
Semiconductor Chips For Automotive Market
Semiconductor Chips For Automotive Market Global Industry Assessment & Forecast
Segments Covered
By Type Analog Ics, Microcontrollers & Microprocessors, Memory, Others
By Application Telematics & Infotainment, Body Electronics, Safety, Others
By Vehicle Type Passenger Vehicles, Commercial Vehicles
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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19.48 Billion |
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32.81 Billion |
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7.51% |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The
global Semiconductor Chips For Automotive market was valued at USD 19.48 Billion in 2020 and is
projected to reach USD 32.81 Billion by 2028, growing at a CAGR of 7.51%%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 32.81 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 7.51%% |
Definition and Overview
The semicondutor automotive chips are used for monitoring and controlling of various functions in an automobile. Such chips use algorithms to solve various tasks and makes the driving experience much easier for the driver. These are also used in the electrical circuits control everything from in-car entertainment systems to battery management to driver assistance.
The
global Semiconductor Chips For Automotive market is segmented based on by Type, Application,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Semiconductor Chips For Automotive in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Semiconductor Chips For Automotive Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
The increasing demand ADAS in vehicles along with smart parking systems are anticipated to augment the growth of semiconductor chips for automotive market within the forecast period. The increasing adoption of ADAS owing to the advancement in technologies such as software algorithms, sensors, cameras, processors, and mapping that needs a chip for its integration with each other has improved the applicability of ADAS in vehicles and is expected to fuel the growth of the semiconductor chips for automotive market in the years to come.
Furthermore, the increasing awareness shared connectivity & mobility and increasing autonomous vehicle demand is also expected to augment the growth of the semiconductor chips for automotive market.
The increase in the overall cost of the vehicle and design complexities is anticipated to restrain the growth of the semiconductor chips for automotive market within the forecast period.
Global Semiconductor Chips For Automotive Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Type, Application, Vehicle Type |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Texas Instruments Inc., NXP Semiconductors, STMicroelectronics N.V., Microchip Technology Inc., Infineon Technologies AG, NVIDIA CORPORATION, Micron Technology, Inc., ON Semiconductor, Renesas Electronics, Maxim Integrated Products, Inc. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Type Analysis: Preview On the basis of Type,
the market is segmented into Analog Ics, Microcontrollers & Microprocessors, Memory,Others. Analog ICs held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Analog ICs
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Telematics & Infotainment, Body Electronics, Safety,Others. Telematics & Infotainment accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Semiconductor Chips For Automotive Market: Type Segment Analysis
-
- Analog Ics
- Microcontrollers & Microprocessors
- Memory
- Others
Global Semiconductor Chips For Automotive Market: Application Segment Analysis
-
- Telematics & Infotainment
- Body Electronics
- Safety
- Others
Global Semiconductor Chips For Automotive Market: Vehicle Type Segment Analysis
-
- Passenger Vehicles
- Commercial Vehicles
Regional Analysis Preview
On the basis of region, the global Semiconductor Chips For Automotive market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Semiconductor Chips For Automotive market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Semiconductor Chips For Automotive Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Semiconductor Chips For Automotive market are Texas Instruments Inc., NXP Semiconductors, STMicroelectronics N.V., Microchip Technology Inc., Infineon Technologies AG, NVIDIA CORPORATION, Micron Technology, Inc., ON Semiconductor, Renesas Electronics, Maxim Integrated Products, Inc.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Semiconductor Chips For Automotive in terms of revenue?
-
The global Semiconductor Chips For Automotive valued at 19.48 Billion in 2020 and is expected to reach 32.81 Billion in 2028 growing at a CAGR of 7.51%%.
Which are the prominent players in the market?
-
The prominent players in the market are Texas Instruments Inc., NXP Semiconductors, STMicroelectronics N.V., Microchip Technology Inc., Infineon Technologies AG, NVIDIA CORPORATION, Micron Technology, Inc., ON Semiconductor, Renesas Electronics, Maxim Integrated Products, Inc..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.51%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Semiconductor Chips For Automotive include
- The increasing demand ADAS in vehicles along with smart parking systems are anticipated to augment the growth of semiconductor chips for automotive market within the forecast period. The increasing adoption of ADAS owing to the advancement in technologies such as software algorithms, sensors, cameras, processors, and mapping that needs a chip for its integration with each other has improved the applicability of ADAS in vehicles and is expected to fuel the growth of the semiconductor chips for automotive market in the years to come.
- Furthermore, the increasing awareness shared connectivity & mobility and increasing autonomous vehicle demand is also expected to augment the growth of the semiconductor chips for automotive market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Semiconductor Chips For Automotive in 2020.