According to a market report by Lucintel, the future of the analog IC for automotive market looks promising with opportunities in ADAS, in-vehicle networking, engine management, and transmission control system applications. The global analog IC for automotive market is expected to reach an estimated $12.4 billion by 2028 with a CAGR of 7.1% from 2023 to 2028. The major drivers for this market are introduction of advanced fabrication techniques, growing number of self-driving cars, and rising use of electronics in navigation, vehicular handling, power management, powertrain controls, entertainment, and safety systems.
In this market, general purpose IC and application specific IC are the two major analog IC type segments. Lucintel forecasts that general purpose IC will remain the largest segment over the forecast period as it helps in transferring the information in a very short time while facilitating immediate response and thereby ensuring the safety of the passengers as well as the pedestrians.
Within this market, ADAS is projected to record the highest growth due to introduction of stringent government regulations, which have mandated the compulsory incorporation of features, such as automatic braking and lane departure warning globally.
APAC is expected to witness the highest growth during the forecast period due to rapid infrastructure development to enhance road safety, introduction of road safety norms by governments, and growing demand for electric vehicles in countries, like China and India.
Infineon Technologies, Microchip Technology, NXP Semiconductors, Qualcomm Inc, Richtek Technology, Skywork Solutions, STMicroelectronics, Taiwan Semiconductor Co., and Texas Instruments are the major analog IC suppliers in the global automotive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for analog IC in the global automotive market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Analog IC in the Global Automotive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for analog IC in the global automotive market by type, application, and region, as follows:
Analog IC for Automotive Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
General Purpose IC
Application Specific IC
Analog IC for Automotive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
ADAS
In-Vehicle Networking
Engine Management
Transmission Control System
Others
Analog IC for Automotive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the analog IC automotive market by type (general purpose IC and application specific IC), application (ADAS, in-vehicle networking, engine management, and transmission control system), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?