Global Automotive Chip Market Growth 2023-2029

Global Automotive Chip Market Growth 2023-2029

Automotive chips are utilized for the observing and controlling of different capacities in a vehicle. Such chips utilize calculations to explain different assignments and makes the driving background significantly less demanding for the driver. There are five distinctive kind of car chips or incorporated circuits (ICs, for example, general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs and blaze. Universally useful rationale ICs bolster PC fields and data gear, where there is a requirement for superior with different power supply voltage, abilities and capacities.

LPI (LP Information)' newest research report, the “Automotive Chip Industry Forecast” looks at past sales and reviews total world Automotive Chip sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Chip sales for 2023 through 2029. With Automotive Chip sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Chip industry.

This Insight Report provides a comprehensive analysis of the global Automotive Chip landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Chip portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Chip market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Chip and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Chip.

The global Automotive Chip market size is projected to grow from US$ 24760 million in 2022 to US$ 36760 million in 2029; it is expected to grow at a CAGR of 36760 from 2023 to 2029.

Global key car chip players include Infineon, NXP and UACJ etc. The top 3 companies hold a share about 51%. Asia-Pacific is the largest market with a share about 42%, followed by Europe and North America.

In terms of product, MCU Function Chip is the largeset segment with a share about 48%. And in terms of applications, the largest application is power control with a share about 32%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Chip market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Logic ICs
Analog ICs
Microcontrollers & Microprocessors
Memory

Segmentation by application
Chassis
Powertrain
Safety
Telematics & Infotainment

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP Semiconductors
Infineon Technologies
Renesas Electronics
STMicroelectronics
Texas Instruments Incorporated
Robert Bosch GmbH
ON Semiconductor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Chip market?

What factors are driving Automotive Chip market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Chip market opportunities vary by end market size?

How does Automotive Chip break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.