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Global Automotive Chip Market: Snapshot

Automotive chips are utilized for the observing and controlling of different capacities in a vehicle. Such chips utilize calculations to explain different assignments and makes the driving background significantly less demanding for the driver. There are five distinctive kind of car chips or incorporated circuits (ICs, for example, general and extraordinary reason rationale ICs, microcontrollers, DRAM, simple ICs and blaze. Universally useful rationale ICs bolster PC fields and data gear, where there is a requirement for superior with different power supply voltage, abilities and capacities.

Expanding creation of vehicles and rising interest for traveler vehicles is a noteworthy driving component for the automobile chip market. Furthermore, rising requirement for enhanced safety in vehicles, strict automobile benchmarks, and expanding interest for engine control unit (ECU) in cars are a portion of the fundamental persuasive variables spurring the development of worldwide car chip showcase. In addition, development in the automobile sector and the growing funding in automotive chip producing organizations over the world is set to impact the market fundamentally amid the estimate time frame. Growing sales of mixture and electric vehicles is likewise set to enhance the utilization of car contributes such vehicles.

The industry is divided regionally and rests on intensely on worldwide automobile generation. Since most chip makers are going into concurrences with automakers, small organizations are finding it difficult to manage and sustain in the hard hitting rivalry, thus, blocking the general industry development. In any case, with the fluctuating elements of the chips, firms may create competency for particular segments, trigerring market development.

Automotive chips are used for the 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. There are five different type of automotive chips or integrated circuits (ICs) such as general and special purpose logic ICs, microcontrollers, DRAM, analog ICs and flash. General purpose logic ICs support computer fields and information equipment, where there is a need for high performance with various power supply voltage, capabilities and functions. The major applications for such type of ICs include level crossing, application relating to clock and bus switching. Microcontrollers find application in the body, chassis, powertrain and for safety in vehicles. 8bit microcontrollers are used for safety and body applications in automobiles. Capacitive touch sensing microcontroller is used in button sliders and wheels among other applications. In additions, microcontrollers finds use for in-vehicle infotainment, audio processing and Ethernet purpose in automobiles.

Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive chip market. In addition, rising need for better safety in vehicles, stringent automobile standards and increasing demand for engine control unit (ECU) in automobiles are some of the vital influential factors motivating the growth of global automotive chip market. Moreover, growth in the automotive sector and rising investments in automotive chip manufacturing companies across the world is set to influence the market significantly during the forecast period. Rising sales of hybrid and electric vehicles is also set to improve the application of automotive chips in such vehicles.

The automotive chip market can be classified by product, by application and by geography. The product segment can be classified into general and special purpose logic ICs, microcontrollers, DRAM, analog ICs and flash. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

In the automotive chip market, Europe holds the largest market share in terms of revenue followed by North America, Asia Pacific, Middle East and Africa (MEA) and Latin America. In Europe, Germany is the most significant market and the largest contributor to the automotive chip market in the region because of the presence of major automobile manufactures in Germany. In North America, the U.S. is the largest market for automotive chips. The U.S. is the second largest manufacturer of automobiles in the world. In the Asia Pacific region, countries such as China and India has been witnessing heavy demand and production for passenger vehicles. This in turn is increasing the application of automotive chips in passenger vehicles of above mentioned countries. The growth rate of automotive chip market in Latin America, and Middle East and Africa is low considering the less usage and production of vehicles in the aforementioned regions. However, with the growth in the automotive sector and investments in automobile companies of Latin America and Middle East and Africa, the market for automotive chip is expected to improve in the coming years.

The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive chip market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Infineon Technologies, Renesas Electronics Corporation, STM Microelectronics, Robert Bosch, Texas instruments and NXP Semiconductors among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Chip Market

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