Automotive Chip Market Share

Statistics for the 2023 & 2024 Automotive Chip market share, created by Mordor Intelligence™ Industry Reports. Automotive Chip share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Chip Industry

The automotive chip market is moderately competitive, with major players competing for market share. Companies are prioritizing innovations, which is increasing investments in R&D centers. Additionally, the players are collaborating with the government to remain competitive in the market. Some key players include STMicroelectronics NV, Infineon Technologies, ON Semiconductor, Renesas Electronics, and NXP Semiconductors.

  • June 2024 - Infineon Technologies AG is broadening its next-generation OptiMOS 7 MOSFETs lineup for automotive uses. The 40 V range now boasts new devices housed in robust, lead-free packages. Furthermore, the 80 V and 100 V variants of the OptiMOS 7 MOSFETs are introduced in the SSO8 package. These MOSFETs are fine-tuned for both current and upcoming automotive 48 V applications. These encompass electric power steering, braking systems, power switches in novel zone architectures, battery management, e-fuse boxes, DC/DC converters, and BLDC drives across diverse 12 V and 48 V electrical systems. Beyond automotive, they're apt for light electric vehicles (LEVs), e2wheelers, eScooters, eMotorcycles, and commercial and agricultural vehicles (CAV).
  • June 2024 - Infineon Technologies AG revealed its intention to establish a research and development (R&D) center in Taiwan, with an investment of NTD 1.2 billion (USD 37.05 million). The Taiwanese government is contributing NTD 480 million to this initiative. The focus of the R&D center will be on developing next-generation Wi-Fi and Bluetooth chips tailored for electric vehicles, in partnership with local entities. Notably, Taiwan Semiconductor Manufacturing Co (TSMC) is already producing advanced automotive chips for both Infineon and NXP Semiconductors NV in Taiwan.

Automotive Chip Market Leaders

  1. STMicroelectronics NV

  2. Infineon Technologies

  3. ON Semiconductor

  4. Renesas Electronics

  5. NXP Semiconductors

*Disclaimer: Major Players sorted in no particular order

Automotive Chip Market Concentration

Automotive Chip Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)