TMCnet News
Global Automotive Chip Market Research Report 2017 - 2023: Market is Expected to Witness a CAGR of 9.1% - Research and MarketsThe "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. 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
Market Restraints
Market Opportunities
Market Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/mp7tst/global_automotive?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180109006573/en/ |