Global Automotive Chip Market 2021-2025

Global Automotive Chip Market 2021-2025

Technavio has been monitoring the automotive chip market and it is poised to grow by $ 6.97 bn during 2021-2025, progressing at a CAGR of 4.53% during the forecast period. Our report on the automotive chip market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the icreasing adoption of engine control units in vehicles and the growing focus on vehicle safety system. In addition, the increasing adoption of engine control units in vehicles is anticipated to boost the growth of the market as well.

The automotive chip market analysis includes the vehicle type segment and geographic landscape.

Technavio's automotive chip market is segmented as below:

By Vehicle Type

• Passenger
• Commercial

By Geographic

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the rising trend of vehicle electrificationas one of the prime reasons driving the automotive chip market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive chip market covers the following areas:

• Automotive chip market sizing
• Automotive chip market forecast
• Automotive chip market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive chip market vendors that include 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. Also, the automotive chip market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

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.