Automotive chip market growing at exponential CAGR of 9% during the forecast period.

Automotive chips are mounted on a vehicle to ensure the smooth functioning of body electronics, telematics and infotainment, powertrain, and chassis and safety systems. These chips are employed in a vehicle to cater to automotive applications, such as blind spot detection, advanced driving assistance system, lane-change assistance, and parking assistance. The factors that influence the demand for automotive chip are automotive-semiconductor sales growth, a booming automotive industry coupled with the increasing registration of new cars, and stringent government regulations regarding automotive safety and emission. On the other hand, the major opportunities in the market are the increasing sales of hybrid and electric vehicles and the growing presence of auto-manufacturers in emerging economies. The risk of operational failures might restrain the market growth.

The global automotive chip market is estimated to register 12.87% CAGR during the forecast period, 2018–2023. In 2017, the market was led by Asia-Pacific with a 51.8% share, followed by Europe and North America with shares of 23.6% and 17.9%, respectively.

The global automotive chip market has been segmented based on product, application, vehicle type, propulsion, and region. On the basis of product, the analog IC segment accounted for the largest market share of 42.4% in 2017, with a market value of USD 14,947.3 million; it is projected to register 15.93% CAGR during the forecast period. On the basis of application, the body electronics segment accounted for the larger market share of 27.4% in 2017, with a market value of USD 9,660.9 million; it is projected to witness 12.24% CAGR during the forecast period. On the basis of vehicle type, the passenger car segment accounted for the larger market share of 71.2% in 2017, with a market value of USD 25,132.7 million; it is projected to exhibit 12.32% CAGR during the forecast period. On the basis of propulsion, the ICE vehicle segment accounted for the larger market share of 95.57% in 2017, with a market value of USD 34,072.2 million; it is projected to exhibit 12.67% CAGR during the forecast period.

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Key Players

The key players operating in the global automotive chip market share are Robert Bosch GmbH (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), Texas Instruments Incorporated (US), NXP Semiconductors (Netherlands), ROHM Semiconductor (Japan), and Denso Corporation (Japan).

Market Research Analysis

Asia-Pacific held the largest market share in the global automotive chip market.

Asia-Pacific is the prime hub for automobile manufacturers, owing to the growth of the automotive sector in China, Japan, and India. The automotive sector is a major contributor to the GDP of these countries. The growing demand for automotive semiconductor devices, especially for luxury and premium cars is expected to increase the need for automotive chips during the forecast period. Moreover, the established players in the region are investing more to develop innovative products and enhance existing products, which opens new opportunities for global automotive manufacturers. Europe is expected to be the second largest market during the forecast period, owing to the increasing demand for system-on-chip (SoC) systems in vehicles and the cooperation between OEMs, tier one automotive manufacturers, and integrated circuit (IC) manufacturers.

Scope of the Report

This report provides an in-depth analysis of the global automotive chip market growth, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and the rest of the world . The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive chip market by its type, rated current, end-use, and by region.

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By Product

Analog ICs

Microcontrollers & Microprocessors

Logic ICs

Others

By Application

Body Electronics

Telematics & Infotainment

Powertrain

Safety System

Chassis

By Vehicle Type

Passenger Car

Commercial Vehicle

By Propulsion

ICE

BEVs

HEVs

By Region

North America

US

Mexico

Canada

Europe

Germany

UK

France

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Rest of the World

South America

Middle East & Africa

Table Of Content

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope Of The Study 17

2.3 List Of Assumptions 18

2.4 Market Structure 18

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 22

3.5 Forecast Model 23

4 Market Dynamics

4.1 Introduction 25

4.2 Drivers 26

4.2.1 Increased Automotive-Semiconductor Sales 26

4.2.2 Booming Automotive Industry Coupled With The Increasing Registration Of New Cars 27

4.2.3 Stringent Government Regulations On Automotive Safety And Reducing Vehicle Emission 28

4.2.4 Driver Impact Analysis 28

4.3 Restraint 29

4.3.1 Risk Of Operational Failures 29

4.3.2 Restraint Impact Analysis 29

4.4 Opportunities 29

4.4.1 Increased Sales Of Hybrid And Electric Vehicle 29

4.4.2 Increasing Auto-Manufacturers In The Emerging Economies 31

5 Market Factor Analysis

5.1 Porter’s Five Forces Model 33

5.1.1 Threat Of New Entrants 33

5.1.2 Bargaining Power Of Suppliers 34

5.1.3 Bargaining Power Of Buyers 34

Continued………

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