Key Findings
The North America automotive integrated circuits (ICs) market is estimated to expand at a CAGR of 10.67% growth rate by the end of 2027. The forecasting period lies in between 2019-2027, and the base year is considered to be 2018 for the market analysis. As more and more companies are developing and enhancing their technological capabilities for making the automotive ICs more reliable at affordable prices, the implementation of ICs has also been advancing rapidly.

Market Insights
The US and Canada played a critical role in the recovery of the North American economy. These two nations are mainly considered for market analysis. The growth of the Automotive ICs Market in North America is dependent on the regional political and economic scenario. The market is mainly driven by the rapid electrification of vehicles, growing demand of advanced sensors in vehicles, increased usage of electronic control units (ECU’s) in vehicles, and the rising adoption of electric vehicles. The high aspect ratio, low cost, and reliability strengthen the automotive IC market.

Competitive Insights
The major market players for automotive integrated circuits are Robert Bosch GmbH, NXP Semiconductors N.V., Rohm Semiconductor, Qualcomm, Inc., Renesas Electronics Corporation, STMicroelectronics N.V., Analog Devices, Inc., Allegro Microsystems, LLC, Texas Instruments Incorporated, Microchip Technology, Sensata Technologies Holding N.V., On Semiconductor Corporation, Toshiba Corporation, Melexis N.V., and Infineon Technologies AG.