Automotive chips market is anticipated to grow at a CAGR of 4.9% during the forecast period (2024-2031). Automotive chips, also known as semiconductor chips, are essential for improving vehicle performance and engine control. These chips are essential for controlling the engine control unit (ECU), which regulates several engine operations to maximize fuel economy, lower emissions, and enhance overall performance. It ensures that the engine runs smoothly and effectively in a variety of situations by controlling crucial elements including fuel injection, ignition timing, and air-fuel mixture.
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- In January 2024, Texas Instruments added new semiconductors to improve automotive safety and intelligence, such as AWR2544 77GHz radar sensor chip, and software-programmable driver chips for pyro fuses, improving autonomous driving.
- In January 2023, Qualcomm introduced a Snapdragon Ride Flex SoC auto chip that supports car functions such as assisted driving and entertainment in a vehicle.
- In August 2024, Intel launched Arc Graphics for Automotive, a discrete graphics processing unit for Chinese carmakers, to power advanced in-vehicle AI initiatives in the Chinese electric vehicle market amid slumping growth.
- In January 2022, STMicroelectronics launched its first automotive satellite navigation chip. The STA8135GA chip offers high-position quality data for advanced driving systems and is a compact package with a triple-band positioning measurement engine, part of ST’s Teseo V family.
- In June 2021, KLA Corporation introduced four new products for the manufacturing of automotive chips such as the 8935 high productivity patterned wafer inspection system, the C205 broadband plasma patterned wafer inspection system, Surfscan SP A2/A3 unpatterned wafer inspection systems, and I-PAT inline defect part average testing screening solution. New products offer a supplementary defect discovery, monitoring, and control solution for chip manufacturing at larger design nodes for the automotive industry. The Surfscan SP A2/A3 unpatterned wafer inspectors apply DUV optics and advanced algorithms with sensitivity and speed.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Product Type
o By Application
o By Vehicle Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Intel Corp., NVIDIA Corp., NXP Semiconductors N.V., Infineon Technologies AG, and others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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