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In-Vehicle Networking Chipset Market Segmentation by Product Type (Analog ICs, Microcontrollers & Microprocessors, Logic ICs); and by Application (Powertrain, Telematics and Infotainment, Chassis, Body Electronics, and Safety System) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of In-Vehicle Networking Chipset Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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In-Vehicle Networking Chipset Market Highlights 2020-2029

The In-Vehicle Networking Chipset market is estimated to grow with a significant CAGR during the forecast period, i.e., 2021-2029. Technological advancements in the automobile sector and the increasing concerns of consumers regarding vehicle safety are expected to fuel the automobile chip industry's growth. The growth of the market can also be attributed to the increase in computerization and digitalization of an automobile's parts. The adaptation of the (ECU) Engine Control Unit in advanced vehicles will boost the market growth. According to the International Energy Agency, in 2020, electric cars' global sales reached up to 4.9 million, compared to 1.93 million in the year 2017.

In-Vehicle-Networking-Chipset-Market

On the basis of product type, the logic IC segment is expected to capture the major market shares owing to the upsurge in the sales of luxury cars. Automobile chips offer the driver to control navigation and infotainment system just by the user's voice. The chips also offer detailed information regarding maintenance level, gas level, and battery level, which are achieved with the help of sensors present in the car. The microprocessors and microcontroller segment is also estimated to capture noteworthy market share. CLICK TO DOWNLOAD SAMPLE

The market is segmented on application into powertrain, body electronics, chassis, telematics & infotainment, safety system out of which, the powertrain segment is anticipated to grab the largest share by the end of 2021, as the networking chips are most used in powertrain, and is the most important part driving the vehicle. Moreover, the safety system segment also captures the second major share in the market as the chips help increase the safety of the vehicles. 

In-Vehicle Networking Chipset Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period due to the increasing production of vehicles in China, India, and Japan. Furthermore, in 2021, the market in Europe is evaluated to occupy the largest share in terms of revenue, owing to the major luxury car manufacturers' presence, including Volkswagen, AUDI, Porsche, and BMW. Alternatively, the market in North America is also anticipated to occupy a significant share in the market. According to the International Organization of Motor Vehicle Manufacturers, in the year 2018, the total number of vehicles manufactured is 95,634,593. India, China, and Japan alone constituted 42,713,279, which constituted 44.66% of global production.

In-Vehicle-Networking-Chipset-Market

The global in-vehicle networking chipset market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Market Segmentation

Our in-depth analysis of the global in-vehicle networking chipset market includes the following segments:

By Product Type

  • Analog ICs
  • Microcontrollers & Microprocessors
  • Logic ICs

By Application

  • Powertrain
  • Telematics and Infotainment
  • Chassis
  • Body Electronics
  • Safety System

Growth Drivers

  • Growing Advancements in Automobile Industry
  • Increase of Sales of Electric and Hybrid Cars

Challenges

  • High Cost of Automobile Chips
  • Due to Covid-19 Pandemic, Huge Shortage of Automobile Chips.

Top Featured Companies Dominating the Market

  • Infineon Technologies
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • ON Semiconductor
  • Robert Bosch GmbH
  • NXP Semiconductors
  • Microchip Technology Incorporated
  • Texas Instruments Incorporated
  • NVIDIA CORPORATION
  • STMicroelectronics
  • Renesas Electronics

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