Automotive Integrated Circuit (ICs) Market – Global Industry Analysis and Forecast (2023-2029)

Automotive Integrated Circuit (ICs) Market size is expected to reach nearly US$ 131.9 Bn by 2029 with the CAGR of 9.81% during the forecast period.
An increase in demand for electronics in vehicles lowers down the price of ICs, which further boosts the market growth. In addition, the emergence of IoT in the automotive industry assists to supplement the growth of the market.