Automotive Chip Market - Growth And Future Trends
The global automotive chip market size was valued at $49.8 billion in 2021, and is projected to reach $121.3 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031. 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. Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A11410 The automotive chip market refers to the semiconductor chips that are specifically designed for use in vehicles. These chips are made up of material, such as germanium or silicon, that exhibits electrical conductivity characteristics falling between those of conductors (like metals) and insulators. Its conductivity is close to that of metals at high temperatures and nearly non-existent ...