The global automotive IC market size reached US$ 54.2 Billion in 2023. Looking forward, the market is projected to reach US$ 120.3 Billion by 2032, exhibiting a growth rate (CAGR) of 9.26% during 2023-2032. The increasing demand for autonomous vehicles, rising automation, and the growing focus on driver and passenger safety represent some of the key factors driving the market.
An automotive integrated circuit (IC) is an electronic component designed to operate in harsh conditions encountered in a vehicle, such as high temperatures, vibration, and electromagnetic interference. It comprises microcontrollers, sensors, power management ICs, and communication ICs. It assists in improving the overall performance of a vehicle by enabling more precise control of engine management and transmission control. It is used in infotainment, navigation, and communication systems for enabling drivers to stay connected and access required information and services. It is also utilized in safety critical systems, including airbags, anti lock brakes, and traction control, to ensure safe and reliable operations.
This, coupled with the rising focus on driver and passenger safety on account of the growing number of fatal road accidents, is influencing the market positively. Apart from this, the increasing usage of data analytics in the automotive industry is resulting in the rising demand for automotive ICs to support the processing and analysis of a large amount of data from sensors, cameras, and other sources. Furthermore, key players are focusing on several marketing strategies, such as partnerships, collaborations, and mergers and acquisitions (M&As) to enhance their geographical presence, which is stimulating the market growth.
Besides this, the growing focus on cybersecurity is catalyzing the demand for automotive ICs to offer secure communication and data protection. Additionally, the increasing demand for vehicle electrification to enhance user comfort without impacting vehicle range, significant improvements in the automotive infrastructure, and extensive research and development (R&D) activities are other factors favoring the market growth.
Some of the companies covered include Infineon Technologies AG, NXP Semiconductors N.V, Qualcomm Incorporated, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Rohm Co. Ltd., STMicroelectronics N.V., Texas Instruments Incorporated, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
2. What is the expected growth rate of the global automotive IC market during 2024-2032?
3. What are the key factors driving the global automotive IC market?
4. What has been the impact of COVID-19 on the global automotive IC market?
5. What is the breakup of the global automotive IC market based on the type?
6. What is the breakup of the global automotive IC market based on the application?
7. What are the key regions in the global automotive IC market?
8. Who are the key players/companies in the global automotive IC market?
An automotive integrated circuit (IC) is an electronic component designed to operate in harsh conditions encountered in a vehicle, such as high temperatures, vibration, and electromagnetic interference. It comprises microcontrollers, sensors, power management ICs, and communication ICs. It assists in improving the overall performance of a vehicle by enabling more precise control of engine management and transmission control. It is used in infotainment, navigation, and communication systems for enabling drivers to stay connected and access required information and services. It is also utilized in safety critical systems, including airbags, anti lock brakes, and traction control, to ensure safe and reliable operations.
Automotive IC Market Trends
The increasing demand for hybrid, autonomous, and electric vehicles on account of rapid urbanization and rising disposable incomes currently represent one of the major factors driving the need for more enhanced automotive ICs around the world. Moreover, the growing use of automation in vehicles, such as automated parking and self driving, is catalyzing the demand for automotive ICs to handle the processing and control requirements. In addition, automotive ICs find application in the advanced driver assistance systems (ADAS) with features, which include lane departure warnings, adaptive cruise control, and collision avoidance systems of vehicles.This, coupled with the rising focus on driver and passenger safety on account of the growing number of fatal road accidents, is influencing the market positively. Apart from this, the increasing usage of data analytics in the automotive industry is resulting in the rising demand for automotive ICs to support the processing and analysis of a large amount of data from sensors, cameras, and other sources. Furthermore, key players are focusing on several marketing strategies, such as partnerships, collaborations, and mergers and acquisitions (M&As) to enhance their geographical presence, which is stimulating the market growth.
Besides this, the growing focus on cybersecurity is catalyzing the demand for automotive ICs to offer secure communication and data protection. Additionally, the increasing demand for vehicle electrification to enhance user comfort without impacting vehicle range, significant improvements in the automotive infrastructure, and extensive research and development (R&D) activities are other factors favoring the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global automotive IC market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type and application.Type Insights:
- Monolithic Integrated Circuits
- Hybrid Integrated Circuits
- Analog IC
- Digital IC
- Mixed IC
Application Insights:
- Advanced Driver Assistance System (ADAS)
- In-Vehicle Networking
- Engine Management
- Transmission Control System
- Others
Regional Insights
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive IC market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.Some of the companies covered include Infineon Technologies AG, NXP Semiconductors N.V, Qualcomm Incorporated, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Rohm Co. Ltd., STMicroelectronics N.V., Texas Instruments Incorporated, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global automotive IC market in 2023?2. What is the expected growth rate of the global automotive IC market during 2024-2032?
3. What are the key factors driving the global automotive IC market?
4. What has been the impact of COVID-19 on the global automotive IC market?
5. What is the breakup of the global automotive IC market based on the type?
6. What is the breakup of the global automotive IC market based on the application?
7. What are the key regions in the global automotive IC market?
8. Who are the key players/companies in the global automotive IC market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive IC Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Infineon Technologies AG
- NXP Semiconductors N.V
- Qualcomm Incorporated
- Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
- Rohm Co. Ltd.
- STMicroelectronics N.V.
- Texas Instruments Incorporated
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 54.2 Billion |
| Forecasted Market Value ( USD | $ 120.3 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
