The Latin America, Middle East and Africa Automotive Chip Market would witness market growth of 13.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Chip Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,752.6 million by 2031. The Argentina market is showcasing a CAGR of 14.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 12.7% during (2024 - 2031).
The growth of cutting-edge chips that can process vast quantities of data in real-time is driven by the integration of ML and AI in automotive applications. This trend enhances functionalities such as predictive maintenance, smart navigation systems, and personalized user experiences in vehicles. The push towards autonomous vehicles leads to significant investments in high-performance chips capable of processing inputs from multiple sensors, cameras, and LIDAR systems.
Robust cybersecurity measures are essential as vehicles become increasingly interconnected. Emerging trends indicate a focus on these chips incorporating advanced security features to protect against cyber threats, ensuring data privacy and vehicle safety. Consumers increasingly expect personalized in-vehicle experiences, leading to the adoption of these chips that support customizable infotainment systems, driver profiles, and user interfaces. This trend emphasizes the importance of software-defined vehicles that adapt to individual user preferences.
The UAE’s strategic focus on smart mobility aligns with its broader economic diversification goals, promoting innovation and technological advancements. As the country invests in research and development for smart mobility solutions, there will be increased opportunities for collaboration between automotive manufacturers and semiconductor companies. The increasing sales of vehicles in Saudi Arabia will also drive the need for enhanced infrastructure, including roads, charging stations, and maintenance facilities. This infrastructure development will create additional demand for these chips that facilitate vehicle-to-infrastructure (V2I) communication, smart traffic management systems, and advanced navigation tools. As Saudi Arabia invests in its automotive infrastructure, the automotive chip market will benefit from these technological advancements, further fueling its growth. In conclusion, rising smart mobility in the UAE and increasing automotive sales in Saudi Arabia drive the market's growth.
Free Valuable Insights: The Worldwide Automotive Chip Market is Projected to reach USD 87.1 Billion by 2031, at a CAGR of 11%
Based on Type, the market is segmented into Microcontrollers & Microprocessors, Analog ICs, Logic ICs, Sensor, and Others. Based on Application, the market is segmented into Telematics & Infotainment, Safety, Powertrain, Body Electronics, and Chassis. Based on Vehicle, the market is segmented into Passenger Vehicles, and Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Renesas Electronics Corporation
- ON Semiconductor Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Intel Corporation
- ROHM Co., Ltd.
- Microchip Technology Incorporated
LAMEA Automotive Chip Market Report Segmentation
By Type
- Microcontrollers & Microprocessors
- Analog ICs
- Logic ICs
- Sensor
- Others
By Application
- Telematics & Infotainment
- Safety
- Powertrain
- Body Electronics
- Chassis
By Vehicle
- Passenger Vehicles
- Commercial Vehicles
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Automotive Chip Market, by Type
1.4.2 LAMEA Automotive Chip Market, by Application
1.4.3 LAMEA Automotive Chip Market, by Vehicle
1.4.4 LAMEA Automotive Chip Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Feb – 2024, Aug) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. LAMEA Automotive Chip Market by Type
5.1 LAMEA Microcontrollers & Microprocessors Market by Country
5.2 LAMEA Analog ICs Market by Country
5.3 LAMEA Logic ICs Market by Country
5.4 LAMEA Sensor Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Automotive Chip Market by Application
6.1 LAMEA Telematics & Infotainment Market by Country
6.2 LAMEA Safety Market by Country
6.3 LAMEA Powertrain Market by Country
6.4 LAMEA Body Electronics Market by Country
6.5 LAMEA Chassis Market by Country
Chapter 7. LAMEA Automotive Chip Market by Vehicle
7.1 LAMEA Passenger Vehicles Market by Country
7.2 LAMEA Commercial Vehicles Market by Country
Chapter 8. LAMEA Automotive Chip Market by Country
8.1 Brazil Automotive Chip Market
8.1.1 Brazil Automotive Chip Market by Type
8.1.2 Brazil Automotive Chip Market by Application
8.1.3 Brazil Automotive Chip Market by Vehicle
8.2 Argentina Automotive Chip Market
8.2.1 Argentina Automotive Chip Market by Type
8.2.2 Argentina Automotive Chip Market by Application
8.2.3 Argentina Automotive Chip Market by Vehicle
8.3 UAE Automotive Chip Market
8.3.1 UAE Automotive Chip Market by Type
8.3.2 UAE Automotive Chip Market by Application
8.3.3 UAE Automotive Chip Market by Vehicle
