Enjoy complimentary customisation on priority with our Enterprise License!
The automotive IC market size is forecast to increase by USD 23.3 billion, at a CAGR of 10.82% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2017-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The market continues to evolve, driven by advancements in electrical noise reduction and component miniaturization. Automotive microcontrollers, a key component in this market, are becoming more sophisticated, enabling secure boot processes and in-vehicle networking. Power semiconductor devices and high-speed data buses facilitate the integration of advanced driver-assistance systems and infotainment systems. Fault detection algorithms and powertrain control systems are essential for ensuring functional safety standards. Software defined vehicles and hardware acceleration techniques are revolutionizing the industry, leading to the development of autonomous driving technology. Embedded system design and hardware-in-the-loop simulation are crucial for the design and testing of these complex systems.
The automotive communication protocols and sensor integration techniques enable real-time operating systems to manage the vast amounts of data generated by these systems. Low-power design methodologies and system-on-chip architecture are essential for optimizing power consumption. Thermal management solutions and digital signal processing are critical for maintaining optimal operating temperatures and processing complex data streams. Circuit board assembly and integrated circuit packaging are essential for the physical realization of these systems. Over-the-air updates and wireless sensor networks enable remote monitoring and maintenance, enhancing the overall customer experience. Electronic control units and analog-to-digital converters are integral components of these systems, ensuring precise data acquisition and processing.
According to industry reports, the market is expected to grow by over 10% annually, driven by the increasing demand for advanced safety features and connected vehicles. This growth is a testament to the continuous dynamism and innovation in this market. For instance, a leading automaker reported a 25% increase in sales of electric vehicles equipped with advanced driver-assistance systems in the last quarter.
The automotive IC industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.
The discrete segment is estimated to witness significant growth during the forecast period.
In the dynamic automotive industry, various technological advancements are shaping the landscape of discrete ICs. Sensors, such as micro-electro-mechanical system (MEMS) sensors, are witnessing significant growth. MEMS sensors, which include torque, force, pressure, accelerometer, and proximity sensors, are increasingly demanded for their ability to provide accurate and reliable data, unaffected by environmental factors. These smart sensors play a pivotal role in the Internet of Things (IoT) ecosystem, particularly in connected vehicles. The data generated by these sensors is assigned a unique identifier, enabling transmission through the Internet or similar networks via a wireless sensor and actuator network (WSAN) protocol.
Automotive microcontrollers are also undergoing component miniaturization, leading to increased integration and improved performance. Secure boot processes ensure system protection against unauthorized access. In-vehicle networking facilitates seamless communication between various subsystems, such as powertrain control systems and infotainment systems. Power semiconductor devices and high-speed data buses enable efficient power management and real-time data processing. Fault detection algorithms and advanced driver-assistance systems (ADAS) employ model-based design and real-time operating systems for enhanced safety and functionality. Functional safety standards, such as ISO 26262, ensure the reliability and safety of these systems. Autonomous driving technology and software-defined vehicles rely on hardware acceleration techniques and digital signal processing for advanced perception and decision-making capabilities.
The automotive industry is expected to grow by approximately 5% annually, driven by the integration of advanced technologies and the increasing demand for electric and autonomous vehicles. System-on-chip architecture, thermal management solutions, and low-power design methodologies are essential for optimizing power consumption and enhancing performance. Circuit board assembly and integrated circuit packaging ensure the reliable and efficient manufacturing of these complex systems. Over-the-air updates and wireless sensor networks enable remote monitoring and maintenance, improving overall vehicle efficiency and reducing downtime.
The Discrete segment was valued at USD 8.00 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth due to the increasing demand for advanced technologies in the automotive industry. Electrical noise reduction and automotive microcontrollers play crucial roles in enhancing vehicle performance and fuel efficiency. Component miniaturization enables the integration of more features into smaller spaces, while secure boot processes ensure vehicle security. In-vehicle networking facilitates communication between various systems, and power semiconductor devices power the electrical systems. High-speed data buses enable real-time data transfer, and fault detection algorithms ensure system reliability. Powertrain control systems optimize engine performance, and infotainment systems integration offers a seamless user experience.
Software-defined vehicles and hardware acceleration techniques enable faster processing and customization. Autonomous driving technology and advanced driver-assistance systems are transforming the industry, with model-based design and real-time operating systems ensuring reliable performance. Functional safety standards, automotive communication protocols, and sensor integration techniques prioritize safety and connectivity. Low-power design methodologies and system-on-chip architecture reduce energy consumption, while thermal management solutions maintain optimal operating temperatures. Digital signal processing and circuit board assembly ensure accurate data processing and efficient manufacturing. Over-the-air updates and wireless sensor networks enable remote monitoring and maintenance. The market is expected to grow by over 10% annually, driven by emerging markets in China and India, where vehicle demand is surging.
Key players, such as Alcon Electronics and Xiamen Sanan Integrated Circuits, are investing heavily in R&D and production to meet this demand.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The automotive IC market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive IC market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, automotive IC market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Allegro MicroSystems Inc. - This company specializes in advanced driver-assistance systems (ADAS) technology for the automotive industry, providing innovative solutions to enhance vehicle safety and improve overall driving experience.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Automotive IC Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
191 |
|
Base year |
2023 |
|
Historic period |
2017-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 10.82% |
|
Market growth 2024-2028 |
USD 23.3 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
9.51 |
|
Key countries |
China, US, Germany, UK, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this automotive IC market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
