Automotive Chip Market Growth, Trends, Share, Size, Revenue, Deamnd, Challenges, Future Outlook
Automotive Chip Market Growth, Size, Trends Analysis - By Type, By Vehicle, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jan-2025 | Report ID: AMIN2501 | Pages: 1 - 262 | Formats*: |
| Category : Automotive & Transportation | |||
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.
Recent Developments:
- 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 2024, 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 2024, 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 2024. 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 2024, 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’2021-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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Chip Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Chip Market
7. Global Automotive Chip Market, By Type (USD Million) 2021-2034
7.1. Analog ICs7.2. Microcontrollers & Microprocessors7.3. Logic ICs
8. Global Automotive Chip Market, By Vehicle (USD Million) 2021-2034
8.1. Passenger Vehicles8.2. Commercial Vehicles
9. Global Automotive Chip Market, By Application (USD Million) 2021-2034
9.1. Chassis9.2. Powertrain9.3. Safety9.4. Telematics & Infotainment9.5. Body Electronics
10. Global Automotive Chip Market Forecast (USD Million) 2021-2034
10.1. Global Automotive Chip Market Size and Market Share
11. Global Automotive Chip Market, By Region (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. Broadcom
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Infineon Technologies AG
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Intel Corporation
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Micron Technology, Inc.
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. NXP Semiconductors
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Qualcomm Technologies, Inc.
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Renesas Electronics Corporation
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. ROHM CO., LTD.
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. STMicroelectronics
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Texas Instruments Incorporated
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Chip Market is projected to reach USD 104.11 billion by 2034, growing at a CAGR of 11.49% during the forecast period.
Automotive Chip Market grew in Market size from 2025. The Market is expected to reach USD 104.11 billion by 2034, at a CAGR of 11.49% during the forecast period.
Automotive Chip Market CAGR of 11.49% during the forecast period.
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Automotive Chip Market size is USD 104.11 billion from 2025 to 2034.
Automotive Chip Market is covered By Type, By Vehicle, By Application.
The North America is anticipated to have the highest Market share in the Automotive Chip Market.
The key players in the Market include 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.
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.
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