Automotive Chip Industry to Generate $121.3 Billion, Globally, by 2031 at 9.6% Compound Annual Growth Rate: Allied Market Research

November 1, 2023 Yura

PORTLAND, Ore., Oct. 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Chip Market by Component (processor, analog IC, discrete power, sensor, memory, others), by Vehicle type (passenger car, light commercial vehicle, heavy commercial vehicle), by Application (powertrain, body electronics, safety systems, chassis, telematics & infotainment systems), by Propulsion Type (ICE vehicles, electric vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global automotive chip industry generated $49.8 billion in 2021 and is anticipated to generate $121.3 billion by 2031, witnessing a CAGR of 9.6% from 2023 to 2032.

Download Sample Pages of Research Report Overview – https://www.alliedmarketresearch.com/request-sample/11775

Automotive chips, also referred to as automotive semiconductors or microcontrollers, are integrated circuits (ICs) specifically designed for automotive applications. Automotive chips are essential components of modern automotive systems, enabling the control and management of a variety of functions within a vehicle.

Prime Determinants of Growth:

The global automotive chip market is driven by factors such as an increase in demand for advanced driving assistance systems (ADAS), a rise in demand for electric vehicles, and a surge in demand for autonomous driving. However, the complexity of design and high manufacturing costs are hampering the automotive chip market growth. On the contrary, increased focus on cyber security, and an increase in demand for connected cars are expected to offer remunerative opportunities for expansion of the automotive chip market during the forecast period.

Leading Market Players in Automotive Chip Industry: –

Analog Devices, Inc.
Infineon Technologies AG
NVIDIA Corporation
NXP Semiconductors
Renesas Electronics Corporation
Robert Bosch GmbH
ROHM CO.
LTD, STMICRO Electronics
Texas Instruments Incorporated
TOSHIBA CORPORATION

The report provides a detailed analysis of these key players in the global automotive chip market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Procure Complete Research Report Now – https://www.alliedmarketresearch.com/automotive-chip-market/purchase-options

Car Chip Industry Report Coverage & Details:

Report Coverage	Details
Forecast Period	2022–2031
Base Year	2021
Market Size in 2021	$49.8 Billion
Market Size in 2031	$121.3 Billion
CAGR	9.6 %
No. of Pages in Report	294
Segments Covered	Product, Application, Propulsion Type, and Region
Drivers	Increase in demand for advanced driving assistance system (ADAS)
	Rise in demand for electric vehicle
	Surge in demand for autonomous driving
Opportunities	Increased focus on cybersecurity
Opportunities	Rise in demand for connected cars
Restraints	Complexity of design
Restraints	High manufacturing costs

COVID-19 Scenario:

Due to the COVID-19 pandemic and the subsequent global lockdowns, the automotive chip market faced a downturn.
However, as the global situation has recovered, the demand has increased for EVs

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A scenario analyze of South African automotive industry

October 29, 2023 Yura

The role of supply chain in knowledge transfer: a case study of South African automotive industry — Scientists analyze the url concerning the overall performance of foreign vehicle assemblers and regional pieces suppliers in South Africa, highlighting that the rewards of technological innovation transfer as a result of overseas direct financial commitment have not attained nearby corporations. Credit score: Are unable to be reused devoid of permission

Unemployment amid the youth is a significant problem in lots of acquiring countries, specifically in Africa. This situation stems in wonderful component from a stagnant production sector. Firms in African nations have failed to expand appreciably about the past 10 years, top to fewer career positions for the youth.

Foreign direct investment (FDI) is a promising avenue for addressing this obstacle. Neighborhood corporations in acquiring countries can understand highly developed systems and management strategies from multinational providers. This transmission of awareness, in normal, aids make regional businesses extra effective, major to financial advancement in the production sector. Having said that, the move of overseas engineering and management know-how depends on the framework of output networks (supply chains), which means area firms may well not mechanically benefit from FDI.

In opposition to this backdrop, a investigate workforce led by Affiliate Professor Yuki Higuchi from the Faculty of Economics at Sophia University, Japan, has not too long ago lose further mild on the connection between FDI, knowledge transmission, and agency habits.

They applied the South African automotive marketplace as a situation study, peering into the associations concerning the actions of vehicle assemblers and elements suppliers, which symbolize overseas firms and local companies, respectively.

Their paper, revealed in The Entire world Financial state on 23 August 2023, was co-authored by Dr. Justin Barnes of the Gordon Institute of Company Science at the College of Pretoria, Dr. Anthony Black of the College of Economics at the University of Cape City, and Dr. Keijiro Otsuka of the University of Economics at Kobe College.

The crew gathered firm-degree info from the South African Automotive Benchmarking Club, that contains data about the spot, ownership, and “tier level” of automotive firms in South Africa. In this study, the “tier” of a organization refers to its relative situation in the offer chain. Place simply just, to start with-tier firms source solutions directly to the international assemblers, whereas 2nd-tier companies offer merchandise to first-tier companies, and so on. Most of the reduced-tier companies were community, while some of the initial-tier companies had been international-owned.

