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Automotive Integrated Circuit (ICs) market became a highly profitable industry according to new research report

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Integrated circuit (IC) is a semiconductor device, which contains resistors, capacitors, and transistors. ICs, also known as chip or microchip, are used as microcontrollers in vehicles. Automotive ICs are customized for specific applications within the vehicle system.

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.The global automotive IC market registered a significant growth corresponding to the increase in vehicle production globally. Moreover, government's industrial strategy for the automotive sector focused on the development of ultralow emission, connected, and autonomous vehicles, which fueled the growth of the 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.

Report: bit.ly/2WTa8wZ

The automotive IC market is segmented based on type, application, and region. Depending on type, the market is fragmented into monolithic integrated circuits and hybrid or multichip integrated circuits.

The multichip ICs are further divided into digital ICs, analog ICs, and mixed signal ICs. The applications covered in the study include ADAS, In-vehicle networking, engine management system, transmission control system, and others.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the automotive IC market are Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., ROHM CO. LTD., Texas Instruments, and NXP Semiconductors N.V.

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 Benefits For Stakeholders:

This study includes the analytical depiction of the global automotive IC market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the global industry.

Report: bit.ly/2WGvnln

Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Automotive Integrated Circuit (ICs) Market, By Type

Chapter 5: Automotive Integrated Circuit (ICs) Market, By Application

Chapter 6: Automotive Integrated Circuit (ICs) Market, By Region

Chapter 7: Company Profiles

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