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

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.  

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 

Rise in demand for connected cars 

Restraints 

Complexity of design  

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

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

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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Interior Car Accessories Market Size, Share, Company Profiles, Emerging Technologies, Trends, Industry Growth, Segments, Landscape, and Demand by Forecast until 2030

PRESS RELEASE

Published September 19, 2023

Interior Car Accessories Market

 

Report Description:

Coherent Market Insights’ current report, Global “Global Interior Car Accessories Market Size, Share, Regions, Type, Application, Pricing, Trends, Growth, Segments, Opportunities and Forecast 2023-2030”, is a valuable source of insightful data for developing business strategies. It intends to draw attention to major trends, growth possibilities, and the competitive environment. Businesses must grasp the characteristics of their various industries in order to make well-informed decisions and plan their strategies effectively in today’s ever-changing global economy. This study examines the Interior Car Accessories Market in-depth, focusing on major factors such as market size, market share, developing technologies, regulatory environment, consumer behavior, and competitive analysis. This research report provides significant insights into the current situation and future direction of the market by delving into these critical topics. This enables organizations and stakeholders to make informed decisions, capture opportunities, and successfully manage risks.

The global Interior Car Accessories Market was valued at US$ 202.94 Bn in 2019 and is forecast to reach a value of US$ 314.58 Bn by 2027 at a CAGR of 5.6% between 2020 and 2027.

Request a Sample Copy of the Report:
https://www.coherentmarketinsights.com/insight/request-sample/3904

Market Overview:

The study gives a basic introduction to the industry, including definitions, classifications, and the structure of the industry chain. It examines the global Interior Car Accessories market, including development trends, the competitive landscape, and the status of major regions. In addition, the article discusses development policies, targets, production methods, and cost structures. It provides a thorough examination of supply and demand dynamics, price, revenue, and gross margins. The analysis focuses on the market’s top players, including company profiles, product images and specifications, deliveries, price, revenue, and contact information. In addition, the research investigates the shifting tendencies in the Interior Car Accessories sector.

The Interior Car Accessories market report offers an exhaustive examination of the worldwide market dimensions, as well as regional and national market scales, highlighting market segmentation growth, competitive dynamics, sales insights, and the influence wielded by both local and international market participants. Additionally, it delves into value chain enhancement, trade regulations, recent advancements, opportunity exploration, strategic growth evaluation, product introductions, geographical market expansion, and groundbreaking technological breakthroughs projected for the forecast period spanning 2023 to 2030.

Top Key Players:

Momo Srl, Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, U.S. Auto Parts Network, Inc., Covercraft Industries, LLC, O’Reilly Auto Parts, Lloyd Mats, CAR MATE MFG. CO., Ltd., and Classic Soft Trim.

Detailed Segmentation:

Global Interior Car Accessories Market, By Product Type:

• Dash Kits
• Covers
• Electronic Accessories
• Consoles & Organizers
• Sunshades
• Communication
• Car Cushions & Pillows
• Car Mats
• Knobs
• Central Locking System
• Fragrance

Global Interior Car Accessories Market, By Vehicle Type:

• Passenger Cars
• Compact PC
• Mid-size PC
• Premium PC
• Luxury PC
• Pickup Trucks

Global Interior Car Accessories Market, By Channel Type:

• OEM
• Aftermarket

Regional Analysis:

North America (U.S., Canada, and Mexico)

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Rising Vehicle Lifespan and Sustainability Drive Growth in the Global Automotive Coolant Industry to 2028

Company Logo

Company Logo

Global Automotive Coolant Market

Global Automotive Coolant Market

Global Automotive Coolant Market

Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) — The “Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global automotive coolant market, valued at US$ 4.8 billion in 2022, is poised for significant growth in the coming years, with projections indicating a rise to US$ 6.6 billion by 2028.

This impressive growth is expected to be driven by several key factors and trends in the automotive industry.

Automotive coolant, commonly known as antifreeze, is a crucial component used to regulate a vehicle’s temperature within a specific range.

It is primarily composed of ethylene glycol or propylene glycol mixed with water and contains additives such as corrosion inhibitors and antifoam agents, enhancing engine performance. The primary function of coolants is to prevent automobile radiators from overheating during summer and freezing in winter, thus averting potential breakdowns.

Key Growth Drivers:

  1. Thriving Automotive Industry: The global automotive industry’s robust performance is a primary catalyst behind the market’s growth. There has been a notable increase in the demand for passenger vehicles in recent years, significantly contributing to the market’s expansion.

  2. Stringent Regulatory Policies: Regulatory policies governing the safe disposal and recycling of antifreeze materials have driven the adoption of reusable coolant variants. Awareness among consumers about proper disposal practices has also increased, as used coolants can contain toxic heavy metals harmful to the environment and soil.

