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.
Global Automotive Chipset Market 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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Automotive Chipset Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- 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
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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., and among others
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