Lucintel's latest market report analyzed that analog IC for automotive provides attractive opportunities in ADAS, in-vehicle networking, engine management, and transmission control system applications. The analog IC for automotive market is expected to reach $12.4 billion by 2028 with a CAGR of 7.1%. In this market, general purpose IC is the largest segment by type, whereasADAS is largest by application.
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Based on type, the analog IC for automotive market is segmented into general purpose IC and application specific IC.. The general purpose IC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it helps in transferring the information in a very short time while facilitating immediate response and thereby ensuring the safety of the passengers as well as the pedestrians.
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The Analog IC for Automotive Market is marked by the presence of several big and small players. Some of the prominent players offering analog IC for automotive include Infineon Technologies, Microchip Technology, NXP Semiconductor, Qualcomm Inc., Richtek Technology, Skywork Solutions, STMicroelectronics, Taiwan Semiconductor Co., Texas Instruments.
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