DUBLIN--(BUSINESS WIRE)--The "Global Automotive ICs Market- by Product Type, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global automotive IC's market was USD 34.19 billion in 2017 and is estimated to reach USD 59.66 billion by 2023 at a CAGR of 9.72% during the forecast period.
The trend of the Internet of things or IoT is one of a major factor driving the growth of Automotive IC market. With the growing preference among consumers and investors, automotive manufacturers are focusing on adopting IoT for various applications including vehicle location tracking, fleet and driver management, and traffic management.
Second major key factor for the growth of the automotive IC market is rapid electrification of automobiles with an eye on a switch to a cleaner future and less use of environment-damaging fossil fuels.
However, complexity in the design of automotive ICs which is much more complicated than the technology used for mobile phones and commonly used home appliances hinder market growth.
Industry Trends and Updates
- Toshiba America Electronic Components Inc. (TAEC), launched new IC that is consistent with the Bluetooth Low Energy (LE)1 core specification 4.2, including support for a safe association. It was intended for use in unforgiving car conditions and expanded temperature ranges.
- Renesas Electronics Corporation launched the Renesas autonomy, a new advanced driving assistance systems (ADAS) and robotized driving stage. As the primary rollout under its Renesas Autonomy stage, Renesas released the R-Car V3M high-performance image recognition system-on-chip (SoC) upgraded fundamentally for use in smart camera applications and surround view system.
Companies Profiled
- Atmel
- Infineon Technologies AG
- Intel
- Microchip Technology
- NXP Semiconductors N.V.
- ON Semiconductor
- Qualcomm
- Renesas Electronics Corporation
- Robert Bosch
- Rohm Co. Ltd.
- Samsung
- STMicroelectronics N.V.
- Texas Instruments
- Toshiba
Key Topics Covered
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Automotive Integrated Circuits (ICs) Market Segmentation, Forecasts and Trends - by Product Type
6. Global Automotive Integrated Circuits (ICs) Segmentation, Forecasts and Trends - by Application
7. Global E-cigarette Market Segmentation, Forecasts and Trends - by Region
8. Company Market Share Analysis
9. Company Profiles
10. Industry Structure
11. Global Automotive ICs Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/lw36qk/global_automotive?w=4
