(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:35 /Comserve / -- The global Chips Automotive market is segregated on the basis of Type as Analog ICs, Logic ICs, Microcontroller, and Memory.
The global Chips Automotive Market will grow by US$ 54.1 Billion by 2024 at a CAGR of 10.3% in the given forecast period.
Automotive chips are integrated into a vehicle to promote the orderly 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. Additionally, other advantages offered by automotive chips are free space sensing, gesture-based recognition, driver vital-sign monitoring, and occupancy detection.
Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive chip market. In addition, rising need for better safety in vehicles, stringent automobile standards and increasing demand for engine control unit (ECU) in automobiles are some of the vital influential factors motivating the growth of global automotive chip market.
The global Chips Automotive market is segregated on the basis of Type as Analog ICs, Logic ICs, Microcontroller, and Memory. Based on Application the global Chips Automotive market is segmented in Body Electronics, Telematics & Infotainment, Powertrain, Safety System, and Chassis. Based on End User the global Chips Automotive market is segmented in Passenger Car and Commercial Vehicle.
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The global Chips Automotive market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Chips Automotive market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Robert Bosch, Texas instruments, NXP Semiconductors, Infineon Technologies, Renesas Electronics Corporation, STM Microelectronics, and others are among the major players in the global Chips Automotive market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Chips Automotive Market has been segmented as below:
Chips Automotive Market, By Type
Chips Automotive Market, By Application
Telematics & Infotainment
Chips Automotive Market, By End User
Chips Automotive Market, By Region
Rest of the World
Chips Automotive Market, By Company
Renesas Electronics Corporation
The report covers:
Global Chips Automotive market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Chips Automotive market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Chips Automotive market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
The global Chips Automotive market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Chips Automotive market share. Major industry players with significant revenue share include Robert Bosch, Texas instruments, NXP Semiconductors, Infineon Technologies, Renesas Electronics Corporation, STM Microelectronics, and others.
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Gain detailed insights on the Chips Automotive industry trends
Find complete analysis on the market status
Identify the Chips Automotive market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making.
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