Automotive Integrated Circuit (ICs) Market size, Trends & Forecast

 

electronic & Semiconductor

The Automotive Integrated Circuit (ICs) Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

The factors driving growth of the Automotive Integrated Circuit (ICs) Market includes growing demand for autonomous vehicles around the world, strict regulations imposed by Governments regarding driver’s safety, fall in the prices of integrated circuits, and improvements in the living standards. Moreover, integration of Internet of Things (IoT) with integrated circuits, increase in the production of electric vehicles across the globe, rise in the launch of new products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between companies, rising population growth rates and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Automotive Integrated Circuit (ICs) Market is hindered due to complexities in the design of ICs.

The major players operating in the market are STMicroelectronics N.V, Infineon Technologies AG, Texas Instruments, Samsung, Intel Corporation, Robert Bosch, ROHM Co. Ltd., Renesas Electronics Corporation, Qualcomm, and NXP Semiconductors N.V among others.

Based on Type, the Hybrid or Multichip Integrated Circuit segment is predicted to grow at a significant CAGR during the forecast period

Hybrid or multichip integrated circuits improves, cheaper as compared to monolithic chip, and increases flexibility, are some of the factors pushing growth of the segment.  

Based on Application, the Advanced Driver Assistance System (ADAS) segment is projected to expand at a remarkable CAGR over the forecast period

Increasing focus of manufacturers on enhancing the safety of driver and Government policies promoting the adoption of Advanced driver assistance systems, are some of the factors propelling segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Government policies promoting the manufacturing of electric vehicles, growing demand for electronics in automobiles, rapid urbanization, rising concerns related to passenger’s safety, increasing per capita incomes and high population rate, are enhancing the market growth in Asia-Pacific region.

 

Key Development

  • In 2020, Infineon Technologies AG, completed the acquisition of Cypress Semiconductor Corporation. Through this acquisition, the company planned to develop and strengthen its product portfolio including integrated circuit.

 

Market Segmentation

Segmentation by Type

  • Monolithic Integrated Circuits
  • Hybrid or Multichip Integrated Circuit
    • Analog IC
    • Digital IC
    • Mixed IC

Segmentation by Application

  • In-Vehicle Networking
  • Advanced Driver Assistance System (ADAS)
  • Transmission Control System
  • Engine Management
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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