Automotive IC market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- According to Technavio, the global automotive IC market size is estimated to grow by USD 16.86 billion from 2022 to 2027. The market is expected to grow at a CAGR of 8.84% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 48% of the growth of the global market during the forecast period. 

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Global automotive IC market - Five forces
The global automotive IC market is fragmented, and the five forces analysis covers – 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter's five forces model – buy the report!

Global automotive IC market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global automotive IC market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (discrete, logic, micro components, analog, and others). 

• The discrete segment will grow at a significant rate during the forecast period. In the automotive industry, discrete ICs include sensors such as micro-electro-mechanical system (MEMS). The demand for smart sensors is increasing in this industry. Smart sensors provide accurate and reliable data. Hence, they are an integral part of the current IoT ecosystem in connected vehicles. These factors will drive the growth of the segment during the forecast period.

Geography overview
Based on geography, the global automotive IC market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive IC market.

• APAC is estimated to account for 48% of the growth of the global market during the forecast period. The number of opportunities for global automobile manufacturers is increasing in the region owing to the economic growth of emerging countries such as China and India. Global players are investing significantly in the production and R&D of new technologies and are contributing to market growth. These factors will drive the growth of the regional market during the forecast period.

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Global automotive IC market – Market dynamics
Key factor driving market growth

• The declining price of ICs and increasing demand for electronics in vehicles is driving the market.
• The automotive semiconductor market is driven by the electrification of the drivetrain, vehicle intelligence, and consumerization of auto electronics.
• The demand for electronic components in the drivetrain is increasing owing to the adoption of hybrid and EVs.
• Therefore, there will be several opportunities for hybrid and electric vehicles in the IC market during the forecast period.

Leading trends influencing the market 

• The potential demand for EVs is the key trend in the market.
• EV provide a high torque and power on demand and require low maintenance.
• Electric engines are more efficient when compared to internal combustion engines (ICEs).
• Moreover, there has been a push toward green vehicles that run on electricity or another power source, such as solar, wind, and biofuels, to reduce greenhouse gas (GHG) emission levels.
• Therefore, governments of countries across the world have enforced stringent emission norms to minimize the adverse effects of global warming and reduce GHG emissions.
• These factors will support the market's growth during the forecast period.

Major challenges hindering market growth

• Complexity in design is challenging the market growth.
• The designing of ICs a difficult task, and their replacement is highly expensive, which affects the price of the vehicle.
• Vehicle sub-components designed with excessive performance margins can also make the product expensive.
• Therefore, OEMs should ensure a high level of reliability and focus on reliability tests such as the six-sigma design and zero-defect design to avoid IC failure.
• Such factors will pose a challenge for the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this automotive IC market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive IC market between 2023 and 2027
• Precise estimation of the size of the automotive IC market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive IC market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive IC market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive IC market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global automotive IC market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Discrete - Market size and forecast 2022-2027
• Exhibit 34: Chart on Discrete - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Discrete - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Discrete - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Discrete - Year-over-year growth 2022-2027 (%)

• 6.4 Logic - Market size and forecast 2022-2027
• Exhibit 38: Chart on Logic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Logic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Logic - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Logic - Year-over-year growth 2022-2027 (%)

• 6.5 Micro components - Market size and forecast 2022-2027
• Exhibit 42: Chart on Micro components - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Micro components - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Micro components - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Micro components - Year-over-year growth 2022-2027 (%)

• 6.6 Analog - Market size and forecast 2022-2027
• Exhibit 46: Chart on Analog - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Analog - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Analog - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Analog - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ billion)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 55: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 57: Chart on Comparison by Vehicle Type
• Exhibit 58: Data Table on Comparison by Vehicle Type

• 7.3 Passenger cars - Market size and forecast 2022-2027
• Exhibit 59: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicles - Market size and forecast 2022-2027
• Exhibit 63: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 67: Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Analog Devices Inc. 
• Exhibit 120: Analog Devices Inc. - Overview
• Exhibit 121: Analog Devices Inc. - Business segments
• Exhibit 122: Analog Devices Inc. - Key offerings
• Exhibit 123: Analog Devices Inc. - Segment focus

• 12.4 Infineon Technologies AG 
• Exhibit 124: Infineon Technologies AG - Overview
• Exhibit 125: Infineon Technologies AG - Business segments
• Exhibit 126: Infineon Technologies AG - Key news
• Exhibit 127: Infineon Technologies AG - Key offerings
• Exhibit 128: Infineon Technologies AG - Segment focus

