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 Overview:

A research team conducted extensive primary and secondary research for the Automotive Chip market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.

Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.

As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.

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Market Scope:

The report contributes to a better knowledge of the global Automotive Chip market's dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms' pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Automotive Chip market, the study also contains a PESTLE analysis.

Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global Automotive Chip market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Automotive Chip Market based on price, financial position, growth strategies, and geographic presence.

Automotive Chip Market Segment: 

Logic ICs are predicted to have significant growth in the component category over the course of the forecast 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 experience the quickest growth over the estimated period of 2021 to 2029. This increase could be attributed to millennials' increased awareness of safety and security when driving. In addition, the market demand is probably going to be fueled by the expanding number of laws and regulations targeted at ensuring automobile safety standards.

Over 25.0% of the global market in 2021 was made up by the body electronics segment. The telematics and infotainment segment, on the other hand, is anticipated to gain prominence as a result of the quick technological improvements made by the automotive industry. Additionally, it is anticipated that the introduction of better navigation systems in cars will increase market demand.
Regional Insights for the 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
• Qualcomm Technologies
• JET Performance
• DiabloSport
• Hypertech
• Bully Dog
• Superchips
• Sprint Booster

Regional Analysis:

The Automotive Chip Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Automotive Chip Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.

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COVID-19 Impact Analysis on Automotive Chip Market: The report covers COVID-19 impact on Automotive Chip market.

Key Questions Answered in the Automotive Chip Market Report are:

  • What will the CAGR of the Automotive Chip market be during the forecast period?
  • In the Automotive Chip market, which market segment has become the market leader?
  • Which companies dominate the Automotive Chip market?
  • In 2029, how big will the Automotive Chip market be?
  • Which company held the largest proportion of the Automotive Chip market?

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