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Automotive Computer Chips Market: Trends & Opportunities with Forecast 2025

03-14-2018 10:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

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Automotive Computer Chips Market: Trends & Opportunities with

Automobile electrical systems have steadily evolved over the past few years and currently they integrate automatic computer controls of vehicles. In the initial days, automotive electrical systems consisted of only basic wiring equipment and machinery that were primarily used in order to distribute power to other parts of the vehicle.

Wires, switches, controlled motors and relays were the key constituents; however, now, automotive electrical systems include sensors, alternators, actuators, battery, generator, oxygen sensors, starter drive, high power electrical systems, starter solenoid and other devices. One of the first uses of a computer in an automobile was for the engine control unit.

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Automotive manufacturers around the world began to use early versions of computer systems to perform only one particular function. However, in 1968, Volkswagen presented the first electronic fuel injection (EFI) system controlled by computers. The system was manufactured by Bosch. Computer chips in automobiles since then have become an integral part of an automobile design. Presently, almost all car manufacturers use computer chips in one or multiple parts of the vehicles they produce.

One of the primary drivers of the global automotive computer chips market is the introduction of self-drive cars. Manufacturers around the world are introducing technologically advanced computer chips for these cars. For instance, NVIDIA introduced a single-processor structure of DRIVE PX 2 for self-drive cars.

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The functionality of DRIVE PX 2 include HD mapping and automated highway driving while consuming only 10 watts of power. Moreover, it empowers vehicles to utilize deep neural networks in order to gather and process data from several sensors and cameras. Technological advancements as well as the increasing popularity of self-drive cars is likely to encourage the growth of the automotive computer chips market during the forecast period.

Increased inclusion of electrical and computer systems such as sensors, actuators, and displays in automobiles along with other functionalities such as drive control and engine control in which automotive computer chips are used, is likely to fuel the overall automotive computer chips market for automotive computer chips during the forecast period.

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The global automotive computer chips market is segregated by application and geography. By application, the market is divided into electronic engine control (EEC), electronic fuel injection (EFI), computer controlled transmission, communication module, and others. Electronic engine control accounted for the maximum share in the global automotive computer chips market.

Controlling the engine is a processor-intensive job in automobiles and the electronic engine control is one of the most powerful computers in most automobiles. EEC's have become a regular device in cars since the 1970's when they turned out to be essential due to stringent emission standards. This segment is likely to grow at a significant rate during the forecast period.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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