The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Automotive Chipset Market Industry (2024-2030):
According to the latest report, the Global Automotive Chipset Market size is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Global Automotive Chipset Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 12.5%
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What are the major Driver the Global Automotive Chipset Market ?
Rapid Expansion of Automotive Chips in Response to Vehicle Electrification & Intelligence – The rapid expansion of automotive chips is closely related to the increasing use of electric vehicles. As automobiles advance into the smart era, automotive chips are becoming fundamental to this transition. They serve as the backbone of the technological revolution in vehicles, particularly within smart terminals, which act as central control centers for these innovations. Various chips, including primary control, power, memory, communication, and interface chips, are experiencing swift development to meet the growing demands of electric vehicles.
Moreover, the ongoing refinement of autonomous driving technology is further fueling the expansion of automotive chips, requiring a significantly higher number of different chip types, compared to traditional automobiles. Moreover, as manufacturing facilities are being built & expanded in the US, American companies are still reliant on manufacturers in Asia for high-quality and economical chipsets for vehicle.
Global Automotive Chipset Market Segmentation
The Global Automotive Chipset Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Chip Type
- Analog ICs- Market Size & Forecast 2019-2030F, USD Million
- Logic ICs- Market Size & Forecast 2019-2030F, USD Million
- Microcontrollers & Microprocessors- Market Size & Forecast 2019-2030F, USD Million
- Others (Memory ICs, Interface ICs, etc.)- Market Size & Forecast 2019-2030F, USD Million
- By Vehicle Type
- Passenger Vehicles- Market Size & Forecast 2019-2030F, USD Million
- Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
- Light Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
- Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
- By Propulsion
- ICE- Market Size & Forecast 2019-2030F, USD Million
- Electric or Hybrid Vehicles- Market Size & Forecast 2019-2030F, USD Million
- By Application
- Safety System- Market Size & Forecast 2019-2030F, USD Million
- Body Electronics- Market Size & Forecast 2019-2030F, USD Million
- Chassis- Market Size & Forecast 2019-2030F, USD Million
- Telematics & Infotainment- Market Size & Forecast 2019-2030F, USD Million
- Powertrain- Market Size & Forecast 2019-2030F, USD Million
- Others (Advance Driver Assistance System (ADAS), Autonomous Driving, etc.) - Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Global Automotive Chipset Market is expected to be dominated by the North America by capturing the potential market share.
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Top Companies in the Global Automotive Chipset Market
NXP Semiconductors, Analog Devices, Inc., Renesas Electronics Corporation, Toshiba Corporation, Robert Bosch GmbH, ROHM Co., Ltd., Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics, Samsung Electronics, NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Microchip Technology, Inc., SK Hynix Inc., and among others
Global Automotive Chipset Industry Recent Development:
- 2023: Robert Bosch GmbH announced to invest around USD 3.23 billion in its semiconductor division by 2026 as part of the IPCEI funding program on microelectronics and communications technology. This significant financial commitment highlights Bosch's dedication to expanding its footprint in the semiconductor industry.
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