Automotive Chip Market Worth $56.24 Billion By 2025 | CAGR: 10.7%

May 2018 | Report Format: Electronic (PDF)

The global automotive chip market size is expected to reach USD 56.24 billion by 2025, according to a study conducted by Grand View Research, Inc., exhibiting a CAGR of 10.7% during the forecast period. Rising awareness regarding energy-efficient lighting systems and burgeoning sales of luxury vehicles equipped with navigation and infotainment systems are creating an upswing in the demand for automotive chips.

Spiraling demand for commercial and passenger vehicles is driving the automotive chip market. Automotive chip enhances a vehicle’s security system and in-vehicle infotainment system. It also ensures safety and comfort of occupants including the driver. For instance, the SYNC technology of Ford enables driver to make hands-free phone calls and lets them control the entire navigation and infotainment system using their voice. These benefits are expected to stoke the growth of the market. However, complex and expensive technology and network challenges in developing economies are estimated to hinder the growth of the market over the forecast period.

In the North America region, the automotive chip market is likely to expand at a CAGR of 9.2% over the forecast period. Prominent vendors in the market include Microchip Technology Inc.; Texas Instruments Incorporated; Robert Bosch GmbH; NXP Semiconductors; and Infineon Technologies AG.  

 To request a sample copy or view summary of this report, click the link below:

Further Key Findings from the Study Suggest:

  • Soaring demand for connectivity and safety features is one of the key trends boosting market growth

  • The passenger car vehicle type segment is anticipated to emerge as the fastest growing segment owing to burgeoning demand for SUVs

  • On the basis of application, the body electronics segment is poised to hold a prominent position in the market throughout the forecast period due to increasing digitization of vehicles and rising awareness among individuals regarding vehicle electronic accessories

  • The safety application type segment is likely to post the highest CAGR during the same period due to continuous strengthening of vehicle safety standards

  • Some of the key companies in the market are Microchip Technology Inc.; Texas Instruments Incorporated; Robert Bosch GmbH; NXP Semiconductors; and Infineon Technologies AG.

Grand View Research has segmented the global automotive chip market based on component type, application type, vehicle type, and region:

Automotive Chip Component Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Logic ICs

  • Analog ICs

  • Microcontrollers & Microprocessors

  • Memory

Automotive Chip Application Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Chassis

  • Powertrain

  • Safety

  • Telematics & Infotainment

  • Body Electronics

Automotive Chip Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Passenger Vehicles

  • Commercial Vehicles

Automotive Chip Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Mexico

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • India

    • China

    • Japan

  • Rest of the World (RoW)

Request Sample
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA