Global Automotive IC Market 2024-2028

Global Automotive IC Market 2024-2028

Global Automotive Ic Market 2024-2028

The automotive ic market is forecasted to grow by USD 23.3 bn during 2023-2028, accelerating at a CAGR of 10.82% during the forecast period. The report on the automotive ic market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid electrification of automobiles, increasing vehicle demand in emerging countries of asia, and increasing demand for evs.

Technavio's automotive ic market is segmented as below:

• By Type
• Discrete
• Logic
• Micro components
• Analog
• Others
• By Vehicle Type
• Passenger cars
• Commercial vehicles
• By Geographical Landscape
• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the emergence of iot as one of the prime reasons driving the automotive ic market growth during the next few years. Also, increasing demand for soc and use of battery management system in evs will lead to sizable demand in the market.

The report on the automotive ic market covers the following areas:

• Automotive ic market sizing
• Automotive ic market forecast
• Automotive ic market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive ic market vendors that include Allegro MicroSystems Inc., Analog Devices Inc., Infineon Technologies AG, Intel Corp., KLA Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Power Clinic Inc., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Siemens AG, STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Wanxiang America Corp.. Also, the automotive ic market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.