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The Global Automotive IC Market is forecast to grow by $16.86 bn during 2022-2027, accelerating at a CAGR of 8.84% during the forecast period

ReportLinker
ReportLinker

Global Automotive IC Market 2023-2027. The analyst has been monitoring the automotive IC market and is forecast to grow by $16.86 bn during 2022-2027, accelerating at a CAGR of 8.84% during the forecast period.

New York, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive IC Market 2023-2027" - https://www.reportlinker.com/p05256520/?utm_source=GNW
Our 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 the rapid electrification of automobiles, increasing vehicle demand in emerging countries of Asia, and increasing demand for EVs.

The 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 the use of battery management systems in EVs will lead to sizable demand in the market.

The analyst 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. Our report on the automotive IC market covers the following areas:
• Automotive IC market sizing
• Automotive IC market forecast
• Automotive IC market industry analysis

This 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., Infineon Technologies AG, Intel Corp., KLA Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp, Power Clinic Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Siemens AG, STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., Wanxiang Group Corp., Analog Devices Inc., and Qualcomm Inc. 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 analyst 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. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p05256520/?utm_source=GNW

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