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Auto Market Consumes $89 Billion Worth Of ICs By 2025
Automotive Integrated Circuit (ICs) Market
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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.
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.
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.
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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