  3. Technological Advancements: Manufacturers are formulating advanced coolants using technologies such as Inorganic Acid Technology (IAT), Hybrid Organic Acid Technology (HOAT), and Organic Acid Technology (OAT). These innovations result in the creation of silica- and phosphate-free products, further boosting market growth.

  4. Increased Vehicle Lifespan: Improvements in the average lifespan of vehicles have led to a higher demand for quality automotive coolants. Longer vehicle lifespans necessitate effective coolant solutions for prolonged performance.

  5. Environment-Friendly Coolants: The introduction of environment-friendly coolant options aligns with growing sustainability efforts and environmental awareness.

  6. Rising Disposable Incomes: The disposable incomes of consumers have been on the rise, contributing to increased spending on automotive maintenance and coolant products.

Market Segmentation:

The report offers a detailed analysis of key trends within various segments of the global automotive coolant market. The market is segmented based on product, type, application, and end-user.

Product Types:

  • Ethylene Glycol

  • Propylene Glycol

  • Glycerin

Coolant Types:

  • Inorganic Acid

  • Organic Acid

  • Hybrid Organic Acid

  • Others

Applications:

  • Passenger Cars

  • Commercial Vehicles

  • Two Wheelers

  • Others

End-User Segments:

Regional Insights:

  • North America

  • Asia Pacific

  • Europe

  • Middle East and Africa

  • Latin America

Competitive Landscape:

The report provides an in-depth analysis of the competitive landscape within the global automotive coolant market. Key players in the industry include Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A., and China Petrochemical Corporation (Sinopec Group), among others.

Key Questions Addressed:

  1. How has the global automotive coolant market performed, and what is its growth outlook?

  2. What

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Automotive Industry Jobs Convey Alabama $404M In Financial commitment

Automotive sector growth tasks by two South Korea-based mostly corporations will deliver extra than $400 million in investments to Alabama.

In Montgomery, Hyundai Motor Manufacturing Alabama (HMMA) will commit $290 million in assembly plant updates as the facility prepares to construct the future-generation Santa Fe sport utility. As portion of the venture, HMMA will commit $190 million to retool and upgrade the plant’s generation line for the fifth-generation Santa Fe SUV, even though the supplemental investment decision will assist manufacturing of other cars.

automotive industry Alabama
Gov. Kay Ivey chats with HMMA President and CEO Ernie Kim at a ceremony to announce the automaker’s ideas to devote $290M in its Montgomery plant. (Graphic: Governor’s Business office/Hal Yeager)

“Today, the legacy of the Santa Fe carries on with HMMA investing $190 million pounds to put together our assembly plant for the next technology of this well-known SUV,” mentioned HMMA President and CEO Ernie Kim explained at the job announcement. “An supplemental $100 million pounds will be invested to support ongoing generation of the Tucson SUV and Santa Cruz Activity Experience Vehicle.”

HMMA first commenced assembling the Santa Fe in 2006, and this will be the initially entire product transform since 2018. When assembly begins later on this yr, the all-new Santa Fe will be a part of the Tucson, the Santa Cruz, and both the electrified and gas versions of the Genesis GV70 luxury SUV on HMMA’s assembly line.

“Hyundai’s practically 4,000 Alabama staff members have been earning some of the optimum awarded vehicles in The us for nearly two a long time, and the generation of the absolutely re-created Santa Fe mid-dimension SUV is another fascinating milestone for the company’s Montgomery production facility,” mentioned Governor Kay Ivey. “I just can’t wait to see the thrilling new design on roadways in Alabama and throughout the nation.”

Montgomery Mayor Steven L. Reed called HMMA a “vital economic engine” for the city and the point out.

“From making entire world-course merchandise to building positions and option right here in Montgomery, HMMA is a catalyst for the ongoing expansion and improvement of our location,” Reed explained. “This hottest enlargement is a milestone in our partnership, and we are grateful for their continued results in Montgomery.”

This is the newest in a collection of investment initiatives HMMA has released at the Alabama plant in modern several years, which includes a $300 million challenge introduced previous calendar year to prepare for the manufacturing of its to start with electric powered cars (EV).

automotive industry Alabama
Hyundai Motor Producing Alabama will make investments $290 million in its Montgomery plant to support output of the future-technology Santa Fe SUV. (Impression: Governor’s Place of work/Hal Yeager)

 

“Hyundai carries on to show a robust determination to Montgomery, exactly where it has built large-high quality motor vehicles because 2005, and to its Alabama workforce, which has been there every step of the way,” claimed Alabama Section of Commerce Secretary Greg Canfield. “This new financial commitment will let HMMA to convey a redesigned Santa Fe SUV to

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