Automotive Chip Market Revenue was valued at USD US$ 45.0 Billion in 2024 and is estimated to reach USD US$ 95.0 Billion by 2033, growing at a CAGR of 8.9% from 2026 to 2033.
In 2022, the global automotive chip market was valued at approximately USD 38.39 billion, with a projected compound annual growth rate (CAGR) of 11.3% from 2023 to 2030. The Asia Pacific (APAC) region dominated the market, accounting for 62% of the growth during the forecast period, driven by the strong presence of automotive manufacturers and rapid adoption of automotive technologies across various vehicle categories. Within APAC, China held a significant revenue share in 2023, propelled by numerous semiconductor manufacturers, skilled professionals, and a rapidly growing electric vehicle market. Europe emerged as a lucrative region, influenced by increasing demand for electric vehicles and the integration of advanced safety features. Germany, in particular, is expected to experience significant growth due to its robust automotive industry and ongoing research and development efforts. Latin America is anticipated to witness the fastest CAGR during the forecast period, driven by the emergence of advanced driver assistance systems and connected vehicles, with Brazil holding a significant revenue share in 2023.
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NXP Semiconductors
Infineon Technologies
Renesas Electronics
STMicroelectronics
Texas Instruments Incorporated
Robert Bosch GmbH
ON Semiconductor
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Chip Market
Powertrain Control
Safety Systems
Infotainment Systems
Chassis Control
Driver Assistance Systems
Body Control and Comfort Systems
Microcontrollers (MCUs)
Microprocessors (MPUs)
Application-Specific Integrated Circuits (ASICs)
Field-Programmable Gate Arrays (FPGAs)
System-on-Chip (SoC)
Analog Chips
Digital Chips
Mixed Signal Chips
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles (EVs)
Autonomous Vehicles
Communication and Networking
Navigation and Positioning
Active Safety Features
Engine Control and Management
Power Management
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Chip Market, By Type
6. Global Automotive Chip Market, By Application
7. Global Automotive Chip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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