Automotive Chip Market by Component (Analog ICs, Logic ICs, Memory), Application (Body Electronics, Chassis, Powertrain), Vehicle Type - Global Forecast 2024-2030

SKU
MRR-F6513A06BEDE
Region
Global
Publication Date
September 2024
Delivery
Immediate
2023
USD 41.14 billion
2030
USD 79.55 billion
2024
USD 45.09 billion
CAGR
9.87%
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[196 Pages Report] The Automotive Chip Market size was estimated at USD 41.14 billion in 2023 and expected to reach USD 45.09 billion in 2024, at a CAGR 9.87% to reach USD 79.55 billion by 2030.

Automotive chips, or semiconductor chips, are crucial for managing engine functions, infotainment, braking systems, and driver assistance, ensuring optimal vehicle performance, safety, and convenience. Their necessity is emphasized by their roles in enhancing vehicle efficiency and safety, enabling advanced driver-assistance systems (ADAS), supporting the Internet of Things (IoT) and connected car capabilities, and facilitating the transition to electric and autonomous vehicles. These chips find applications in various segments such as powertrain and engine control, safety, ADAS, infotainment, and body electronics, serving end-users including passenger, commercial, electric, and autonomous vehicles. The growth of the market is driven by technological advancements in ADAS and infotainment, increasing adoption of electric vehicles (EV), rising demand for IoT and connected cars, and stricter emission and safety regulations. Opportunities exist in the expanding EV market through high-efficiency power management and battery control chips, investing in next-generation chips supporting higher-level autonomy, and leveraging 5G technology to enhance vehicular communication. However, challenges such as supply chain disruptions, high R&D and manufacturing costs, and the rapid pace of technological change pose significant hurdles. Innovation and research should focus on real-time processing and image recognition for ADAS, developing chips for better battery management and energy efficiency, and AI-driven chips for autonomous driving and smart systems. The automotive chip market is dynamic with rapid technological advancements and stringent regulatory standards, requiring decision-makers to stay agile, monitor industry trends, and invest in future-proof technologies. By navigating these influences and challenges strategically, businesses can seize opportunities in the automotive chip market to foster innovation and ensure a competitive edge.The automotive chip market is experiencing significant growth driven by technological advancements, regulatory changes, and shifting consumer preferences. In the United States, the focus on electric vehicles (EVs) and advanced driver-assistance systems (ADAS) fuels demand, supported by substantial investments in research and development (R&D). Canada aligns closely with U.S. trends, propelled by government incentives for clean technology. In the European Union (EU), stringent environmental regulations necessitate advanced chips, with ongoing investments in electric mobility stimulating the market. Middle Eastern and African nations are emerging markets with rising automotive manufacturing and smart infrastructure investments. The Asia-Pacific region, led by China, Japan, and South Korea, is characterized by rapid industrialization and technological innovation. Consumer demand is increasingly leaning towards electric vehicles and cars equipped with the latest safety and infotainment systems. Governments in this region are heavily investing in EV infrastructure, boosting chip demand. China, a major hub for production and consumption, leads in EV and ADAS technology, supported by favorable policies. Japan leverages its position with innovations in hybrid and hydrogen fuel cell technologies. India's market is rapidly expanding due to increased automotive production and government initiatives for EVs, fostering market growth. The U.S. regulatory framework emphasizes safety and emissions standards set by agencies, including the National Highway Traffic Safety Administration (NHTSA) and the Environmental Protection Agency (EPA), prompting vendors to develop advanced driver-assistance systems (ADAS) and electric vehicle (EV) chips. In the European Union (EU), stringent regulations such as the European Green Deal and Enhanced Vehicle Emission Standards (EVES) drive the demand for energy-efficient automotive chips, leading to continuous innovation. China promotes EVs through favorable policies, including the New Energy Vehicle (NEV) mandate, which fosters a robust demand for power management and battery control chips.
Automotive Chip Market
To learn more about this report, request a free PDF copy

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Chip Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing adoption of autonomous and connected vehicles worldwide
    • Stringent passenger and vehicle safety regulations
    • Emerging trend of vehicle analytics
  • Market Restraints
    • Volatility in raw material cost
  • Market Opportunities
    • Introduction of innovative automotive chip technologies
    • Significant investments in semi-conductor and chip manufacturing
  • Market Challenges
    • Concerns associated with chip shortages

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Chip Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Chip Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Chip Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Chip Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Chip Market, highlighting leading vendors and their innovative profiles. These include Analog Devices, Inc., Bully Dog by Derive Systems, Inc., Elmos Semiconductor SE, FCA Group, GlobalFoundries Inc., Holley Performance Products Inc, Hypertech, Inc., Infineon Technologies AG, INOVA Semiconductors GmbH, Intel Corporation, JET Performance, Marvell Technology, Inc., Microchip Technology Incorporated, Micron Technology, Inc., NVIDIA Corporation, NXP Semiconductors N.V., Onsemi by Semiconductor Components Industries, LLC, Panasonic Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD, SK Hynix Inc., STMicroelectronics N.V., Superchips Ltd, and Texas Instruments Incorporated.

Market Segmentation & Coverage

This research report categorizes the Automotive Chip Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Analog ICs
    • Logic ICs
    • Memory
    • Microcontrollers & Microprocessors
  • Application
    • Body Electronics
    • Chassis
    • Powertrain
    • Safety
    • Telematics & Infotainment
  • Vehicle Type
    • Commercial Vehicles
    • Passenger Vehicles

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive Chip Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Chip Market, by Component
  7. Automotive Chip Market, by Application
  8. Automotive Chip Market, by Vehicle Type
  9. Americas Automotive Chip Market
  10. Asia-Pacific Automotive Chip Market
  11. Europe, Middle East & Africa Automotive Chip Market
  12. Competitive Landscape
  13. List of Figures [Total: 21]
  14. List of Tables [Total: 291]
  15. List of Companies Mentioned [Total: 26]
Frequently Asked Questions
  1. How big is the Automotive Chip Market?
    Ans. The Global Automotive Chip Market size was estimated at USD 41.14 billion in 2023 and expected to reach USD 45.09 billion in 2024.
  2. What is the Automotive Chip Market growth?
    Ans. The Global Automotive Chip Market to grow USD 79.55 billion by 2030, at a CAGR of 9.87%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.