Automotive Chip Market Introduction and Overview
According to SPER Market Research, the Global Automotive Chip Market is estimated to reach USD 104.11 billion by 2034 with a CAGR of 11.49%.
The automobile industry has seen substantial changes and technological achievements as a result of ongoing research and development advancements. Electric vehicles are becoming more and more popular due to their increased performance, fuel efficiency, sustainability, and lower carbon impact. Furthermore, it is anticipated that throughout the projection period, advantageous government policies and initiatives would further drive market demand. However, Shortages of semiconductors, supply chain interruptions, and the growing complexity of chip design for advanced features are some of the issues facing the automotive chip sector. Further impediments for manufacturers include changing safety regulations, high production costs, and the requirement for quick technical developments to support autonomous systems and electrified vehicles.
- Texas Instruments Incorporated unveiled new chips designed to improve automobile intelligence and safety in January 2024. The company's recently released solution is made to guarantee effective and secure power flow control for battery management features.
- Semiconductor business, declared in March 2024 that it has started employing multiple manufacturing lines in the recently constructed Sony Device Technology (Thailand) Co., Ltd. plant in Thailand starting in February 2024. The recently constructed plant is intended to assemble image sensors for use in automobiles.
By Type: Based on type, The microcontrollers and microprocessors segment led the market in 2023, driven by the growing adoption of electric and hybrid vehicles, the increasing complexity of car functions due to advanced technologies like ADAS, and rising demand for car connectivity and infotainment systems. Additionally, the need for real-time data processing and higher computational requirements is expected to support market growth in the coming years. The logic ICs segment is anticipated to experience the fastest growth during the forecast period. Logic ICs, which perform basic logic functions through digital signals, are in higher demand due to the integration of advanced technologies such as AI and machine learning.
By Vehicle: In 2023, the passenger vehicles segment led the market, with modern cars using 1,000 to 3,000 semiconductor chips for various functions, from fuel monitoring to tire pressure. The demand for advanced technologies and features like vehicle control assistance and collision warnings is expected to drive growth in this segment. The commercial vehicles segment is expected to grow the fastest, driven by increased safety concerns and the adoption of telematics for route optimization, real-time tracking, and fleet management.
By Application: The body electronics segment held the largest market share in 2023. Automotive body electronics play a key role in various functions such as power distribution, motor control, seat adjustments, roof control, in-cabin charging, windshield wiper control, door and window operations, and lighting, all of which enhance overall comfort. The growing demand for solutions and support related to these functions in both passenger and commercial vehicles is expected to drive the segment's growth in the coming years.
By Region: The Asia Pacific automotive chip market led the industry in 2023, driven by the increasing demand for advanced passenger and commercial vehicles, the rising adoption of electric vehicles, and improvements in public infrastructure in countries like India, including roads, tunnels, and bridges. Additionally, the growing availability of vehicles from companies in regions such as North America and Europe has contributed to the market's expansion. Technological advancements by manufacturers in countries like Japan, India, and South Korea have also played a significant role in boosting demand for automotive chips in the region.
Market Competitive Landscape
The Global Automotive Chip Market is highly consolidated. Some of the market players are Broadcom, Infineon Technologies AG, Intel Corporation, Micron Technology, Inc., NXP Semiconductors, Qualcomm Technologies, Inc., Renesas Electronics Corporation, ROHM CO., LTD., STMicroelectronics, and Texas Instruments Incorporated and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2035 |
| Segments covered | By Type, By Vehicle, By Application.
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Broadcom, Infineon Technologies AG, Intel Corporation, Micron Technology, Inc., NXP Semiconductors, Qualcomm Technologies, Inc., Renesas Electronics Corporation, ROHM CO., LTD., STMicroelectronics, and Texas Instruments Incorporated and others. |
Key Topics Covered in the Report:
- Global Automotive Chip Market Size (FY’2025-FY’2034)
- Overview of Global Automotive Chip Market
- Segmentation of Global Automotive Chip Market By Type (Analog ICs, Microcontrollers & Microprocessors, Logic ICs)
- Segmentation of Global Automotive Chip Market By Vehicle (Passenger Vehicles, Commercial Vehicles)
- Segmentation of Global Automotive Chip Market By Application (Chassis, Powertrain, Safety, Telematics & Infotainment, Body Electronics)
- Statistical Snap of Global Automotive Chip Market
- Expansion Analysis of Global Automotive Chip Market
- Problems and Obstacles in Global Automotive Chip Market
- Competitive Landscape in the Global Automotive Chip Market
- Details on Current Investment in Global Automotive Chip Market
- Competitive Analysis of Global Automotive Chip Market
- Prominent Players in the Global Automotive Chip Market
- SWOT Analysis of Global Automotive Chip Market
- Global Automotive Chip Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Chip Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Chip Market
7. Global Automotive Chip Market, By Type (USD Million) 2025-2034
7.1. Analog ICs
7.2. Microcontrollers & Microprocessors
7.3. Logic ICs
8. Global Automotive Chip Market, By Vehicle (USD Million) 2025-2034
8.1. Passenger Vehicles
8.2. Commercial Vehicles
9. Global Automotive Chip Market, By Application (USD Million) 2025-2034
9.1. Chassis
9.2. Powertrain
9.3. Safety
9.4. Telematics & Infotainment
9.5. Body Electronics
10. Global Automotive Chip Market Forecast, 2025-2034 (USD Million)
10.1. Global Automotive Chip Market Size and Market Share
11. Global Automotive Chip Market, By Region, 2025-2034 (USD Million)
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. Broadcom
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Infineon Technologies AG
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Intel Corporation
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Micron Technology, Inc.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. NXP Semiconductors
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Qualcomm Technologies, Inc.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Renesas Electronics Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. ROHM CO., LTD.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. STMicroelectronics
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Texas Instruments Incorporated
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links