• 12.5 Intel Corp. 
• Exhibit 129: Intel Corp. - Overview
• Exhibit 130: Intel Corp. - Business segments
• Exhibit 131: Intel Corp. - Key news
• Exhibit 132: Intel Corp. - Key offerings
• Exhibit 133: Intel Corp. - Segment focus

• 12.6 KLA Corp. 
• Exhibit 134: KLA Corp. - Overview
• Exhibit 135: KLA Corp. - Business segments
• Exhibit 136: KLA Corp. - Key news
• Exhibit 137: KLA Corp. - Key offerings
• Exhibit 138: KLA Corp. - Segment focus

• 12.7 Microchip Technology Inc. 
• Exhibit 139: Microchip Technology Inc. - Overview
• Exhibit 140: Microchip Technology Inc. - Business segments
• Exhibit 141: Microchip Technology Inc. - Key offerings
• Exhibit 142: Microchip Technology Inc. - Segment focus

• 12.8 Micron Technology Inc. 
• Exhibit 143: Micron Technology Inc. - Overview
• Exhibit 144: Micron Technology Inc. - Business segments
• Exhibit 145: Micron Technology Inc. - Key offerings
• Exhibit 146: Micron Technology Inc. - Segment focus

• 12.9 NXP Semiconductors NV 
• Exhibit 147: NXP Semiconductors NV - Overview
• Exhibit 148: NXP Semiconductors NV - Product / Service
• Exhibit 149: NXP Semiconductors NV - Key news
• Exhibit 150: NXP Semiconductors NV - Key offerings

• 12.10 Qualcomm Inc. 
• Exhibit 151: Qualcomm Inc. - Overview
• Exhibit 152: Qualcomm Inc. - Business segments
• Exhibit 153: Qualcomm Inc. - Key news
• Exhibit 154: Qualcomm Inc. - Key offerings
• Exhibit 155: Qualcomm Inc. - Segment focus

• 12.11 Renesas Electronics Corp. 
• Exhibit 156: Renesas Electronics Corp. - Overview
• Exhibit 157: Renesas Electronics Corp. - Business segments
• Exhibit 158: Renesas Electronics Corp. - Key offerings
• Exhibit 159: Renesas Electronics Corp. - Segment focus

• 12.12 Robert Bosch GmbH 
• Exhibit 160: Robert Bosch GmbH - Overview
• Exhibit 161: Robert Bosch GmbH - Business segments
• Exhibit 162: Robert Bosch GmbH - Key offerings
• Exhibit 163: Robert Bosch GmbH - Segment focus

• 12.13 ROHM Co. Ltd. 
• Exhibit 164: ROHM Co. Ltd. - Overview
• Exhibit 165: ROHM Co. Ltd. - Business segments
• Exhibit 166: ROHM Co. Ltd. - Key news
• Exhibit 167: ROHM Co. Ltd. - Key offerings
• Exhibit 168: ROHM Co. Ltd. - Segment focus

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 169: Samsung Electronics Co. Ltd. - Overview
• Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 171: Samsung Electronics Co. Ltd. - Key news
• Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 STMicroelectronics NV 
• Exhibit 174: STMicroelectronics NV - Overview
• Exhibit 175: STMicroelectronics NV - Business segments
• Exhibit 176: STMicroelectronics NV - Key news
• Exhibit 177: STMicroelectronics NV - Key offerings
• Exhibit 178: STMicroelectronics NV - Segment focus

• 12.16 Texas Instruments Inc. 
• Exhibit 179: Texas Instruments Inc. - Overview
• Exhibit 180: Texas Instruments Inc. - Business segments
• Exhibit 181: Texas Instruments Inc. - Key news
• Exhibit 182: Texas Instruments Inc. - Key offerings
• Exhibit 183: Texas Instruments Inc. - Segment focus

• 12.17 Toshiba Corp. 
• Exhibit 184: Toshiba Corp. - Overview
• Exhibit 185: Toshiba Corp. - Business segments
• Exhibit 186: Toshiba Corp. - Key offerings
• Exhibit 187: Toshiba Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 188: Inclusions checklist
• Exhibit 189: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 190: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 191: Research methodology
• Exhibit 192: Validation techniques employed for market sizing
• Exhibit 193: Information sources

• 13.5 List of abbreviations 
• Exhibit 194: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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