Semiconductor Technologies are Inspiring Growth for Automotive Chip Market Share
Global Automotive Chip Market Share, Report: Information by Product (Analog ICs, Microcontrollers & Microprocessors, Logic ICs), Application (Body Electronics, Telematics & Infotainment, Powertrain, Safety System, Chassis), Vehicle Type (Passenger Car, Commercial Vehicle), Propulsion (ICE, BEVs, HEVs), Region– Forecast till 2023
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Automotive Chip Market Share Overview
Automotive chips are integrated into a vehicle to promote the orderly functioning of body electronics, telematics and infotainment, powertrain, and chassis and safety systems. These chips are employed in a vehicle to cater to automotive applications, such as blind spot detection, advanced driving assistance system, lane-change assistance, and parking assistance. The global Automotive Chip Market Share is expected to gain 12.87% CAGR during the forecast period (2018–2023). Market Research Future (MRFR), in their latest article on the Automotive Chip Market Share revealed a substantial possibility of surpassing USD 72,428.6 million valuation by 2023.
Competitive Landscape
Companies, across the world, are showing keen interest in this Automotive Chip Market Share as they have realized the potential this market can offer. MRFR enlisted several companies and profiled them for a holistic understanding of the possible market-changing trends. These companies are Robert Bosch GmbH (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), ROHM Semiconductor (Japan), Toshiba Corporation (Japan), and Denso Corporation (Japan). These companies are employing several strategies like merger, acquisition, product launch, innovation, and others.
Segmentation
MRFR’s prediction of the global Automotive Chip Market Share relies heavily on the segmentation they made in the report. These segments are product, application, vehicle type, and propulsion. The segmentation is backed by figures and facts of each section that have been derived from value-based and volume-based analyses conducted by analysts.
Based on the product, the Automotive Chip Market Share can be segmented into analog ICs microcontrollers & microprocessors, Logic ICs, and others. The analog IC segment has 42.4% share of the entire market in 2017, with a market value touching USD 14,947.3 million. The segment is also expected to scale with a 15.93% CAGR over the forecast period. The device is set to enjoy substantial traction due to its utility in automotive applications, such as car audio, and safety systems.
Based on the application, the Automotive Chip Market Share can be segmented into body electronics, telematics & infotainment, powertrains safety system, and chassis. Of these, the body electronics segment had well over 27.4% in 2017, with a market valuation assessed at USD 9,660.9 million, the market can touch a 12.24% CAGR during the forecast period.
Based on the vehicle type, the Automotive Chip Market Share has two segments, passenger car and commercial vehicle. The passenger car segment had over 71.2% in 2017, with its expected valuation touching almost USD 25,132.7 million. Its expected CAGR would reach 12.32% during the forecast period.
Based on the propulsion, the Automotive Chip Market Share includes ICE, BEVs, and HEVs. The ICE vehicle segment covered over 95.57% in 2017 with valuation scoring USD 34,072.2 million. The segment has a promise to rise by 12.67% CAGR during the forecast period.
Regional Analysis
The global Automotive Chip Market Share, if considered on the basis of regions, can be segmented by North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). This analysis has its foundation in data that helps in the revelation growth pockets.
Get Full Report (at) https://www.marketresearchfuture.com/reports/automotive-chip-market-7676
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 20.03.2020 - 16:02 Uhr
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