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Global Automotive ICs Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023) - ResearchAndMarkets.com

December 27, 2018

DUBLIN--(BUSINESS WIRE)--Dec 27, 2018--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

1. Research Methodology

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20181227005132/en/

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Related Topics:Telematics and Vehicle Electronics

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/27/2018 05:26 AM/DISC: 12/27/2018 05:25 AM

http://www.businesswire.com/news/home/20181227005132/en

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