How Big is the Automotive IC Market?
IMARC Group, a leading market research company, has recently releases report titled “ Automotive IC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The study provides a detailed analysis of the industry, including the global automotive IC market share , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How big is the automotive IC market? The global automotive IC market size reached US$ 49.1 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 90.4 Billion by 2028 , exhibiting a growth rate (CAGR) of 10.3% during 2023-2028. What is the automotive IC? An automotive integrated circuit (IC) represents an electronic component that is specifically designed to operate in harsh conditions, such as vibration, high temperatures, electromagnetic interference, etc. It generally comprises sensors, power management ICs, microcontrol...