Automotive chip is a key vehicle component catering a slew of automotive application such as advanced driving assistance system, parking assistance, lane-change assistance and blind spot detection. Besides, technological development in the automotive sector has bolstered the application prospects of automotive chip. It plays an importance role in new-age technologies such as gesture-based recognition, free space sensing, occupancy detection, driver vital-sign monitoring, etc.

Regional Analysis

Asia Pacific is the largest automotive chip market. The region currently accounts for nearly 51% share of the of global automotive chip market. The market in APAC is led by China, which is home to the largest automotive manufacturing industry. In 2017, the China automotive chip market was valued at USD 9,659.5 Mn. It is anticipated that countries such as India, China and Japan are expected to make significant contribution to the market during the forecast period. This is mainly owing to prowess of these countries in the automotive sector. In addition, growth of sub-markets such as automotive semiconductor is reflecting favourably on the APAC market.

Segmental Analysis

The segmental analysis of the market has been conducted based on propulsion, vehicle type, product, and application.

By propulsion, the market has been segmented into HEVs, BEVs and ICE. By vehicle type, the market has been segmented into commercial vehicle and passenger car. Based on product, the market has been segmented into logic ICs, microcontrollers & microprocessors and analog ICs. Of these, the analog IC segment commanded for close to 42% share of the market in 2017. The segment is currently valued at over USD 14,900 Mn and is projected to demonstrate a CAGR of 15.93% during the assessment period. The segment’s growth is driven by widespread use of analog IC in linear regulators, active filters, operational amplifiers, phase locked loops, oscillators among others.

Competition Analysis

Some of the notable market players profiled in MRFR’s report include ON Semiconductor (US), Infineon Technologies AG (Germany), Toshiba Corporation (Japan), NXP Semiconductors