United States Automotive-grade Chip Market was valued at USD 9 Billion in 2022 and is projected to reach USD 19 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030.
The US Automotive-grade Chip Market has witnessed a significant surge in demand as automotive manufacturers increasingly incorporate advanced technologies into vehicles. From electric vehicles (EVs) to autonomous driving systems, chips have become the backbone of modern automobiles. These chips are not just components but critical enablers of safety, connectivity, and efficiency in the automotive industry.
Automotive-grade chips are designed with stringent reliability standards to meet the rigorous conditions inside vehicles. These chips must withstand extreme temperatures, vibrations, and electromagnetic interference, which are common in automotive environments. Therefore, the demand for automotive-grade chips has skyrocketed as vehicles become more tech-centric. In fact, recent statistics show that the global automotive semiconductor market is expected to grow by more than 12% annually, with the US being one of the largest contributors.
One of the primary requirements from industries is the need for high-performance chips. The automotive sector requires chips that can handle a wide range of applications, from infotainment systems to advanced driver-assistance systems (ADAS). Automotive manufacturers demand chips that are not only powerful but also energy-efficient to enhance the overall performance of vehicles. As the push for electric vehicles intensifies, the need for semiconductor solutions capable of managing power distribution and charging processes is becoming increasingly important.
The automotive industry also faces supply chain challenges, making the demand for reliable, long-lasting, and cost-effective automotive-grade chips even more critical. Manufacturers need suppliers who can provide chips in large volumes without compromising quality or delivery timelines. The growing complexity of vehicle systems has resulted in more specialized chips being required, particularly for systems like autonomous driving, vehicle-to-vehicle communication, and advanced safety systems.
As the automotive-grade chip market continues to evolve, it will be essential for chip manufacturers to meet the ever-expanding demands of the automotive sector. With advancements in technology and a push for more sustainable, connected vehicles, the role of automotive-grade chips in transforming the industry will only grow. The collaboration between automotive companies and chip manufacturers will be key to driving innovations in the automotive industry, leading to smarter, safer, and more efficient vehicles.
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Infineon Technologies
STMicroelectronics
NXP
Renesas Electronics
Texas Instruments
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 US Automotive-grade Chip Market
Powertrain Control
Advanced Driver Assistance Systems (ADAS)
Infotainment Systems
Body Electronics
Safety and Security Systems
Microcontrollers
Microprocessors
Digital Signal Processors (DSP)
Application-Specific Integrated Circuits (ASIC)
Field-Programmable Gate Arrays (FPGA)
Analog
Digital
Mixed-Signal
Software-defined Automotive Chips
Neuromorphic Chips
Passenger Cars
Commercial Vehicles
Electric Vehicles (EVs)
Hybrid Vehicles
Autonomous Vehicles
Automotive OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Component Manufacturers
Technology Solution Providers
Research and Development Institutions
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 US Automotive-grade 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. US Automotive-grade Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automotive-grade Chip Market, By Type
6. US Automotive-grade Chip Market, By Application
7. US Automotive-grade Chip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automotive-grade Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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