Automotive IC Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Automotive IC Market Size
The global Automotive IC market was valued at US$ 45650 million in 2023 and is anticipated to reach US$ 78220 million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

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Automotive IC Market
Automotive ICs are Ics used in automotive.Automotive electronics are used in safety systems, driver assistance, powertrain control, communications, and infotainment systems.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Automotive IC, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive IC.
Report Scope
The Automotive IC market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive IC market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive IC manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Segment by Type
• Analog
• Logic
• Discrete
• Others

Segment by Application
• Passenger Vehicle
• Commercial Vehicle

By Company
Atmel, Infineon Technologies, NXP Semiconductors, Renesas Electronics, Robert Bosch, STMicroelectronics

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