Global Automotive IC Market
Automotive IC Market Size And Forecast
According to Verified Market Research, the Global Automotive IC Market was valued at USD 44.90 Billion in 2018 and is projected to reach USD 89.29 Billion by 2026, growing at a CAGR of 8.93% from 2019 to 2026.
Global Automotive IC Market Outlook
The surge in public demand for autonomous vehicles is the key factor propelling the growth of the market. In addition, the introduction of stringent government regulations for the safety and security of drivers is another factor imposing positive outlook on the market. Moreover, the development of the IoT in the automotive sector accelerates the growth of the market. However, the issues related to the design complexity is hindering the market growth.
Global Automotive IC Market Competitive Landscape
The Global Automotive IC Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as ROHM CO. LTD., Robert Bosch, STMicroelectronics N.V., Intel Corporation, Samsung, Qualcomm Incorporated, Renesas Electronics Corporation, Infineon Technologies AG, Texas Instruments, and NXP Semiconductors N.V.
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