Factors such as the inclusion of augmented reality in automotive, LED lights, Lidar sensor, and EV batteries is providing high traction to the global Automotive Chip Market Size. Intense competition among manufacturers is also helping the global Automotive Chip Market Size on its growth track.
Competitive Landscape
Companies, across the world, are showing keen interest in this Automotive Chip Market Size 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 Size 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.
Regional Analysis
The global Automotive Chip Market Size, 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.
The APAC market is the largest market with a more than half of the market coverage in 2017. It occupies almost 51.76% share of the global market. The region is witnessing extraordinary drive from countries like China was the largest market in 2017, valued at USD 9,659.5 million. In India, China, and Japan, the market has found strong infrastructures for the necessary push it needed. The need for semiconductor devices and growing demand for luxury and premium cars are expected to take the regional market to a different height.
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