The global automotive chips market is anticipated to grow at a considerable CAGR of 14.9% during the forecast period (2022-2028). Growing participation of the market players to develop and introduce automotive chips is anticipated to bolster the growth of the automotive chips market during the forecast period. The automobile market has been facing the chip shortage issue for a few years, which has restricted most of the vehicle market players to deliver on the time and to fulfill the vehicle demand in the market. As a result of which several automotive market players are focusing on adopting various strategic initiatives such as partnerships, collaborations, and others.
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For instance, in November 2021, Ford Motors partnered with GlobalFoundries to increase its short, and long-term supply of semiconductor chips. Simiarly, within the same month, Samsung also introduced its three new chips for automobiles: Exynos Auto T5123, Exynos Auto V7, and S2VPS01 Power IC. The Exynos Auto V7 was a processing chipset for in-car infotainment systems. The Exynos Auto T5123 was a chipset for 5G connectivity, while the S2VPS01 Power IC was an ASIL-B certified S2VPS01 power management chip for processors of the Exynos V series.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Automotive Chips Market Report Segment
By Product Type
- Logic ICs
- Analog ICs
- Microcontrollers & Microprocessors
By Application
- Chassis
- Powertrain
- Safety
- Telematics & Infotainment
- Body Electronics
By Vehicle Type
- Passenger Vehicles
- Commercial vehicles
Global Automotive Chips Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive chips market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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