Automotive Integrated Circuit (ICs) Market Share, Emerging Technology Trends, Growth & Opportunity Analysis by 2025

Automotive ICs are customized for specific applications within the vehicle system. As semiconductor technology has evolved, it enabled vehicle manufacturers to assemble multiple applications on 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 in not only differentiating vehicles but also enhancing the overall capabilities and performance of the vehicle.
The Global Automotive Integrated Circuit (ICs) 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.

The demand for ICs in automotive is increasing due to implementation of stringent government regulations towards drivers safety and security. North America was the dominant market for automotive ICs in 2016, owing to the presence of major players offering advanced solutions.

Moreover, extensive adoption of advanced vehicles and surge in public demand for safety & security in automobiles have fueled the growth of the North America automotive ICs market. Passenger cars have higher penetration in this region, owing to increase in sales of advanced vehicles, which is expected to further propel the market growth.

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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.

Top Impacting Factors:

Rapid Electrification of Automobile-

Rapid electrification of automobiles is one of the major factors driving the growth of the global automotive IC market. Decline in price of ICs; increase in demand for electronics in vehicles; and rise in demand for powertrain systems that require sensors, microcontrollers, and analog converters are factors that have led to the growth of automotive IC market. Moreover, the driver assistance systems (ADAS) are the largest users of automotive ICs, as these systems help cars and drivers to remain safe on the road, and provide essential building blocks to semiautonomous and autonomous vehicles. This feature is anticipated to offer lucrative opportunity for the automotive IC market.

Emergence of Internet of Things (IoT) in Integrated Circuits-

The emergence of IoT is the latest trend, which is gaining momentum in the market. Companies are investing heavily on connected cars, which feature IoT and offer potential growth and significant opportunity for the market expansion. Moreover, rise in adoption of sensors and real-time tracking is contributing to the growth of the global automotive IC market. Furthermore, increase in application of IoT, propels the growth of the transportation security technology market, which in turn supplements the growth of the automotive IC market.

Design Complexity of ICs-

One of the major factors hindering the growth of automotive IC market is the design complexity. Generally, microprocessors contain many transistors and lengthy copper lines. In addition, the transistors should be highly reliable. The design chain of automotive IC is much more complex than those of mobile phones or electronic home appliances, such as televisions and remote controllers, thus acting as a major barrier for the automotive IC market.

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Key Segments:

By Type-

•Monolithic Integrated circuits
•Hybrid Integrated circuits
Digital Integrated Circuits
Analog Integrated Circuits
Digital Signal Processor (DSP)

By Application-

•ADAS
•In-vehicle Networking
•Engine Management
•Transmission Control System
•Other
In-vehicle Communication
Battery Control System

By Region
•North America
•Europe
•Asia-Pacific
•LAMEA

Key Findings:

•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.

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