Global Automotive Chip Market is anticipated to reach US$ 59.28 Bn. by 2029 from US$ 26.28 Bn. in 2021 at a CAGR of 10.7 % during a forecast period.

Automotive Chip  Market Scope:

The report provided by MMR is a detailed study of the Automotive Chip market, this study has also recognized all the major players in the global market based on the factors like volume, share, strategies, growth, etc. The report also suggests strategies for current market players as well as those who want to enter the market. The synopsis is expected to help and strengthen their position in the market

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Market overview:

The report has analyzed the market using various marketing methods like Porter's five forces, market share analysis, SWOT analysis, etc. In Porter's five forces, the factors and dynamics of the global market are recognized

This analysis is evaluated on various factors such as patents, government rules, and regulations, the impact of advertisements, the impact of COVID-19. All this data is expected to help in the decision-making process.

Automotive Chip Market Segment:  

Based on component kind, Logic IC component sales are anticipated to increase significantly over the projected period. This is related to the global surge in sales of various ultra-luxury vehicles. In the next years, it is anticipated that their ability to employ speech recognition to control entertainment and navigation devices would spur industry expansion.
The microcontroller and microprocessor component category is anticipated to hold a sizable share of the global market through 2027. On the other hand, analogue ICs are anticipated to keep their supremacy during the projected time due to their growing use for enhancing premium features in luxury vehicles.

The safety application category is anticipated to increase at the quickest rate among all application categories between 2021 and 2029. The rising awareness of safety and security when driving among the millennial demographic may be responsible for this growth. In addition, the market demand is projected to be boosted by the expanding body of rules and laws designed to guarantee vehicle safety standards.
More than 25.0 percent of the global market in 2021 went to the body electronics category. On the other hand, due to the rapid technological improvements made by the vehicle industry, the telematics and infotainment area is anticipated to gain prominence. The introduction of better navigation systems in cars is also anticipated to increase market demand.
insight into the regional automotive chip market

Automotive Chip Market Key players: 

• 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
• DiabloSport
• Hypertech
• Bully Dog
• Superchips
• Sprint Booster

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Regional Analysis:

  • North America (Canada, the United States, and Mexico.).
  • Europe (France, Russia, Italy, Germany, UK, Turkey, etc.).
  • Africa and the Middle East (Egypt and GCC Countries.).
  • Asia-Pacific (Vietnam, Philippines, Malaysia, Korea, China, Thailand, Australia, Indonesia, and India, Japan).
  • South America (Brazil etc.).

COVID-19 Impact:

COVID-19 has impacted many businesses and industries. The long-term effects of this are also present in the report, problems caused by COVID-19 are also mentioned in this report and the probable solution to those is mentioned too. Considering the COVID-19 norms there are changes in the rules and regulations of the market. The solutions given in the report are expected to help those affected by the Covid-19 crisis.

Highlights Of the Automotive Chip Market Study:

  • It gives a detailed view of the market.
  • The report mentions development strategies that will help the users.
  • Recent market trends are also listed in the report.
  • COVID-19 issues and the solution to those.
  • The report is based on historical and current market analysis.
  • It also mentions the factors affecting the growth of the market.

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