Automotive Chips Market
Global Automotive Chips Market Size, Share & Trends Analysis Report by Product Type (Logic ICs, Analog ICs, and Microcontrollers & Microprocessors), by Application (Chassis, Powertrain, Safety, Telematics & Infotainment, and Body Electronics), and by Vehicle Type (Passenger Vehicles, and Commercial Vehicles) Forecast (2022-2028) Update Available - Forecast 2024-2030
The global automotive chips market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is thriving the market is the growing advanced features in the vehicles. With technological development, vehicles have been getting more and more advance with the latest technologies. Most of the technologies are pushing for autonomous features such as advanced driver-assistance systems (ADAS), Autopilot, emergency braking systems, auto on/off, and others. All these systems require automotive chips to perform accurately. Thus, the demand for the chips is so high that the market players are increasing production exponentially. For instance, in September 2021, The US chipmaker, GlobalFoundries informed that it is on track to double the output of its automotive chips for 2021 in response to an unprecedented global supply crunch and spent a further $6 billion for expanding overall production capacity.
Impact of COVID-19 Pandemic on Global Automotive Chips Market
COVID-19 pandemic had impacted most industries owning to the lockdown in most nations to control the spread of the virus. It affected the overall demand for vehicles in the market. However, the automotive chips market grew exponentially as the demand for the electric vehicle, and advanced features in the vehicles grew significantly. As per the annual report of Taiwan Semiconductor Manufacturing Co. Ltd., the company generated a net income of $17.60 billion on consolidated revenue of $45.51 billion, which increased 57.5% and 31.4% respectively from 2019 level of $11.18 billion net income and $34.63 billion consolidated revenue.
Segmental Outlook
The global automotive chips market is segmented based on the product type, application, and vehicle type. Based on the product type, the market is segmented into logic ICs, analog ICs, and microcontrollers & microprocessors. Based on the application, the market is sub-segmented into the chassis, powertrain, safety, telematics & infotainment, and body electronics. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Based on product type, microcontrollers & microprocessors are estimated to grow significantly during the forecast period owing to the increasing multiple small features in a vehicle to have an edge over the other vehicles for staining in the competition.
Global Automotive Chips Market Share by Vehicle Type, 2021 (%)
The Passenger Vehicles Segment Projected to Hold the Major Share in the Global Automotive Chips Market
The passenger vehicle segment is estimated to hold the major share in the global automotive chips market and is anticipated to grow significantly during the forecast period. Passenger vehicles have been dominating the market since the inception of the vehicle industry. These vehicles are used by most people for various reasons while commercial vehicles are used by some for specific works. Its dominance has been also seen in the automotive chips market, as the demand for automotive chips is growing with the passenger vehicles demand. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA) the production of the passenger vehicle was 57,054,295 in 2021, while the commercial vehicle was produced 23,091,693 which is 59% lesser than the production of passenger vehicles.
Regional Outlooks
The global automotive chips market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is projected to hold the major share in the market followed by Europe, and then North America.
Global Automotive Chips Market Growth, by Region 2022-2028
The Asia-Pacific Region is Anticipated to Hold the Major Share in the Global Automotive Chips Market
Asia Pacific region is estimated to hold the major share in the electric vehicle fluids market globally owing to the presence of emerging countries such as China, India, Japan, South Korea, and others. The region is the most populous and has major vehicle markets such as Toyota, Honda, Nio, Tata, and others. With the improving financial state of people, the vehicle market and competitiveness between market players are also growing. This has increased the use of automotive chips to increase the features for surviving in the competitiveness. As per the data of OICA, 46,732,785 vehicles were produced in the Asia Pacific region in 2021 which is 58.3% of the total vehicles were produced across the globe in 2021.
Market Players Outlook
The major companies serving the global automotive chips market include Microchip Technology Inc., NVIDIA Corp., Robert Bosch GmbH, Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments (TI), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, General Motors targeted to resolve the chip shortage with new designs built in North America.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive chips market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Chips Market
• Recovery Scenario of Global Automotive Chips Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Microchip Technology Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. NVIDIA Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Robert Bosch GmbH
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Taiwan Semiconductor Manufacturing Co. Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Texas Instruments (TI)
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Chips Market by Product Type
4.1.1. Logic ICs
4.1.2. Analog ICs
4.1.3. Microcontrollers & Microprocessors
4.2. Global Automotive Chips Market by Application
4.2.1. Chassis
4.2.2. Powertrain
4.2.3. Safety
4.2.4. Telematics & Infotainment
4.2.5. Body Electronics
4.3. Global Automotive Chips Market by Vehicle Type
4.3.1. Passenger Vehicles
4.3.2. Commercial Vehicles
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advanced Micro Devices, Inc. (Xilinx)
6.2. Arm Ltd.
6.3. General Motors Co.
6.4. Infineon
6.5. KPIT Technologies Ltd.
6.6. Maxim Integrated Products, Inc.
6.7. Micron Technology, Inc., NXP
6.8. Semiconductors N.V.
6.9. Qualcomm Inc.
6.10. Renesas Electronics Corp.,
6.11. STMicroelectronics
6.12. Synopsys
6.13. TomTom International BV
6.14. Toshiba Electronic Devices & Storage Corp.
6.15. Toyota Motor Corp.
1. GLOBAL AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL LOGIC ICS AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ANALOG ICS AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MICROCONTROLLERS & MICROPROCESSORS AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL AUTOMOTIVE CHIPS FOR CHASSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AUTOMOTIVE CHIPS FOR POWERTRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE CHIPS FOR SAFETY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE CHIPS FOR TELEMATICS & INFOTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE CHIPS FOR BODY ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
12. GLOBAL PASSENGER VEHICLES AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL COMMERCIAL VEHICLES AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. EUROPEAN AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30. REST OF THE WORLD AUTOMOTIVE CHIPS MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE CHIPS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE CHIPS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE CHIPS MARKET, 2022-2028 (%)
4. GLOBAL AUTOMOTIVE CHIPS MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
5. GLOBAL LOGIC ICS AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ANALOG ICS AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MICROCONTROLLERS & MICROPROCESSORS AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL AUTOMOTIVE CHIPS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL AUTOMOTIVE CHIPS FOR CHASSIS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE CHIPS FOR POWERTRAIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE CHIPS FOR SAFETY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE CHIPS FOR TELEMATICS & INFOTAINMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE CHIPS FOR BODY ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMOTIVE CHIPS MARKET SHARE BY VEHICLE TYPE, 2021 VS 2028 (%)
15. GLOBAL PASSENGER VEHICLES AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL COMMERCIAL VEHICLES AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL AUTOMOTIVE CHIPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
20. UK AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD AUTOMOTIVE CHIPS MARKET SIZE, 2021-2028 ($ MILLION)
