Automotive Integrated Circuit (ICs) Market – Global Opportunities & Forecast, 2020-2027

 This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the Automotive IC Market are:

·         Samsung

·         Intel Corporation

·         Robert Bosch

·         Renesas Electronics Corporation

·         Qualcomm

·         STMicroelectronics N.V

·         Infineon Technologies AG

·         Texas Instruments

·         ROHM Co. Ltd.

·         NXP Semiconductors N.V

Drivers of the Automotive IC Market:

The global automotive Integrated Circuit (ICs) market is experiencing an upsurge in demand over the forecast period. This is mainly due to the rising production of vehicles, growing demand for electric vehicles, and the increasing need for electronics in vehicles to improve its features. Moreover, various technological advancements such as the implementation of IoT and favorable government standards to produce autonomous, connected, and low emission vehicles are certain other factors surging the market growth of the automotive integrated circuit in the upcoming years. Increasing concerns associated with the safety & security of the passengers in the automobiles, rising implementation of such IC in in-vehicle networking, and advanced driver assistance systems is enhancing the demand for an automotive integrated circuit around the world. Furthermore, the decreasing trend in the prices of IC and the focus of various players on forming alliances and introducing new products will further bolster the growth of the market. On the other hand, the complexity in designing IC is a major factor hampering the growth of the global automotive integrated circuit market.

Based on the region, Asia-Pacific is expected to dominate the market during the forecast period due to the high adoption of automotive integrated circuits and an increase in the demand for electronics in automotive. In addition to this, the growing concerns regarding the safety of the passengers and favorable government initiatives related to the vehicle standards are some other major factors propelling the growth of the global automotive integrated circuit market in this region.

Key Benefits offered by the Automotive IC Market report:

·         This study represents the analytical depiction of the Automotive IC Market along with the ongoing trends and future estimations to determine the imminent investment pockets.

·         The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Automotive IC Market share.

Segmentation of the Automotive IC Market:

The Automotive IC Market has been categorized into the following segments:

Breakup by Type:

·         Monolithic Integrated Circuits

·         Hybrid or Multichip Integrated Circuit

o   Analog IC

o   Digital IC

o   Mixed IC

Breakup by Application:

·         In-Vehicle Networking

·         Advanced Driver Assistance System (ADAS)

·         Transmission Control System

·         Engine Management

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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