Automotive Gateway Chips Market Forecast and CAGR
The Automotive gateway chips market is estimated to grow at a CAGR of 12% from 2021-2031, and is projected to reach US$ 5.0 Bn by 2021. Technology plays an important role in the development of automotive connected gateways and especially with the innovation of the Internet of Things, the automotive gateway chips sales is witnessing rapid growth. Increasing demand for automotive gateway chips for secure and reliable interconnections and processing data across heterogeneous vehicle networks, is expected to propel demand over the coming years.
What is Driving Demand for Automotive Gateway Chips?
Automotive gateway chips provide a wide range of applications such as a central hub for internal and external communications, and protecting the vehicle from cyber-attacks, among others. A growing number of data processing and sensor requirements are having a positive impact on gateway function and automotive Ethernet network. Also, the demand for automotive gateway chips is increasing due to various high-bandwidth automotive applications such as key security and over-the-air software management functions.
It offers different benefits such as efficient solutions, maintains real-time operation, eases of implementation, advanced central body controllers, and improved business focus among others. The reliability of such benefits increasing the sales of automotive gateway chips across the globe.
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Connected Gateway Recovery Likely to Augment Automotive Gateway Chips Sales
Automotive gateway chip sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on automotive component and material sales. As lightweight is a key focus area for automotive OEMs, automotive gateway chip manufacturers are likely to witness sustained opportunities in the future.
Automotive gateway chip manufacturers provide a vast array of automotive-grade products, including analog, memory, microcontrollers, connectivity, security, timing, and touch products. Such innovative products help the automotive OEM develop safer vehicles more fuel-efficient, cleaner, and more reliable.
China and Japan Automotive Gateway Chips Outlook
China is one of the largest manufacturers of automotive gateway chips globally. Demand for automotive gateway chips in China and Japan will be led by the automotive and manufacturing sector. The automotive gateway chips are utilized in a wide range of automotive applications including infotainment, powertrain/EV/HEV, body electronics, and emerging advanced driver assistance systems (ADAS) applications.
Multiple manufacturers are expected to shift or extend production facilities to the East Asia region, owing to ease in production and end-user capturing. Sales in East Asia highly depend on the growth of the manufacturing and automotive sectors, where automotive gateway chips are extensively used.
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Europe Demand Outlook for Automotive Gateway Chips
The adoption of automotive technology is expected to rise considerably across small- and medium-sized businesses in Europe. Moreover, the integration of connected gateway in the automotive industry, and increasing demand for automotive gateway chips for the development of electricals vehicles are creating enormous scope across Europe countries like Germany, France, UK and others.
The market is expected to show sustainable growth owing to investments by international players such as NXP Semiconductors, and Texas Instruments Incorporated, among others, in the country, and government initiatives to support the growth of this automotive industry. Demand for automotive technologies is increasing due to the increasing focus on industrial automation and expanding IoT sector.
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Who are the Key Manufacturers and Suppliers of Automotive Gateway Chips?
Some of the leading manufacturers and suppliers of automotive gateway chips include
- Texas Instruments Incorporated
- NXP Semiconductors
- Infineon Technologies AG
- Renesas Electronics Corporation
- Elektrobit Automotive GmbH
- The ETAS Group
- KPIT Technologies Limited and others.
Market participants are adopting the product diversification strategy to enhance their market presence. Moreover, emerging companies are significantly investing in new product development and launches to sustain their market presence. For instance, in June 2020, Tata Elxsi partnered with GAC Motor for smart gateway module. This module offered feature in their new range of electric vehicles (EVs). It also accelerates software technology development in the intelligent connected vehicle.
Automotive Gateway Chips Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Single-core Chips
- Dual-core Chips
- Commercial Car
- Passenger Car
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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