Markntel Advisors’ report, Automotive Chipset Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Automotive Chipset presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Automotive Chipset Market Research Report & Market Summary:
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 market has experienced substantial growth, primarily propelled by the increasing demand for connected cars and electric vehicles (EVs) in the automotive sector. This demand surge is driven by the automotive industry’s transition towards connected vehicles and EVs, which requires advanced semiconductor components, tailored specifically for automotive applications. Also, the proliferation of Advanced Driver Assistance Systems (ADAS) within automotive vehicles has resulted in an increased need for sensors, processors, and other semiconductor components, catering directly to automotive manufacturers and end users.
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Automotive Chipset Market Dynamics:
Key Driver-
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.
Automotive Chipset Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
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
The Automotive Chipset Market is currently shaped by the dominance of the Analog Integrated Circuits (ICs) segment, with its extensive utilization across various automotive applications such as power management, audio systems, and driver assistance systems.
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
The Safety System segment is poised to dominate the Automotive Chipset Market in the coming years. With increasing focus on vehicle safety and regulatory mandates encouraging the deployment of advanced safety features, such as collision avoidance systems and lane departure warning systems, the demand for automotive chipsets for safety applications is expected to witness significant growth. Moreover, the rising adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies further drives the demand for chipsets used in safety applications.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Asia-Pacific stands out as the foremost regional market for automotive chips, fueled by the notable presence of major automakers in key countries such as China, South Korea, and Japan. This supremacy is attributed to several factors, chief among them being the escalating demand for electric vehicles (EVs) and advanced driver assistance systems (ADAS).
As indicated in the latest market research report published by Markntel Advisors, “Automotive Chipset Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Automotive Chipset industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/automotive-chipset-market.html
Top Companies Operating in the 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.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Automotive Chipset Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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