The global automotive chip market was valued at US$52.53 billion in 2021, and is projected to be worth US$92.21 billion in 2026. Automotive chips are a unique class of electronic parts with the ability to conduct electricity under specific conditions. In order to assure that the corresponding component functions effectively under all circumstances, automotive chips are employed in vehicles.
Over the next years, there will be potential for market revenue to increase due to the anticipated development and commercialization of completely automatic vehicles, such as driverless taxis. High-powered automotive chips are expected to be widely employed in automobiles in the near future since fully autonomous vehicles require real-time data processing from numerous sensors mounted all around the vehicle. The automotive chip market is determined to grow at a CAGR of 12.07% over the analyzed period of 2022-2026.
Scope of the Report:
The report titled “Global Automotive Chip Market: Analysis By Vehicle Type, By Device Type, By Application, By Region, Size and Trends with Impact of COVID-19 and Forecast up to 2026”, includes:
-- An in-depth analysis of the global automotive chip market by value, by vehicle type, by device type, by application, by region, etc.
-- The regional analysis of the automotive chip market, including the following regions:
Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific)
North America (The US, and Canada)
Europe (Germany, UK, France, Spain, and Rest of Europe)
-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
-- Provides an analysis of the COVID-19 impact on the global automotive chip market.
-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall automotive chip market has also been forecasted for the period 2022-2026, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
-- Evaluation of the potential role of automotive chip to improve the market status.
-- Identification of new technological developments, R&D activities, and product launches occuring in the automotive chip market.
-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.
-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
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