Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Chip Market Report – Global Forecast ti

Automotive Chip Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include
historic data, with forecast data to 2023. Automotive Chip Industry report is helpful for future strategy
development, and to know about Market Drivers, Restraints, Opportunities, And Global market size,
share, Growth, Trends, key players forecast to 2023.
Automotive chips are integrated into a vehicle to promote the orderly functioning of body electronics,
telematics and infotainment, powertrain, and chassis and safety systems. These chips are employed in a
vehicle to cater to automotive applications, such as blind spot detection, advanced driving assistance
system, lane-change assistance, and parking assistance. Additionally, other advantages offered by
automotive chips are free space sensing, gesture-based recognition, driver vital-sign monitoring, and
occupancy detection. According to the product type, automotive chips can be offered to the automotive
industry, and can be categorized into analog ICs, logic ICs, microcontrollers and microprocessors, and
others. Moreover, automated driving, e-Mobility, advanced connectivity, and advanced security are
some of the significant trends, which are creating the need for automotive chips in vehicles. The global
automotive chip market is expected to register a CAGR of 12.87% during the forecast period (2018–
2023). During that time, its valuation can grow from USD 35,292.5 million in 2017 to USD 72,428.6
million by 2023. Market Research Future’s (MRFR) detailed report on the market has its focus on
segments, drivers, and competitive analysis of the entire market. This provides an insight into the future
market demography and enable market players to plan their strategies accordingly.
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Regional Analysis:
The global automotive chip market by region is segmented into North America, Europe, Asia-
Pacific, and the rest of the world. Asia-Pacific is expected to hold the largest share in the global
automotive chip market during the forecast period with 51.76% share. China was the largest
market in 2017, valued at USD 9,659.5 million. The growth of automotive chip in Asia-Pacific
can be attributed to China, Japan, and India, where the automobile sector is the major
contributor to the GDP, along with the growing demand for automotive semiconductor devices,
especially for luxury and premium cars.
Segment Analysis:
The global automotive chip market has been segmented based on product, application, vehicle
type, propulsion, and region. On the basis of product, the analog IC segment accounted for the
largest market share of 42.4% in 2017, with a market value of USD 14,947.3 million; it is
projected to register 15.93% CAGR during the forecast period. The analog integrated circuits
are used for designing operational amplifiers, linear regulators, oscillators, active filters, and
phase locked loops. The analog ICs are used in various automotive applications, such as car
audio, and safety systems. Moreover, logic ICs are primarily used in pre-amplifiers, power
amplifiers, oscillators, and signal processors. The logic ICs are useful in supporting a wide range
of supply voltages, provides unidirectional/bidirectional level-shifting for signals and in other
automotive applications. Furthermore, microcontrollers are the compact IC designed to govern