technologies AG - Business segments

                                Exhibit 45:  Infineon Technologies AG - Key offerings

                                Exhibit 46:  Infineon Technologies AG - Segment focus

                10.4 Maxim Integrated Products Inc. 

                                Exhibit 47:  Maxim Integrated Products Inc. - Overview

                                Exhibit 48:  Maxim Integrated Products Inc. - Business segments

                                Exhibit 49:  Maxim Integrated Products Inc. - Key offerings

                10.5 Microchip Technology Inc.            

                                Exhibit 50:  Microchip Technology Inc. - Overview

                                Exhibit 51:  Microchip Technology Inc. - Business segments

                                Exhibit 52:  Microchip Technology Inc. – Key news

                                Exhibit 53:  Microchip Technology Inc. - Key offerings

                                Exhibit 54:  Microchip Technology Inc. - Segment focus

                10.6 Micron Technology Inc.  

                                Exhibit 55:  Micron Technology Inc. - Overview

                                Exhibit 56:  Micron Technology Inc. - Business segments

                                Exhibit 57:  Micron Technology Inc. - Key offerings

                                Exhibit 58:  Micron Technology Inc. - Segment focus

                10.7 NVIDIA Corp.      

                                Exhibit 59:  NVIDIA Corp. - Overview

                                Exhibit 60:  NVIDIA Corp. - Business segments

                                Exhibit 61:  NVIDIA Corp. - Key offerings

                                Exhibit 62:  NVIDIA Corp. - Segment focus

                10.8 NXP Semiconductors NV

                                Exhibit 63:  NXP Semiconductors NV - Overview

                                Exhibit 64:  NXP Semiconductors NV - Business segments

                                Exhibit 65:  NXP Semiconductors NV – Key news

                                Exhibit 66:  NXP Semiconductors NV - Key offerings

                10.9 Renesas Electronics Corp.             

                                Exhibit 67:  Renesas Electronics Corp. - Overview

                                Exhibit 68:  Renesas Electronics Corp. - Business segments

                                Exhibit 69:  Renesas Electronics Corp. - Key news

                                Exhibit 70:  Renesas Electronics Corp. - Key offerings

                                Exhibit 71:  Renesas Electronics Corp. - Segment focus

                10.10 Robert Bosch GmbH     

                                Exhibit 72:  Robert Bosch GmbH - Overview

                                Exhibit 73:  Robert Bosch GmbH - Business segments

                                Exhibit 74:  Robert Bosch GmbH– Key news

                                Exhibit 75:  Robert Bosch GmbH - Key offerings

                                Exhibit 76:  Robert Bosch GmbH - Segment focus

                10.11 STMicroelectronics NV.

                                Exhibit 77:  STMicroelectronics NV. - Overview

                                Exhibit 78:  STMicroelectronics NV. - Business segments

                                Exhibit 79:  STMicroelectronics NV – Key news

                                Exhibit 80:  STMicroelectronics NV. - Key offerings

                                Exhibit 81:  STMicroelectronics NV. - Segment focus

                10.12 Texas Instruments Inc.

                                Exhibit 82:  Texas Instruments Inc. - Overview

                                Exhibit 83:  Texas Instruments Inc. - Business segments

                                Exhibit 84:  Texas Instruments Inc. - Key offerings

                                Exhibit 85:  Texas Instruments Inc. - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 ????Objectives

                                11.1.3 ????Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 86: ?Currency conversion rates for US$?

                11.3 Research Methodology 

                                Exhibit 87: ?Research Methodology

                                Exhibit 88: ??Validation techniques employed for market sizing?

                                Exhibit 89: ??Information sources

                11.4 List of abbreviations        

                                Exhibit 90: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Automotive Chip market growth will increase by $6975.86 million during 2020-2025.
The automotive chip market is expected to grow at a CAGR of 4.53% during 2020-2025.
Technavio has segmented the automotive chip market by other1 (Passenger and Commercial) and geographic (APAC, Europe, North America, South America, and MEA).
Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV., Texas Instruments Inc. are a few of the key vendors in the automotive chip market.
APAC will register the highest growth rate of 52.68% among the other regions. Therefore, the automotive chip market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the automotive chip market growth are:
  • Increasing adoption of engine control unit in vehicles
The automotive chip market vendors should focus on grabbing business opportunities from the passenger segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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