The Global Automotive Chip Market Size was valued nearly USD 22.89 billion by 2018 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 10.7 % during the forecast period, i.e. 2017-2025.

Global Automotive Chip Market Growth Opportunities (Revenue, Growth) By 2017-2025

Automotive chips are exploiting observing and controlling of different capacities in a vehicle. Such chip is used to deploy the calculations and to explain different assignments and makes the driving background significantly less demanding for the driver. There are five types of car chips or incorporated circuits ICs such as, general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs and blaze. Enhancing creation of vehicles and growing interest for vehicles is projected to significant upgrading the component for automobile chip market. Furthermore, rising requirement of vehicles safety, strict automobile benchmarks, and developing interest for engine control unit in cars is a part of the basic variables which will propel the development of worldwide car chip showcase it will help to drive the market at higher extent in the upcoming era.

Market Dynamics:

In 2016, the global automotive chip market size was valued at USD 23.44 billion and is anticipated to enhance at a CAGR of xx.XX% over the forecast period. Upcoming demand for  automobile connectivity chips, which provide high capacity data networking, and new age smart vehicle which will help to upgrade the safety of drivers and pedestrians,   also automatic vehicles, such as driverless taxis, is set to provide opportunities to increase the  growth rate in market over the forecast period. A concern with the protection of driver and passengers from accidents is projected to saddle the demand for automotive chips. Furthermore, these chips upgrade the vehicle security systems such as anti-theft system, smart key, automotive vehicle location, and anti-hijack systems.

Increasing awareness regarding shared connectivity & mobility as well as increasing demand for autonomous cars are projected to provide a tremendous growth in the market. Growing graph toward comfort & safety features, increasing sales of luxurious vehicles, and other technological advancements are factors to upgrade the adoption of the product in the automotive industry. Besides these factors, explode sales of high & middle segment cars are also likely to accelerate the market during upcoming period.

Market Segmentation:

On the basis of application, the safety segment is projected to register the highest CAGR xx.xx % in the upcoming period, due to growing awareness among people regarding vehicle and passenger safety. Furthermore, rising execution of vehicle safety standards integrate with several regulations pertaining to passenger safety is expected to grow the market at higher extent.

The telematics & infotainment segment is likely to tread along a healthy growth track over the upcoming period due to development in technological advancements in the automotive industry. Additionally, increasing adoption of navigation systems is benefitting the growth of the overall market during the forecast period.

Regional Analysis:

In 2016, North American was valued at USD 3.51 billion in terms of market size, and is likely to register healthy growth over the forecast period. On the other hand, Asia Pacific is anticipated to reach USD XXXX% billion by 2025, due to increasing production of vehicles in India, China, and Japan. In 2016, Asia Pacific held the most prominent position as the region was responsible for over half of the total global production of vehicles in the year. Europe accounted for the second largest market share. The Europe market is expected to spectator high growth rate in the coming era, due to presence of prominent luxury car manufacturers such as AUDI, BMW, and Volkswagen.

Global Automotive Chip Market Size, Share Analysis By Region 2017

Key Player:

Key players in the global automotive chip market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Infineon Technologies, Renesas Electronics Corporation, STM Microelectronics, Robert Bosch, Texas instruments and NXP Semiconductors among others.

Global Automotive Chip Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.