8.4 Saudi Arabia Automotive Chip Market
8.4.1 Saudi Arabia Automotive Chip Market by Type
8.4.2 Saudi Arabia Automotive Chip Market by Application
8.4.3 Saudi Arabia Automotive Chip Market by Vehicle
8.5 South Africa Automotive Chip Market
8.5.1 South Africa Automotive Chip Market by Type
8.5.2 South Africa Automotive Chip Market by Application
8.5.3 South Africa Automotive Chip Market by Vehicle
8.6 Nigeria Automotive Chip Market
8.6.1 Nigeria Automotive Chip Market by Type
8.6.2 Nigeria Automotive Chip Market by Application
8.6.3 Nigeria Automotive Chip Market by Vehicle
8.7 Rest of LAMEA Automotive Chip Market
8.7.1 Rest of LAMEA Automotive Chip Market by Type
8.7.2 Rest of LAMEA Automotive Chip Market by Application
8.7.3 Rest of LAMEA Automotive Chip Market by Vehicle
Chapter 9. Company Profiles
9.1 NXP Semiconductors N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Infineon Technologies AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Texas Instruments, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 STMicroelectronics N.V.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Renesas Electronics Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 ON Semiconductor Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Intel Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 ROHM Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Microchip Technology Incorporated
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
TABLE 1 LAMEA Automotive Chip Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Automotive Chip Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Chip Market
TABLE 4 Product Launches And Product Expansions– Automotive Chip Market
TABLE 5 Acquisition and Mergers– Automotive Chip Market
TABLE 6 LAMEA Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 7 LAMEA Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 8 LAMEA Microcontrollers & Microprocessors Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Microcontrollers & Microprocessors Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Analog ICs Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Analog ICs Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Logic ICs Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Logic ICs Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Sensor Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Sensor Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 19 LAMEA Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 20 LAMEA Telematics & Infotainment Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Telematics & Infotainment Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Safety Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Safety Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Powertrain Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Powertrain Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Body Electronics Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Body Electronics Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Chassis Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Chassis Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 31 LAMEA Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 32 LAMEA Passenger Vehicles Market by Country, 2020 - 2023, USD Million
TABLE 33 LAMEA Passenger Vehicles Market by Country, 2024 - 2031, USD Million
TABLE 34 LAMEA Commercial Vehicles Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA Commercial Vehicles Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA Automotive Chip Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Automotive Chip Market by Country, 2024 - 2031, USD Million
TABLE 38 Brazil Automotive Chip Market, 2020 - 2023, USD Million
TABLE 39 Brazil Automotive Chip Market, 2024 - 2031, USD Million
TABLE 40 Brazil Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 41 Brazil Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 42 Brazil Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 43 Brazil Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 44 Brazil Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 45 Brazil Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 46 Argentina Automotive Chip Market, 2020 - 2023, USD Million
TABLE 47 Argentina Automotive Chip Market, 2024 - 2031, USD Million
TABLE 48 Argentina Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 49 Argentina Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 50 Argentina Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 51 Argentina Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 52 Argentina Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 53 Argentina Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 54 UAE Automotive Chip Market, 2020 - 2023, USD Million
TABLE 55 UAE Automotive Chip Market, 2024 - 2031, USD Million
TABLE 56 UAE Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 57 UAE Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 58 UAE Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 59 UAE Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 60 UAE Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 61 UAE Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 62 Saudi Arabia Automotive Chip Market, 2020 - 2023, USD Million
TABLE 63 Saudi Arabia Automotive Chip Market, 2024 - 2031, USD Million
TABLE 64 Saudi Arabia Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 65 Saudi Arabia Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 66 Saudi Arabia Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 67 Saudi Arabia Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 68 Saudi Arabia Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 69 Saudi Arabia Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 70 South Africa Automotive Chip Market, 2020 - 2023, USD Million
TABLE 71 South Africa Automotive Chip Market, 2024 - 2031, USD Million
TABLE 72 South Africa Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 73 South Africa Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 74 South Africa Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 75 South Africa Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 76 South Africa Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 77 South Africa Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 78 Nigeria Automotive Chip Market, 2020 - 2023, USD Million
TABLE 79 Nigeria Automotive Chip Market, 2024 - 2031, USD Million
TABLE 80 Nigeria Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 81 Nigeria Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 82 Nigeria Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 83 Nigeria Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 84 Nigeria Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 85 Nigeria Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 86 Rest of LAMEA Automotive Chip Market, 2020 - 2023, USD Million
TABLE 87 Rest of LAMEA Automotive Chip Market, 2024 - 2031, USD Million
TABLE 88 Rest of LAMEA Automotive Chip Market by Type, 2020 - 2023, USD Million
TABLE 89 Rest of LAMEA Automotive Chip Market by Type, 2024 - 2031, USD Million
TABLE 90 Rest of LAMEA Automotive Chip Market by Application, 2020 - 2023, USD Million
TABLE 91 Rest of LAMEA Automotive Chip Market by Application, 2024 - 2031, USD Million
TABLE 92 Rest of LAMEA Automotive Chip Market by Vehicle, 2020 - 2023, USD Million
TABLE 93 Rest of LAMEA Automotive Chip Market by Vehicle, 2024 - 2031, USD Million
TABLE 94 Key Information – NXP Semiconductors N.V.
TABLE 95 Key Information – Infineon Technologies AG
TABLE 96 Key Information – Texas Instruments, Inc.
TABLE 97 Key Information – STMicroelectronics N.V.
TABLE 98 Key Information – Renesas Electronics Corporation
TABLE 99 Key Information – ON Semiconductor Corporation
TABLE 100 Key Information – Qualcomm Incorporated
TABLE 101 Key Information – Intel Corporation
TABLE 102 Key Information – ROHM Co., Ltd.
TABLE 103 Key Information – Microchip Technology Incorporated
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Automotive Chip Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Automotive Chip Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Feb – 2024, Aug) Leading Players
FIG 8 Porter’s Five Forces Analysis – Automotive Chip Market
FIG 9 LAMEA Automotive Chip Market share by Type, 2023
FIG 10 LAMEA Automotive Chip Market share by Type, 2031
FIG 11 LAMEA Automotive Chip Market by Type, 2020 - 2031, USD Million
FIG 12 LAMEA Automotive Chip Market share by Application, 2023
FIG 13 LAMEA Automotive Chip Market share by Application, 2031
FIG 14 LAMEA Automotive Chip Market by Application, 2020 - 2031, USD Million
FIG 15 LAMEA Automotive Chip Market share by Vehicle, 2023
FIG 16 LAMEA Automotive Chip Market share by Vehicle, 2031
FIG 17 LAMEA Automotive Chip Market by Vehicle, 2020 - 2031, USD Million
FIG 18 LAMEA Automotive Chip Market share by Country, 2023
FIG 19 LAMEA Automotive Chip Market share by Country, 2031
FIG 20 LAMEA Automotive Chip Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: NXP Semiconductors N.V.
FIG 22 SWOT Analysis: NXP Semiconductors N.V.
FIG 23 SWOT Analysis: Infineon Technologies AG
FIG 24 Recent strategies and developments: Texas Instruments, Inc.
FIG 25 SWOT Analysis: Texas Instruments, Inc.
FIG 26 Recent strategies and developments: STMicroelectronics N.V.
FIG 27 SWOT Analysis: STMicroelectronics N.V.
FIG 28 Recent strategies and developments: Renesas Electronics Corporation
FIG 29 SWOT Analysis: Renesas Electronics Corporation
FIG 30 Recent strategies and developments: ON Semiconductor Corporation
FIG 31 SWOT Analysis: ON Semiconductor Corporation
FIG 32 SWOT Analysis: QUALCOMM Incorporated
FIG 33 Recent strategies and developments: Intel Corporation
FIG 34 SWOT Analysis: Intel corporation
FIG 35 Swot analysis: ROHM Co., Ltd.
FIG 36 SWOT Analysis: Microchip Technology Incorporated