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Global Automotive Chip Market Growth 2024-2030

Global Automotive Chip Market Growth 2024-2030

Product Code:1141974

Published Date: Oct 13,2024

Pages: 151

Region: Global

Category: Automobile & Transportation

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Automotive chips refer to integrated circuits used in cars. They are circuit modules that integrate multiple electronic components on a silicon board to achieve specific functions. Integrated circuits are responsible for computing and storage in electronic devices and are the most important part of electronic devices. In cars, integrated circuits are widely used in various systems, such as engine control units, in-vehicle entertainment systems, safety systems, etc.

Automotive chips refer to semiconductor products used for automotive electronic control devices in vehicles and on-board automotive electronic control devices. It is estimated that the average number of semiconductors per vehicle is about 1,600. These semiconductor devices are distributed in various devices and systems of the vehicle, and it is the automotive chips that dominate their collaborative work, such as computing chips, storage chips, and microcontrollers MCU. From the perspective of application, cars are inseparable from a variety of chips, from tire pressure monitoring systems TMPS and cameras to vehicle controllers and autonomous driving domain controllers. It can be said that the intelligence of cars is the intelligence of chips. The number of chips in traditional cars is about 500 to 600. With the increase of functions such as autonomous driving and new energy, the number of chips is now about 1,000 to 1,200. Some models that focus on intelligence require more chips.

The global Automotive Chip market size is projected to grow from US$ 28460 million in 2024 to US$ 40650 million in 2030; it is expected to grow at a CAGR of 6.1% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Chip Industry Forecast” looks at past sales and reviews total world Automotive Chip sales in 2023, providing a comprehensive analysis by region and market sector of projected Automotive Chip sales for 2024 through 2030. 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.

Data from the World Automobile Organization (OICA) shows that currently, more than 90% of the world's automobiles are concentrated in Asia, Europe and North America, of which Asia accounts for 56% of global automobile production, Europe accounts for 20%, and North America accounts for 16%. In 2023, global passenger car sales will reach 65.27 million units and commercial vehicle sales will reach 27.45 million units.

With the rapid rise of the new energy vehicle market, the automotive chip market has also ushered in explosive growth. Battery management systems, motor control systems, and autonomous driving systems in new energy vehicles all require high-performance chip support.

Users' preference for intelligent network technology and demand for intelligent safety technology are increasing, and these demands must be met by automotive chips, so the demand for the automotive chip market has also increased.

Driven by new technologies such as autonomous driving and vehicle networking, automotive electronics has become an important growth driver for the chip market. According to relevant data, the automotive electronics field has occupied a large share of the chip market in recent years and is expected to maintain rapid growth in the next few years.

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.

Segmentation by Type:
    Computing Chip
    MCU Functional Chip
    Power Chip
    Drive Chip
    Sensor Chip
    Analog Chip
    Functional Safety Chip
    Memory Chip
    Communication Chip

Segmentation by Application:
    Power Control
    Battery Management
    In-vehicle Infotainment System
    Advanced driver assistance system (ADAS)
    Other

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 analysing the company's coverage, product portfolio, its market penetration.
    Infineon Technologies
    NXP
    Renesas Electronics
    Texas Instruments
    STMicroelectronics
    ON Semiconductor
    Microchip Technology
    Micron Technology
    Samsung Electronics
    SK Hynix
    Winbond Electronics
    Western Digital
    Nexperia Semiconductor (Wingtech Technology)
    Kioxia
    GigaDevice
    Beijing Silicon Semiconductor (Beijing Ingenic)
    Analog Devices
    Nanya Technology
    Semidrive Technology
    Horizon
    Star Power 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 by Type, by Application?