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Automotive IC Market to Reach $89,140 Billion,by 2025

 
 

quote The global automotive IC market is expected to witness a steady growth due to rise in electrification of vehicle and increase in concerns towards safety & security of vehicle and people. In addition, surge in demand for advance vehicles and rise in global vehicle standards are anticipated to boost the growth of the global market. quote

Divyanshi Tewari
Lead Analyst, Automotive & Transportation at AMR.

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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.

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quote Automotive Integrated Circuit (ICs) Market by Type (Monolithic Integrated Circuits and Hybrid Integrated Circuits) and Application (Advance Driver Assistance System, In-vehicle Networking, Engine Management, Transmission Control System, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

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