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.
- 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.
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