Global In-Vehicle Networking Chipset Market Segmentation by Product Type (Analog ICs, Microcontrollers & Microprocessors, and Logic ICs); and by Application (Powertrain, Telematics and Infotainment, Chassis, Body Electronics, and Safety System) – Global Demand Analysis and Opportunity Outlook 2020-2029

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 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.

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.

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. CLICK TO DOWNLOAD SAMPLE

Global 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. Alternatively, the market in North America is also anticipated to occupy a significant share in the market. In the year 2018, the total number of vehicles manufactured was approximately 95,635,000. India, China, and Japan alone constituted 42,700,000, which constituted 44.5% of global production.

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