Key Findings
The Europe automotive integrated circuits market is anticipated to escalate at 9.09% CAGR during the forecasting years of 2019-2027. The rising disposable income among the European population is greatly influencing the economy in many countries of the region. It is an upending element that is tipping up the market trend in the region.

Market Insights
The rapid electrification of vehicles, growing demand of advanced sensors in vehicles, the increased usage of electronic control units (ECU’s) in vehicles, and the rising adoption of electric vehicles are the main factors that are driving the market growth in the region.

The robust economic growth in Eastern and Western Europe is expected to stimulate the overall automotive integrated circuits market growth in this region. Moreover, consumer confidence will be more effective due to the steadying economy, which will further promote faster recovery of the automotive industry over the next few years. The German market is expected to escalate at a significant rate to capture a sizeable revenue by the end of 2027.

Competitive Insights
On Semiconductor Corporation, STmicroelectronics N.V., Allegro Microsystems, LLC, Sensata Technologies Holding N.V., Renesas Electronics Corporation, Analog Devices, Inc., Texas Instruments Incorporated, Qualcomm, Inc., Microchip Technology, Melexis N.V., Robert Bosch GmbH, Rohm Semiconductor, Toshiba Corporation, Infineon Technologies AG, and NXP Semiconductors N.V. are the major companies which are functioning in the market.