The researchers conducted many statistical analyses using annual observations from 162 corporations concerning 2002 and 2017, focusing on critical functionality indicators representing small business efficiency, administration, and expansion. As a result of regression assessment, they acquired insights into how multinational assemblers and community suppliers responded to the enlargement of the automotive business in South Africa.

“Our solution serves to illustrate the existence, or deficiency thereof, of the transmission of technological innovation and expertise from overseas assemblers to other companies,” points out Dr. Higuchi. “It is a novel analysis regarding FDI spillovers from international assemblers to numerous levels of local suppliers.”

These analyses unveiled that when the

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The Aeromotive Team Partners With Roadster Shop to Make Automotive Aftermarket Powerhouse | Business

October 25, 2023 Yura

EL SEGUNDO, Calif.–(Enterprise WIRE)–Oct 19, 2023–

The Aeromotive Group and Roadster Shop declared these days that the organizations have merged to build a new automotive aftermarket powerhouse. Running as Roadster Store, the combined power of both of those brands will travel the enhancement of revolutionary items, products and services and written content, and will leverage a robust economical and operational basis to support accelerated expansion.

This press launch characteristics multimedia. Look at the whole launch here: https://www.businesswire.com/news/property/20231018341999/en/

Roadster Store co-founders, Jeremy and Phil Gerber (Photo: Business enterprise Wire)

“As a lifelong enthusiast, I’m thrilled to announce this partnership involving The Aeromotive Group and Roadster Shop,” reported Laurent Potdevin, CEO of The Aeromotive Team. “Having aided develop worldwide iconic makes in my occupation, I consider Roadster Store is a gem in the automotive field uniquely positioned to turn out to be an aspirational, iconic and worldwide phenomenon. As a final result of this alliance, Roadster Store can leverage The Aeromotive Group’s portfolio of brands, its operational foundation, and entry to new concentrations of cash for expansion.”

Roadster Shop is an American achievement tale, obtaining acquired a status for top-top quality craftsmanship and design and style in production and car or truck constructing. Started in the 1980s, the shop’s main target was creating chassis for prewar Fords, alongside with a handful of complete avenue rod builds.

Jeremy, Phil and their father Neal teamed up to order Roadster Store in 2004. Beneath their vision, it has developed exponentially in dimensions and scope. The organization engineers and sells custom chassis and suspensions uncovered under some of the top rated hot rods in the country. The elite coachbuilding business has constructed some of the most advanced, trendsetting demonstrate vehicles in the world.

“Our partnership with The Aeromotive Group gives us the prospect to gas accelerated progress and supercharge our expansion,” reported Jeremy Gerber, co-owner of Roadster Shop. “Over the earlier 20 many years, we have grow to be a residence title in high performance incredibly hot rods, muscle mass cars and trucks and trucks. Phil and I are pretty energized about the potential right here at Roadster Store.”

Dependent in a suburb of Chicago, Roadster Shop has two services with total chassis manufacturing, metallic fabrication, and motor vehicle development, along with a paint and system department. Their eye for design and style, craftsmanship, and consideration to element has gained quite a few leading awards and recognition in main media retailers.

“I seem forward to writing the upcoming chapter in Roadster Shop background with our companions at The Aeromotive Team,” said Phil Gerber, co-operator of Roadster Shop. “It’s thrilling to have further means to construct the supreme tailor made automobiles and envision new types, parts and companies. And we’ll have greater capabilities to marketplace Roadster Shop as the top automotive life style brand globally.”

Aeromotive has been synonymous with innovation, passion and efficiency at the highest amounts for many years. The group contains best names in the business:

Aeromotive Fuel Techniques
Waterman Racing Elements
JBA Efficiency

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United States Automotive Aftermarket Insights Report

October 19, 2023 Yura

Dublin, Oct. 11, 2023 (GLOBE NEWSWIRE) — The “U.S. Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2023-2027)” report has been added to ResearchAndMarkets.com’s offering.

The U.S. automotive aftermarket is expected to record a value of US$479.25 billion in 2027, growing at a CAGR of 3.08%, for the duration spanning 2023-2027.

The automotive aftermarket is poised for significant growth, driven by several key factors. These include the expansion of automotive production, a surge in used car sales, the increasing number of smartphone users, a rapid rise in electric vehicle sales, and the ongoing process of urbanization.

However, the market’s growth trajectory may face challenges from the expansion of ride-sharing services and the growing prevalence of aftermarket fraud. Some noteworthy trends that are expected to shape the market’s landscape include the increasing average age of vehicles, the expansion of automotive dealers into online platforms, and the launch of new and advanced car accessories.

The automotive aftermarket in the United States is experiencing substantial growth, primarily due to the presence of a well-established automotive industry. This sector encompasses both auto services and parts businesses.

Favorable government policies, regulations, and subsidies in the U.S. are boosting the demand for electric vehicles, leading to the greater use of lightweight auto parts in EV production to enhance efficiency. This trend is expected to contribute significantly to the growth of the U.S. automotive aftermarket in the coming years.

Key players operating in the U.S. automotive aftermarket include 3M Company, Lear Corporation, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, and Cooper Tire & Rubber Company. The high level of competition in the market has encouraged these key players to gain a competitive edge by focusing on offering high-quality products.

