The automotive chip market refers to the industry that produces and sells semiconductor chips for use in various automotive applications. These chips are essential components in modern vehicles, powering various functions such as engine control, infotainment systems, advanced driver assistance systems (ADAS), and more. The demand for automotive chips has grown rapidly in recent years due to the increasing complexity of vehicles and the rise of electric and autonomous vehicles. These vehicles require more advanced and specialized chips that can perform functions such as processing large amounts of data from sensors, managing battery power, and controlling electric motors.
The automotive chip shortage caused by the COVID-19 pandemic has highlighted the need for diversified supply chains and increased investment in chip manufacturing capacity. As the demand for electric and autonomous vehicles continues to grow, the automotive industry must ensure that their companies are able to secure a reliable and stable supply of high-quality automotive chips.
This may require partnerships with chip manufacturers, investment in in-house chip manufacturing, or a combination of both. It must also be aware of the potential impact of technological disruptions, such as the development of new chip technologies or the emergence of new competitors in the market.
Staying ahead of these trends and adapting quickly to changing market conditions is essential for success in the automotive chip market. In addition, the impact of regulations and policies related to the automotive industry, such as emissions standards and safety regulations will further provide opportunity for the global automotive chip market.
The surge in demand for electric vehicles (EVs) is projected to provide growth opportunity for the automotive chip market. The demand for EVs is expected to continue to grow in the coming years as more consumers seek to reduce their carbon footprint and adopt more sustainable transportation options. These chips must be able to handle high voltage and current requirements of EVs and provide the necessary computing power for advanced driver assistance systems (ADAS) and other features.
The automotive chip market is segmented on the basis of product, application, propulsion type, and region. By type, the market is classified into microcontrollers, logic ICs, sensors, and analog ICs and others. By application, it is bifurcated into powertrain, body electronics, safety systems, chassis, and telematics & infotainment systems. Depending on propulsion type, it is segregated into ICE vehicles, and electric vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Analog Devices, Inc., Infineon Technologies AG, Nvidia Corporation, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD, STMICRO Electronics, Texas Instruments Incorporated, and TOSHIBA CORPORATION.

KEY BENEFITS FOR STAKEHOLDERS
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive chip market analysis from 2021 to 2031 to identify the prevailing automotive chip market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the automotive chip market segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global automotive chip market trends, key players, market segments, application areas, and market growth strategies.

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KEY MARKET SEGMENTS
By Product
- Microcontrollers
- Logic ICs
- Analog ICs
- Sensor
- Others

By Application
- Powertrain
- Body Electronics
- Safety Systems
- Chassis
- Telematics and Infotainment Systems
By Propulsion Type
- ICE Vehicles
- Electric Vehicles

By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Renesas Electronics Corporation.
- Robert Bosch GmbH
- ROHM CO., LTD
- Texas Instruments Incorporated
- STMicroelectronics
- NXP Semiconductors
- Analog Devices, Inc.
- NVIDIA Corporation
- Toshiba Corporation
- Infineon Technologies AG