Top 5 Key players of the Automotive Integrated Circuit (ICs) Market are Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation

Automotive integrated circuits are used in the vehicles to ensure safety to the drivers. ICs enhance connectivity driving and safety innovation among drivers, which are expected to fuel their huge demand in the market. The growth of the automotive IC market is driven by rapid electrification of vehicles. Moreover, increase in usage of this technology in automobiles such as driver assistance system, in-vehicle communication system transmission control system, and others is anticipated to propel the demand for electronics in vehicles.

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North America is the most dominant region in the automotive IC market. Asia-Pacific held the largest market share of the global market, due to an increase in technological advancements and a in the automotive standards in the developing countries such as India, China, and Indonesia.

An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific automotive IC market. Moreover, various technological advancements are taking place related to electric vehicles, owing to government initiatives, which further propels the growth of the automotive IC market in the Asia-Pacific region.

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According to a recent report published by Allied Market Research, titled, Automotive IC Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global automotive IC market was valued at $43,240 million in 2017, and is projected to reach at $89,140 million by 2025, growing at a CAGR of 9.3% from 2018 to 2025.

At present, the North America region dominates the global automotive IC market, owing to increase in adoption of high-end vehicles in this region. Factors such as increase in vehicle production and improvement in vehicle standards with emerging technologies fuel the growth of the Asia-Pacific automotive IC market. Moreover, various technological advancements in electric vehicles have been in progress, owing to government initiatives, which propel the market growth. For instance, according to the Wall Street Journal, China is close to finalizing a $47 billion investment fund that would finance semiconductor research and chip start-up development, which is expected to assist in propelling the growth of the automotive IC market.

Key Findings of the Automotive IC Market:
In 2017, the engine management segment generated the highest revenue in the global automotive IC market.
In 2017, the hybrid or multichip integrated circuit segment generated the highest revenue among the other IC types in the global automotive IC market.
The key players profiled in the report include Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., ROHM CO. LTD., Texas Instruments, and NXP Semiconductors N.V.

Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., ROHM CO. LTD., Texas Instruments, and NXP Semiconductors N.V. are key players that occupy a significant revenue share in the global market.

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