Auto Market Consumes $89 Billion Worth Of ICs By 2025

Allied Market Research’s report titled, “Automotive IC Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025”, shows that the global automotive IC market was valued at $43,240 million in 2017, and is projected to reach at $89,140 million by 2025, growing at a CAGR of 9.3% from 2018 to 2025. At present, the North America region dominates the global automotive IC market, owing to increased adoption of high-end vehicles.

 

Highlights

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  • In 2017, the engine management segment generated the highest revenue in the global automotive IC market.
  • In 2017, the hybrid or multichip integrated circuit segment generated the highest revenue among the other IC types in the global automotive IC market.
  • Key players profiled in the report include Intel, Samsung, Robert Bosch, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., ROHM CO. LTD., Texas Instruments, and NXP Semiconductors N.V. 

For more knowledge, request sample of the “Automotive IC Market” report.

 

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