Global Automotive Chip Market Size Study, by Product, by Application, by Vehicle Type, by Propulsion, and Regional Forecasts 2022-2032

Description

The global automotive chip market is valued at approximately USD 50.74 billion in 2023 and is projected to grow at a remarkable CAGR of 10.66% during the forecast period 2024-2032. Automotive chips are critical components that enable a wide range of functionalities in modern vehicles, including enhanced safety, connectivity, and fuel efficiency. These advanced integrated circuits are integral to the operation of electronic systems in vehicles, from infotainment to autonomous driving. The market is experiencing unprecedented growth, fueled by the increasing adoption of electric vehicles (EVs) and the integration of advanced driver-assistance systems (ADAS) across automotive segments.

The proliferation of connected vehicles and the escalating consumer demand for feature-rich infotainment and telematics systems are major growth drivers. Analog ICs and microcontrollers, pivotal for managing power and processing tasks, dominate the product landscape. Moreover, the emergence of electric vehicles, coupled with stringent regulatory standards for emission control, has intensified the demand for specialized chips tailored for powertrain and battery management systems. However, the global semiconductor shortage and the high cost of research and development pose significant challenges, potentially hampering the market's expansion.

The rapid evolution of automotive technology has catalyzed substantial investments in chip innovation. Autonomous driving, characterized by its reliance on complex sensor systems and real-time processing capabilities, has emerged as a significant growth area. Furthermore, advancements in 5G networks are facilitating seamless vehicle-to-everything (V2X) communication, enhancing road safety and operational efficiency. Strategic partnerships between automakers and semiconductor manufacturers are accelerating the pace of innovation, fostering a competitive and collaborative market environment.

Regionally, Asia Pacific emerged as the largest market in 2023, driven by the region's robust automotive manufacturing base and increasing adoption of EVs. North America, characterized by high investments in autonomous vehicle technologies, represents another significant market. Meanwhile, Europe is witnessing robust growth due to stringent emissions regulations and the rising penetration of premium vehicles equipped with advanced electronic systems.

Major market players included in this report are:

NXP Semiconductors
Infineon Technologies AG
Texas Instruments Incorporated
Renesas Electronics Corporation
STMicroelectronics N.V.
Analog Devices, Inc.
Microchip Technology Inc.
Qualcomm Incorporated
NVIDIA Corporation
Broadcom Inc.
Intel Corporation
ON Semiconductor Corporation
Samsung Electronics Co., Ltd.
Toshiba Corporation
Marvell Technology Group Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product:

Analog ICs
Microcontrollers & Microprocessors
Logic ICs

By Application:

Body Electronics
Telematics & Infotainment
Powertrain
Safety System
Chassis

By Vehicle Type:

Passenger Car
Commercial Vehicle

By Propulsion:

Internal Combustion Engine (ICE)
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Detailed market forecasts and revenue estimates for a 10-year period.
In-depth regional analysis and insights into country-specific trends.
Strategic recommendations based on market dynamics and trends.
Competitive landscape analysis highlighting key players and their strategies.
Comprehensive evaluation of supply-demand factors driving market growth.

Chapter 1. Global Automotive Chip Market Executive Summary

1.1. Global Automotive Chip Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.3.3. By Vehicle Type
- 1.3.4. By Propulsion
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Chip Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Chip Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for High-Speed Connectivity
- 3.1.2. Advancements in Fiber Optic Technologies
- 3.1.3. Expansion of Data Centers and Cloud Computing
3.2. Market Challenges
- 3.2.1. High Initial Deployment Costs of Active Optical Cables
- 3.2.2. Compatibility Issues Across Network Components
3.3. Market Opportunities
- 3.3.1. Growth in Emerging Markets
- 3.3.2. Strategic Partnerships and Collaborations
- 3.3.3. Innovations in Hybrid Connectivity Solutions

Chapter 4. Global Automotive Chip Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Chip Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Chip Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Analog ICs
- 5.2.2. Microcontrollers & Microprocessors
- 5.2.3. Logic ICs

Chapter 6. Global Automotive Chip Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Chip Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Body Electronics
- 6.2.2. Telematics & Infotainment
- 6.2.3. Powertrain
- 6.2.4. Safety System
- 6.2.5. Chassis

Chapter 7. Global Automotive Chip Market Size & Forecasts by Vehicle Type 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Chip Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Passenger Car
- 7.2.2. Commercial Vehicle

Chapter 8. Global Automotive Chip Market Size & Forecasts by Propulsion 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Chip Market: Propulsion Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Internal Combustion Engine (ICE)
- 8.2.2. Battery Electric Vehicles (BEVs)
- 8.2.3. Hybrid Electric Vehicles (HEVs)

Chapter 9. Global Automotive Chip Market Size & Forecasts by Region 2022-2032

9.1. North America Automotive Chip Market
- 9.1.1. U.S. Automotive Chip Market
  - 9.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Automotive Chip Market
  - 9.1.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
9.2. Europe Automotive Chip Market
- 9.2.1. UK Automotive Chip Market
- 9.2.2. Germany Automotive Chip Market
- 9.2.3. France Automotive Chip Market
- 9.2.4. Spain Automotive Chip Market
- 9.2.5. Italy Automotive Chip Market
- 9.2.6. Rest of Europe Automotive Chip Market
9.3. Asia-Pacific Automotive Chip Market
- 9.3.1. China Automotive Chip Market
- 9.3.2. India Automotive Chip Market
- 9.3.3. Japan Automotive Chip Market
- 9.3.4. Australia Automotive Chip Market
- 9.3.5. South Korea Automotive Chip Market
- 9.3.6. Rest of Asia Pacific Automotive Chip Market
9.4. Latin America Automotive Chip Market
- 9.4.1. Brazil Automotive Chip Market
- 9.4.2. Mexico Automotive Chip Market
- 9.4.3. Rest of Latin America Automotive Chip Market
9.5. Middle East & Africa Automotive Chip Market
- 9.5.1. Saudi Arabia Automotive Chip Market
- 9.5.2. South Africa Automotive Chip Market
- 9.5.3. Rest of Middle East & Africa Automotive Chip Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. NXP Semiconductors
- 10.1.2. Infineon Technologies AG
- 10.1.3. Texas Instruments Incorporated
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. NXP Semiconductors
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Infineon Technologies AG
- 10.3.3. Texas Instruments Incorporated
- 10.3.4. Renesas Electronics Corporation
- 10.3.5. STMicroelectronics N.V.
- 10.3.6. Analog Devices, Inc.
- 10.3.7. Microchip Technology Inc.
- 10.3.8. Qualcomm Incorporated
- 10.3.9. NVIDIA Corporation
- 10.3.10. Broadcom Inc.
- 10.3.11. Intel Corporation
- 10.3.12. ON Semiconductor Corporation
- 10.3.13. Samsung Electronics Co., Ltd.
- 10.3.14. Toshiba Corporation
- 10.3.15. Marvell Technology Group Ltd.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes