Automotive Integrated Circuit (IC) Market New Business Opportunities and Investment Research Report by 2030
PORTLAND, ORAGON, USA, September 1, 2022 /EINPresswire.com/ — The Global Automotive Integrated Circuit (IC) The market was valued at USD 43,240 Million in 2017 and is projected to reach USD 89,140 Million by 2025, growing at a CAGR of 9.3% from 2018 to 2025. Automotive ICs are customized for applications specific within the vehicle system. As semiconductor technology has evolved, it has allowed automakers to assemble multiple applications onto a single chip to optimize performance. Automotive electronics are used in safety systems, driver assistance, powertrain control, communications and infotainment systems. They play an important role not only in differentiating vehicles, but also in enhancing overall vehicle capabilities and performance.
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Germany is recognized as the economic power of Europe. Around 40% of global premium car production takes place in Germany, with around 70% of global premium cars made by German OEMs. According to the Federal Statistical Office, Germany, automotive microelectronics is expected to grow by 5.9% per year, making it the strongest country in the automotive industry.
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Major players operating in the automotive IC market are Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics NV, ROHM CO. LTD., Texas Instruments and NXP Semiconductors NV.
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Automotive IC market is segmented on the basis of type, application and region. Monolithic integrated circuits and hybrid or multi-chip integrated circuits are studied in the type segment. Multi-chip ICs are subdivided into digital ICs, analog ICs, and mixed-signal ICs. Based on application, the market is categorized into ADAS, in-vehicle network, engine management system, transmission control system, and others. Regionally, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
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Rapid vehicle electrification, emergence of IoT in ICs, and complexity of IC design are the significant factors affecting the growth of the global automotive IC market. These factors are expected to drive or hinder the growth of the market.
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