Analog IC for Automotive Market Report 2024 (Global Edition)

Global Analog IC for Automotive Market Report 2024 Market Size Split by Product Type (Power Management ICs, Application-Specific ICs (ASICs), Signal Processing ICs, Interface ICs, Other), by Vehicle T...

Analog IC for Automotive Market Report Description

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Analog IC for Automotive Market Insights Video

Competitive Landscape of the Analog IC for Automotive Market

The competitive landscape of the Analog IC for the Automotive market is marked by key players focusing on innovation, offering energy-efficient and high-performance ICs for advanced driver assistance systems (ADAS), electric vehicles (EVs), and infotainment solutions. Intense competition drives continuous product development, with players investing in R&D to meet evolving automotive standards. Strategic partnerships and acquisitions further shape the market, enhancing technological capabilities and market reach.

In May 2022, Texas Instruments introduced a solid-state relay portfolio comprising automotive-qualified isolated drivers and switches, making EVs safer. The TPSI3050-Q1 isolated switch driver with an integrated 10-V gate supply and the TPSI2140-Q1 1,400-V, 50-mA isolated switch are the solutions introduced. These provide integration of power and signal isolation across a single barrier, adding to the reliability of the new approach, contrary to the conventional electromagnetic relays and solid-state photo-relays. (Source: https://news.ti.com/2022-05-10-TI-drives-isolation-technology-forward-with-new-solid-state-relays-that-provide-industry-leading-reliability) In May 2022, NXP Semiconductors NV announced the expansion of its Trimension product portfolio to combine ultra-wideband (UWB) radar and fine-ranging capabilities, enabling high motion sensitivity for presence detection, vital signs monitoring, and gesture recognition. The expansion includes Trimension SR160, which can be used to protect against hot car incidences. Such incidences require sending safety alerts when a child is sent in the backseat. (Source: https://www.nxp.com/company/about-nxp/newsroom/NW-NXP-ENABLES-ULTRA-FINE-MOTION-DETECTION-WITH)

Top Companies Market Share in Analog IC for Automotive Industry: (In no particular order of Rank)

• Renesas Electronics
• NXP Semiconductors
• STMicroelectronics
• Texas Instruments
• ROHM Semiconductor
• ON Semiconductor
• Infineon Technologies
• Analog Devices
• Maxim Integrated
• Mitsubishi Electric
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Analog IC for Automotive Market

Which Region Dominates the Analog IC for Automotive Market in 2024?

According to Cognitive Market Research, North America currently dominates the Analog IC for the Automotive market, and the region is expected to have significant growth during the projected period due to its robust automotive manufacturing base, high investment in research and development, and the presence of major semiconductor companies.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising vehicle production, increasing demand for electric vehicles, and significant investments in automotive technology.

The current report Scope analyzes Analog IC for Automotive Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Analog IC for Automotive

According to Cognitive Market Research, the global Analog IC for Automotive market size was estimated at USD 9142.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3656.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Analog IC for Automotive market with a market size of USD 2885.28 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period due to the increasing demand for advanced driver assistance systems (ADAS).
• The Canada Analog IC for the Automotive market had a market share of USD 438.83 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period due to the growing demand for advanced driver assistance systems (ADAS) and connectivity features.
• The Mexico Analog IC for the Automotive market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 332.78 million in 2024.

Europe Analog IC for Automotive

According to Cognitive Market Research, the global Analog IC for Automotive market size was estimated at USD 9142.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2742.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• The United Kingdom Analog IC for Automotive market had a market share of USD 460.77 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. In the UK, Analog IC for Automotive sales witness an upswing due to the increasing demand for electric vehicles and advanced driver assistance systems (ADAS).
• The France Analog IC for Automotive market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 252.32 million in 2024.
• According to Cognitive Market Research, the German Analog IC for Automotive market size was valued at USD 543.05 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In Germany, Analog IC for Automotive surged due to the increasing integration of advanced driver assistance systems (ADAS).
• The Italy Analog IC for the Automotive market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 235.05 million in 2024.
• The Russia Analog IC for the Automotive market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 425.11 million in 2024.
• The Spain Analog IC for Automotive market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 224.90 million in 2024
• The Luxembourg Analog IC for Automotive market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 85.02 million in 2024.
• The Portugal Analog IC for Automotive market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 57.60 million in 2024.
• The Greece Analog IC for Automotive market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 32.91 million in 2024.
• The Rest of Europe's Analog IC for Automotive market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 425.11 million in 2024.

