Global Automotive Chip Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global automotive chip market in its upcoming report titled, “Global Automotive Chip Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global automotive chip market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive chip market report has been segmented on the basis of component type, vehicle type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Automotive chips are used for controlling, and monitoring various functions in automobile. Automotive chips use algorithms to solve various tasks and offers easier driving experience to drivers. Five types of automotive chips or incorporated circuits (IC’s) available in the market include general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs, and blaze.

Increasing demand for passenger vehicles and rising production rate of vehicles across the globe are major factors expected to drive growth of the global market over the forecast period. In addition, increasing demand for innovative automobile connectivity chips, which are able to offer high level of capacity data network and new age smart vehicles to improve driver’s safety, and is another factor expected to further fuel growth of the target market. Furthermore, stringent automobile standards and rising preference toward engine control unit (ECU) in automobiles are other factors expected to support growth of this market in the near future. Moreover, increasing individual preference towards hybrid and electric vehicles is also an important factor expected to boost growth of the target market over the forecast period.

However, complex and high cost technologies, and network issues especially in developing countries are the major factors expected to restrain growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing preference towards comfort and safety features, and rising sales of ultra-luxurious vehicles, owing to its advanced functionalities.

Rising demand for fully automatic cars, and parking and technological advancements are expected to create potential revenue opportunities for players operating in the target market in the near future.

The market in North American is expected to register significant share in terms of revenue over the forecast period, owing to technological advancements in automotive sector, especially in the US. The market in Europe is expected to account for significant growth in terms of revenue over the forecast period, owing to increasing presence of luxury car manufacturers such as BMW, AUDI, Porsche, and Volkswagen. The market in Asia Pacific is expected to register moderate growth in terms of revenue, owing to increasing production rate of vehicle, especially in India.

Global automotive chip market segmentation:

Segmentation by component type:

• Logic ICs
• Analog ICs
• Microcontrollers & Microprocessors
• Memory

Segmentation by vehicle type:

• Passenger Vehicles
• Commercial Vehicles

Segmentation by application:

• Chassis
• Powertrain
• Safety
• Telematics & Infotainment
• Body Electronics

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa