Automotive Integrated Circuit (ICs) Market

Integrated Circuit is a small chip that has the ability to perform in several types such as an amplifier, timer, microprocessor, or computer memory. These chips can perform calculations and store the data by the use of analog or digital technology. An automotive integrated circuit is the type of IC that is customized to be used for some specific applications in the system of a vehicle. The IC which are designed for automotive applications require power technologies that have the ability to withstand 60V and are highly reliable over a wide range of temperature. The integrated circuit in the automotive applications is used in the hybrid & electric vehicles, automotive security systems, powertrain systems, safety, and others.

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The factors that are propelling the growth of the global automotive integrated circuit (ICs) market include the accelerating production of vehicles, increasing demand for electric vehicles, and the rising need for the electronics in vehicles to enhance its features. Additionally, several technological advancements such as the implementation of IoT and favorable government standards for the production of autonomous, connected, and low emission vehicles are further fuelling the market growth of the automotive integrated circuit during the forecast period. Rising concerns regarding the safety & security of the passengers in the automobiles, growing implementation of such IC in in-vehicle networking, and advanced driver assistance systems are factors surging the demand for automotive integrated circuit worldwide. Moreover, the downward trend in the prices of IC and the focus of several players on forming the alliances and launching of new products will further accelerate the growth of the market. The factors responsible for hindering the growth of the global automotive integrated circuit market includes the complexity in the designing of IC.

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Based on the type, the Hybrid or Multichip Integrated Circuit segment is expected to grow at a higher CAGR over the forecast period owing to the rising usage of these types of integrated circuit in the automotive industry. In addition to this, several benefits of the hybrid or multichip integrated circuit such as enhanced performance, less expensive as compared to the monolithic chip, and enhanced flexibility, will attract many consumers to opt for this type of integrated circuit.

Based on the application, the Advanced Driver Assistance System segment is anticipated to increase at a higher compound annual growth rate during the forecast period owing to the high utilization of automotive integrated chip in this application, such as ICs ensures the security of the drivers and cars. Furthermore, the increasing adoption of the advanced driver assistance system in the automotive industry will also lead to an increase in the usage of the automotive integrated circuit, thereby further propelling the market growth of this segment.

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Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the high adoption of automotive integrated circuit and growth in the demand for electronics in automotive. Additionally, the increasing concerns related to the safety of the passengers and favorable government initiatives pertaining to the vehicle standards are some other key factors fuelling the growth of the global automotive integrated circuit market in this region.

Various notable players operating in the market include Samsung, Intel Corporation, Robert Bosch, Renesas Electronics Corporation, Qualcomm, STMicroelectronics N.V, Infineon Technologies AG, Texas Instruments, ROHM Co. Ltd., and NXP Semiconductors N.V among others.

Key Developments: 

• • In 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation. Through this acquisition, the company planned to develop and strengthen its product portfolio including integrated circuit.
  • In 2019, Robert Bosch launched the production of silicon carbide automotive chips to meet the range anxiety, which frightens the drivers from switching to the electric vehicles. Through this launch, the company planned to strengthen its position in the Application-Specific Integrated Circuit.

The global automotive integrated circuit (ICs) market has been segmented on the basis of type, application, and region. Based on the type, the market is segmented into monolithic integrated circuits and hybrid or multichip integrated circuit. The hybrid or multichip integrated circuit market is further categorized into analog IC, Digital IC, and mixed IC. Based on the application, the market is segmented into in-vehicle networking, advanced driver assistance system (ADAS), transmission control system, engine management, and others.

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Key questions answered in this research report:

• • At what pace is the global automotive integrated circuit (ICs) market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global automotive integrated circuit (ICs) market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global automotive integrated circuit (ICs) market?
  • Which type generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of the automotive integrated circuit (ICs), and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Automotive Integrated Circuit (ICs) Market by Type

• • Monolithic Integrated Circuits
  • Hybrid or Multichip Integrated Circuit
    • Analog IC
    • Digital IC
    • Mixed IC

Global Automotive Integrated Circuit (ICs) Market by Application

• • In-Vehicle Networking
  • Advanced Driver Assistance System (ADAS)
  • Transmission Control System
  • Engine Management
  • Others

Global Automotive Integrated Circuit (ICs) Market by Region

• • North America Automotive Integrated Circuit (ICs) Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Integrated Circuit (ICs) Market by Type
    • North America Automotive Integrated Circuit (ICs) Market by Application
    • US Automotive Integrated Circuit (ICs) Market All-Up
    • Canada Automotive Integrated Circuit (ICs) Market All-Up
  • Europe Automotive Integrated Circuit (ICs) Market (Option 2: As a part of the free 25% Customization)
    • Europe Automotive Integrated Circuit (ICs) Market by Type
    • Europe Automotive Integrated Circuit (ICs) Market by Application
    • UK Automotive Integrated Circuit (ICs) Market All-Up
    • Germany Automotive Integrated Circuit (ICs) Market All-Up
    • France Automotive Integrated Circuit (ICs) Market All-Up
    • Spain Automotive Integrated Circuit (ICs) Market All-Up
    • Rest of Europe Automotive Integrated Circuit (ICs) Market All-Up
  • Asia-Pacific Automotive Integrated Circuit (ICs) Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Automotive Integrated Circuit (ICs) Market by Type
    • Asia-Pacific Automotive Integrated Circuit (ICs) Market by Application
    • China Automotive Integrated Circuit (ICs) Market All-Up
    • India Automotive Integrated Circuit (ICs) Market All-Up
    • Japan Automotive Integrated Circuit (ICs) Market All-Up
    • Rest of APAC Automotive Integrated Circuit (ICs) Market All-Up
  • RoW Automotive Integrated Circuit (ICs) Market (Option 4: As a part of the free 25% Customization)
    • RoW Automotive Integrated Circuit (ICs) Market by Type
    • RoW Automotive Integrated Circuit (ICs) Market by Application
    • Brazil Automotive Integrated Circuit (ICs) Market All-Up
    • South Africa Automotive Integrated Circuit (ICs) Market All-Up
    • Saudi Arabia Automotive Integrated Circuit (ICs) Market All-Up
    • UAE Automotive Integrated Circuit (ICs) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Integrated Circuit (ICs) Market All-Up

Global Automotive Integrated Circuit (ICs) Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Samsung
  • Intel Corporation
  • Robert Bosch
  • Renesas Electronics Corporation
  • Qualcomm
  • STMicroelectronics N.V
  • Infineon Technologies AG
  • Texas Instruments
  • ROHM Co. Ltd.
  • NXP Semiconductors N.V