Asia Pacific Analog IC for Automotive

According to Cognitive Market Research, the global Analog IC for Automotive market size was estimated at USD 9142.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2102.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Analog IC for Automotive market size was valued at USD 946.22 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Analog IC for Automotive surged in China due to the rapid adoption of electric vehicles and increasing investments in automotive electronics and smart vehicle technologies.
• The Japan Analog IC for Automotive market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 290.17 million in 2024.
• The India Analog IC for the Automotive market had a market share of USD 252.32 million in 2024 and is projected to grow at a CAGR of 11.6% during the forecast period due to the demand for advanced driver assistance systems (ADAS) and connectivity features.
• The South Korean Analog IC for Automotive market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 210.27 million in 2024.
• The Australian Analog IC for Automotive market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 109.34 million in 2024.
• The South East Asia Analog IC for Automotive market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 145.09 million in 2024.
• The Rest of Asia Pacific Analog IC for Automotive market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 149.29 million in 2024.

South America Analog IC for Automotive

According to Cognitive Market Research, the global Analog IC for Automotive market size was estimated at USD 9142.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 457.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Analog IC for Automotive market size was valued at USD 195.64 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Analog IC for Automotive flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's Analog IC for the Automotive market had a market share of USD 76.79 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period due to the transition towards electric and connected vehicles.
• Colombia Analog IC for Automotive market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 40.68 million in 2024.
• Peru Analog IC for the Automotive market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 37.48 million in 2024.
• Chile Analog IC for the Automotive market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 32.91 million in 2024.
• The Rest of Latin America's Analog IC for the Automotive market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 73.59 million in 2024.

Middle East and Africa Analog IC for Automotive

According to Cognitive Market Research, the global Analog IC for Automotive market size was estimated at USD 9142.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 182.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031..

• The GCC Countries Analog IC for Automotive market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 78.26 million in 2024. Analog IC for Automotive sales flourished due to the region's growing focus on smart city initiatives and enhanced automotive technologies.
• The Egypt Analog IC for the Automotive market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 19.20 million in 2024.
• The South Africa Analog IC for Automotive market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 28.89 million in 2024. Analog IC for Automotive sales flourished in South Africa due to the growing demand for electric vehicles.
• The Turkey Analog IC for the Automotive market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 15.72 million in 2024.
• The Nigeria Analog IC for Automotive market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 19.20 million in 2024.
• The Rest of the MEA Analog IC for the Automotive market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 21.58 million in 2024.

Analog IC for Automotive Market Analysis

How are Segments Performing in the Global Analog IC for the Automotive Market?

Analog IC for Automotive Market Product Type Segment Analysis

According to Cognitive Market Research, Application-Specific ICs (ASICs) are likely to dominate the Analog IC for Automotive Market over the forecast period by providing tailored solutions that meet specific functionality and performance requirements. Their ability to integrate multiple functions into a single chip enhances efficiency, reduces power consumption, and minimizes space, making them ideal for advanced automotive applications like driver assistance and electric vehicles.

The signal processing ICs are the fastest-growing segment in the Analog IC for Automotive Market due to the rising demand for advanced driver assistance systems (ADAS), infotainment features, and connectivity solutions. These ICs enhance data processing capabilities, enabling real-time performance and improved safety, crucial for modern, technologically advanced vehicles.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Analog IC for Automotive Industry. Request a Free Sample PDF!

Analog IC for Automotive Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the passenger vehicles segment holds the largest market share due to their extensive use of electronic systems for comfort, safety, and connectivity features. The growing demand for advanced driver-assistance systems (ADAS), infotainment, and electric drivetrains in passenger cars drives the need for high-performance analog ICs, sustaining significant market growth.

In the Analog IC for the Automotive market, the rapidly growing sector is the electric vehicles (EVs) category due to their reliance on advanced electronics for battery management, power conversion, and energy efficiency. The increasing adoption of EVs drives demand for sophisticated analog ICs, supporting essential functions that enhance performance and extend battery life.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Analog IC for Automotive Application Segment Analysis

Analog IC for Automotive Market Application Segment Analysis

According to Cognitive Market Research, the infotainment systems segment holds the largest share of the market by driving demand for advanced audio, video, and connectivity features. As vehicles increasingly integrate navigation, smartphone connectivity, and entertainment options, the need for high-performance analog ICs to support these complex functionalities continues to grow, making them essential in modern automotive design.

In the Analog IC for the Automotive Market, the ADAS (Advanced Driver Assistance Systems) has been expanding at a rapid pace due to the increasing demand for enhanced safety, improved vehicle performance, and regulatory requirements. These systems rely on sophisticated analog ICs for functions like sensor fusion, signal processing, and control systems, driving significant advancements and investments in the sector.

• Infotainment Systems
• ADAS (Advanced Driver Assistance Systems)
• Powertrain
• Body Electronics
• Safety Systems
• Other

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion