The automotive IC market size is expected to increase by USD 10.70 bn from 2021 to 2025. However, the market is expected to register a decelerating CAGR of almost 7%, according to the latest research report from Technavio. The automotive IC market analysis includes type segment, application segment, and geography landscape. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The automotive IC market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The market is driven by the rapid electrification of automobiles. Moreover, the emergence of IoT will be one of the trends in the automotive IC market growth during the next few years.
The automotive IC market covers the following areas:
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Automotive IC Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of almost 7%
Market growth 2021-2025
USD 10.70 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 60%
Key consumer countries
China, US, Germany, Japan, and India
Leading companies, competitive strategies, consumer engagement scope
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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