Jan 9, 2018   SOURCE: BusinessWire

Global Automotive Chip Market Research Report 2017 - 2023: Market is Expected to Witness a CAGR of 9.1% - Research and Markets

The "Global Automotive Chip Market Research Reports Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to Research and Markets' offering.

The major parameters that are fueling the global automotive chip market are surging vehicle production, rapid incorporation of ECU in modern automobiles, increasing demand for automotive safety systems and rising computerization and digitization of automotive parts. In Engine Control Unit (ECU), the automotive chip is responsible for the monitoring and controlling of various functions such as in-vehicle telematics, headlights, windows, power steering, fuel injection, spark timing, brake control, suspension control and stability control.

The global automotive chip market is segmented into product, application and vehicle type. The product segment is bifurcated into Logic ICs, Microcontrollers, DRAM, Analog ICs and Flash. The application segment is further divided into powertrain, safety, chassis, telematics & infotainment, and body electronics.

Amongst these, body electronics is expected to witness substantial growth over the forecast period due to the increasing complexity of the body electronics. To fulfill this need, there is a requirement of extensive interaction between the chip and the body electronics. The vehicle type segment is further divided into passenger cars, light commercial vehicles, heavy commercial vehicles, automated guided vehicles and autonomous vehicles.

Out of these, passenger cars segment is expected to hold the highest market share during the forecast period as it is the largest sector in the automobile industry. Also, continuously increasing demand of passenger cars in countries such as the U.S., China, India, Germany, Brazil, Mexico and South Korea is boosting the vehicle production.

The automotive chip market growth is hurdled by various parameters such as defect mechanism and maintaining balance between cost and quality of the product. However, the market is equipped with many opportunities such as growing demand for hybrid and electric vehicles and increasing disposable income in Asia Pacific.

The growth in global automotive chip market is also influenced by the presence of major players such as STM Microelectronics, Texas instruments, Robert Bosch, Renesas Electronics Corporation, Infineon Technologies and others. Product launches, mergers, acquisitions, and collaborations are some of the business strategies adopted by the key players to gain competitive advantage.

Market Dynamics

Market Drivers

  • Rapid Incorporation of Engine Control Unit (ECU) in Modern Automobiles
  • Increasing Global Vehicles Production
  • Increasing Demand for Automotive Safety Systems
  • Rising Computerization And Digitization of Automotive Parts

Market Restraints

  • Cost Concerns of Car Manufacturers
  • Heat Dissipation Concerns

Market Opportunities

  • Growing Demand for Hybrid And Electric Vehicles
  • Increasing Disposable Income in Asia Pacific

Market Challenges

  • Dealing With New Defect Mechanism
  • Maintaining Balance Between Cost And Quality of the Product

Companies Mentioned

  • Atmel Corporation (U.S.)
  • Elmos Semiconductor Ag (Germany)
  • Freescale Semiconductor (U.S.)
  • Infineon Technologies (Germany)
  • Maxim Integrated Products (Mxim) (U.S.)
  • Melexis NV (Belgium)
  • Microchip Technology Inc. (U.S.)
  • Micron Technology (U.S.)
  • Nvidia (NVDA) (U.S.)
  • NXP Semiconductors (Netherlands)
  • On Semiconductor (U.S.)
  • Renesas Electronics Corporation (Japan)
  • Robert Bosch (Germany)
  • STMicroelectronics (Switzerland)
  • Texas Instruments (U.S.)

For more information about this report visit https://www.researchandmarkets.com/research/mp7tst/global_automotive?w=4