PORTLAND, Oregon, August 10, 2018 /PRNewswire/ --
According to a recent report published
by Allied Market Research, titled, Automotive IC
Market by Type and Application: Global Opportunity Analysis
and Industry Forecast, 2018-2025, the global automotive IC market
was valued at $43,240 million in
2017, and is projected to reach at $89,140
million by 2025, growing at a CAGR of 9.3% from 2018 to
2025.
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At present, the North America
region dominates the global automotive IC market, owing to increase
in adoption of high-end vehicles in this region. Factors such as
increase in vehicle production and improvement in vehicle standards
with emerging technologies fuel the growth of the Asia-Pacific automotive IC market. Moreover,
various technological advancements in electric vehicles have been
in progress, owing to government initiatives, which propel the
market growth. For instance, according to the Wall Street Journal,
China is close to finalizing a
$47 billion investment fund that
would finance semiconductor research and chip start-up development,
which is expected to assist in propelling the growth of the
automotive IC market.
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Key Findings of the Automotive IC Market:
- In 2017, the engine management segment generated the highest
revenue in the global automotive IC market.
- In 2017, the hybrid or multichip integrated circuit segment
generated the highest revenue among the other IC types in the
global automotive IC market.
The key players profiled in the report include Intel, Samsung,
Robert Bosch, Qualcomm, Renesas
Electronics Corporation, Infineon Technologies AG,
STMicroelectronics N.V., ROHM CO. LTD., Texas Instruments, and NXP
Semiconductors N.V.
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