In response to increasing price competitiveness in the U.S. market, various companies are challenged to provide innovative offerings that enable consumers to address evolving technologies at an economical price point. This approach is ultimately driving market growth.

Key Attributes:

Report Attribute	Details
No. of Pages	69
Forecast Period	2023 – 2027
Estimated Market Value (USD) in 2023	$424.49 Billion
Forecasted Market Value (USD) by 2027	$479.25 Billion
Compound Annual Growth Rate	3.1%
Regions Covered	United States

Key Topics Covered:

1. Overview
1.1 Introduction
1.2 Value Chain of OEM/OES in Aftermarket
1.3 Top Ten Trends in Automotive Aftermarket
1.4 The Future Development Direction of the Automobile Industry
1.5 Automotive Aftermarket Distribution Channels

2. Impact of COVID-19
2.1 Decline in Motor Vehicle Sales
2.2 Downfall in Consumer Spending
2.3 Impact on Automotive Dealership

3. The U.S. Market Analysis
3.1 The U.S. Automotive Aftermarket by Value
3.2 The U.S. Automotive Aftermarket Forecast by Value
3.3 The U.S. Specialty Auto Equipment Market by Value
3.4 The U.S. Specialty Auto Equipment Market Forecast by Value
3.5 The U.S. Specialty Auto Equipment Market by Product Type
3.5.1 The U.S. Auto Accessories & Appearance Products Market by Value
3.5.2 The U.S. Auto Accessories & Appearance Products Market Forecast by Value
3.5.3 The U.S. Auto Performance Products Market by Value
3.5.4 The U.S. Auto

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Automotive Chromium Material Market 2023 Industry Outlook, Business Strategies, Trends and Forecast to 2029

October 13, 2023 Yura

MarketQuest.biz has provided qualitative and informative knowledge by adding titled Automotive Chromium Material Market that recognizes, explains, and forecasts that the global market. The report provides an organized consideration analysis with projections for the market players. The report aims to ease the understanding of global Automotive Chromium Material market estimates through statistical and numerical data in the form of tables, graphs, and charts. The research offers a calculated assessment of the new recent developments, import-export analysis, production analysis, market share, market players, opportunities, strategic market growth, and market size. The report provides detailed information on major market competitors and emerging companies with significant market share based on high-quality demand, revenue, sales, and product manufacturers.

[PDF Brochure] Request for Sample Report: https://www.marketquest.biz/sample-request/89679

Market Dynamics:

Different parameters are used to identify either the growth of the global Automotive Chromium Material market globally or the decline of the market. The report covers different factors, solutions, as well as ways to increase the market share. The report identifies the market growth rate based on the volume of units sold and the value of each product manufactured. The report provides a detailed evaluation of the market size by highlighting information on different aspects which include drivers, restraints, opportunities, and threats, and market forecast to 2029.

The major players covered in the market study:

Atotech
Kakihara Industries
MVC Holdings
Platform Specialty Products
SARREL

What are the product types covered in the market 2023?

Decorative Plating Chromium
Functional Plating Chromium

What are the end users/applications covered in the market 2023?

Passenger Vehicles
Commercial Vehicles

Which regions are covered and what are the global Automotive Chromium Material market trends in these regions?

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

View the Complete Report including the Most Newest Data, Tables, and Chart: https://www.marketquest.biz/report/89679/global-automotive-chromium-material-market-2021-by-manufacturers-regions-type-and-application-forecast-to-2026

The report introduces the industrial chain of the global Automotive Chromium Material market, industrial chain analysis, raw material sources, and downstream buyers. The report prospects the whole market, including the global production and revenue forecast, regional forecast. The report offers a detailed analysis of geographical areas and describes the competitive scenario. The study presents a summary of each market segment such as type, end-user, applications, and region. In continuation of this data, the sale price is for various types, applications, and the region is also included in the report. The report analyzes the potential for various applications, discusses recent product innovations, and gives an overview of potential regional market shares.

Major Factors Covered In The Report:

Study of the important players and their growth plans
Market analysis concerning growth trends, prospects, and also their participation in this global Automotive Chromium Material market
Market size (volume & value) from the company, essential regions/countries, products, and application
Market rivalry landscape, SWOT

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Expansion of Automotive Dealers on Online Platforms and Increasing Launches of New and Advanced Car Accessories

October 13, 2023 Yura

Company Logo

US Automotive Aftermarket

The U.S. automotive aftermarket is expected to record a value of US$479.25 billion in 2027, growing at a CAGR of 3.08%, for the duration spanning 2023-2027.

Key Attributes:

Report Attribute	Details
No. of Pages	69
Forecast Period	2023 – 2027
Estimated Market Value (USD) in 2023	$424.49 Billion
Forecasted Market Value (USD) by 2027	$479.25 Billion
Compound Annual Growth Rate	3.1%
Regions Covered	United States

Key Topics Covered:

2. Impact of COVID-19
2.1 Decline in Motor Vehicle Sales
2.2 Downfall in Consumer Spending
2.3 Impact on Automotive Dealership

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