This report provides exclusive insights into the COVID-19 impact on the Automotive Integrated Circuits. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automotive Integrated Circuits. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automotive Integrated Circuits. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
automotive integrated circuits (ICs) market provides an in-depth analysis of segments
and sub-segments in the global as well as regional automotive integrated
circuits (ICs) market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional automotive
integrated circuits (ICs) market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global automotive integrated circuits (ICs) market. According to the report,
the global automotive integrated circuits (ICs) market is projected to grow at
a CAGR of 9.6% over the forecast period of 2019-2025.
Market Insight
Integrated circuits (ICs) is an electronic component essential
in the vehicle control units. It is divided into various types includes
monolithic integrated circuits, digital integrated circuits, analog integrated
circuits, and hybrid integrated circuits. Further, the increasing uses of
automotive integrated circuit technology in vehicle airbags, transmission
control systems, engine management, advanced driver assistance systems, and
in-vehicle communication drives the automotive integrated circuits market over
the forecast period. Moreover, stringent government regulation regarding driver
safety and security is another major factor contributing to the growth of the
market. It is estimated that; more than 80 million passenger cars were produced
around the world in 2017. Moreover, increasing vehicle production across the
globe has a positive impact on market growth.
The government mandates and consumer demand for the electronics the system that improves vehicle performance, which adds comfort and convenience.
This, in turn, drives the growth of the automotive integrated circuits market.
Additionally, the emergence of IoT is one the major trend in the automotive
industry is likely to have a positive impact on market growth. However, the design
complexity of the automotive integrated circuits is expected to restraints market growth. The increasing demand for electronics in vehicles creates growth
opportunities for the market. Going further, players operating in this market
are focusing on the new product launch, which, in turn, creates growth
opportunities for the automotive integrated circuits market. For instance, In
August 2019, Semiconductor supplier Dialog Semiconductor plc has introduced a
mixed-signal IC, designated the SLG46620-A, that can be configured to implement
a number of functions for in-vehicle navigation, infotainment, advanced driver
assistance systems, automotive display clusters, and body electronics.
Among the region, the global automotive integrated circuits market is segmented into North America, Europe, Asia Pacific, and RoW. North
America dominates the global automotive integrated circuits market over the
forecast period owing to the presence of major players in this region. On the
other hand, Europe is accounted for to hold the second position in this market. It is
reported that, in 2018, EU manufacturers produced 16.5 million passenger cars
representing 21% of global car output and more than 2.6 million commercial
vehicles. This, in turn, augments the automotive integrated circuits market over
the forecast period. Asia Pacific is expected to grow at the highest CAGR
throughout the forecast period. This is due to the government incentives
encouraging vehicle standards and increasing inclination towards safety and
security among passengers in the region. High production and sales of vehicles
are the factors driving the automotive integrated circuits market in the Asia
Pacific.
Segment Covered
The report on global automotive integrated circuits (ICs)
market covers segments such as type, vehicle types, and application. On the
basis of type, the sub-markets include monolithic integrated circuits, digital
integrated circuits, analog integrated circuits, and hybrid integrated
circuits. On the basis of vehicle types, the sub-markets include passenger
vehicle and commercial vehicle. On the basis of application, the sub-markets
include advance driver assistance system, in-vehicle networking, engine
management, transmission control system, and other applications.
Companies Profiled:
The report provides profiles of the companies in the market
such as Toshiba Electronics, STMicroelectronics, Rohm Semiconductor, ON
Semiconductor, Microchip Technology Inc., Atmel Corporation, NXP Semiconductors
N.V., Texas Instruments, Infineon Technologies AG, and Renesas Electronics
Corporation.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of automotive integrated
circuits (ICs) market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.