Global Automotive ASIC Market Size By Type (Standard Cell Based ASIC, Gate Array Based ASIC), By Application (Passenger Cars, Commercial Vehicles), By Geographic Scope And Forecast

Automotive ASIC Market Size And Forecast

Automotive ASIC Market size was valued at USD 4.31 Billion in 2024 and is projected to reach USD 25.8 Billion by 2031, growing at a CAGR of 29.2% during the forecast period 2024-2031.

Meeting the demand for enhanced product capabilities while also maximizing cost-efficiencies and reducing complexity is driving many in the automotive industry to explore the option to develop custom ASIC solutions. The Global Automotive ASIC Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive ASIC Market Definition

Microelectronics are shaping the future of mobility from hybrid and electric powertrains to autonomous driving. The automotive industry has become one of the major consumers of electronics technology as the demand for hybrid and automobiles and electric cars is growing. An ASIC (Application Specific Integrated Circuit) is a custom IC that is designed, planned, developed, and used for a specific purpose. Smart cars and driverless cars will rely on sensor ASIC for position control, timing control, speed control, and others.

In automotive, ASICs are used for various functions in different components such as engine control systems, airbag control systems, anti-lock brake systems (ABS), entertainment systems, and more. ASIC in engine control systems is often used to monitor and adjust fuel injection, ignition timing, and other engine parameters. In safety systems like airbags, anti-lock brakes (ABS), and electronic stability control (ESC) ASIC are used to monitor vehicle dynamics and respond to changes in driving conditions. It also helps to monitor, optimize battery life and reduce energy consumption.

Today, ASICs are considered an important component of modern electronics, enabling advanced features and functions that were not possible with traditional mechanical systems. One of the major advantages of using ASIC is increased reliability and precision. ASICs are designed specifically to operate reliably over long periods of time, and their performance can be precisely controlled and optimized. In addition to this, the size of ASIC is an important factor as it offers the potential for significant reductions in size and weight compared to mechanical systems.

Global Automotive ASIC Market Overview

Automobile companies across the world are focused more on investing in electronics and specific applications in-vehicle systems. Some of the leading automobile manufacturers are gearing towards producing smarter and safer cars with the help of automobile ASIC applications. Today, hybrid cars are now able to park themselves, brake when they sense danger, stay in a lane, free themselves from a tight parking area, and provide a 360-degree view of its surrounding.

Meeting the demand for enhanced product capabilities while also maximizing cost-efficiencies and reducing complexity is driving many in the automotive industry to explore the option to develop custom ASIC solutions. With these developments, sensor ASIC is expected to be in demand in the automotive industry. And with the combination of these smart sensors, GPS, and radar, it is not possible that drivers in the future will just have to hit the start button, steer it, and switch it off once at their destinations.

Additionally, the rise of electric vehicles (EVs) across the globe has also played a role in driving up production numbers. China and Europe are the largest manufacturers of electric vehicles in the world. According to the International Council on Clean Transportation, Europe embraces the technology, producing 25% of the world’s EVs from 2010 to 2020. Some of the leading countries for EV production in Europe are Germany, UK, and Italy among others. For instance, according to the German Association of the Automotive Industry, in the year 2022, 585,000 full-electric cars and 299,600 plug-in hybrid cars were built in Germany.

So, why are more cars being made? Well, you've got places like China and India where everyone wants one, plus factories are just getting better at making them, and getting parts to the right place is way smoother these days. However, let's not forget the big ol' pandemic! It's messed up getting parts to factories around the world, which has slowed things down a bit in some areas. But even with that bump in the road, the expectation is that we'll keep seeing more and more cars rolling off the assembly lines because people still want their own wheels. This, in turn, is likely to drive the growth of the Automotive ASIC Market during the forecast period.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Automotive ASIC Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Automotive ASIC Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Automotive ASIC Market Segmentation Analysis

The Global Automotive ASIC Market is Segmented on the basis of Type, Application, and Geography.

Automotive ASIC Market, By Type

• Standard Cell Based ASIC
• Gate Array Based ASIC

Based on Type, the market is segmented into Standard Cell Based ASIC and Gate Array Based ASIC. Gate Array Based ASICs are of three typesChanneled Gate Array, Channel gate array, and structured gate array.

Automotive ASIC Market, By Application

• Passenger Cars
• Commercial Vehicles

Based on Application, the market is segmented Passenger Cars and Commercial Vehicles. The passenger car segment is likely to dominate the market in this segment as the number of cars in developing economies is increasing due to an increase in per capita income.

Automotive ASIC Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Automotive ASIC Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific region is likely to have a significant growth rate and is expected to continue its dominance during the forecasted period.

Key Players

The “Global Automotive ASIC Market” study report will provide valuable insight with an emphasis on the global market including some of the major players Renesas, EnSilica, Custom Silicon Solutions, Inc., Infineon, Swindon Silicon Systems, MegaChips, Seiko Epson.

Our market analysis also entails a section solely among others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

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Reasons to Purchase this Report

We'll take a close look at the market, breaking it down into different groups based on things like money and even less obvious factors. You'll get the market value in USD Billion for each of these groups. We'll also point out which area and group is likely to grow the fastest and be the biggest. Plus, we'll analyze each region to see how much of the product or service they use and what's influencing the market there. Expect a rundown of the competition, including the top players' rankings, new service/product launches, partnerships, expansions, and acquisitions from the last five years. We'll provide detailed company profiles too, with overviews, insights, product comparisons, and SWOT analyses for the major players. Get a picture of the industry's current and future, considering recent happenings, growth opportunities, and the challenges and limitations in both new and established areas. We'll also give you a deep dive into the market from different angles using Porter's five forces analysis, insight into the market through the Value Chain, and a look at the market's dynamics and growth potential. And to top it off, we provide 6 months of analyst support after you buy.

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