Press release
Automotive Integrated Circuit (ICs) Market Global Opportunity Analysis and Industry Forecast, 2022-2030
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.Download Report (210 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/4751
 Key Market Players
INTEL CORPORATION
SAMSUNG
ROBERT BOSCH
QUALCOMM
RENESAS ELECTRONICS CORPORATION
INFINEON TECHNOLOGIES AG
STMICROELECTRONICS N.V
ROHM SEMICONDUCTOR
TEXAS INSTRUMENTS
NXP SEMICONDUCTORS N.V.
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The growth of the automotive IC market is driven by rapid electrification of vehicles. In addition, 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 offer lucrative demand for electronics in vehicles. This increase in demand lowers down the price of ICs, which further boosts the market growth. In addition, emergence of IoT in automotive industry assists to supplement the growth of the market.Â
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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.
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 Key Benefits for Stakeholders
This study comprises an analytical depiction of the global automotive IC market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the automotive IC industry.
The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global automotive IC market.
Porters five forces analysis illustrates the potency of the buyers and suppliers in this global market.
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