Automotive Special Purpose Logic IC Market Overview:
As per MRFR analysis, the Automotive Special Purpose Logic IC Market Size was estimated at 3.2 (USD Billion) in 2022. The Automotive Special Purpose Logic IC Market Industry is expected to grow from 3.3 (USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Automotive Special Purpose Logic IC Market CAGR (growth rate) is expected to be around 3.2% during the forecast period (2024 - 2032).
Key Automotive Special Purpose Logic IC Market Trends Highlighted
The Automotive Special Purpose Logic IC market is witnessing a variety of changes attributable to the shifts in vehicle technology and the rising necessity for security and efficacy. A prime example of this growing demand would be the emergence of advanced logic integrated circuits such as a system on chip, which drives the evolution of autonomous driving systems that allow for the collection of sensor data and operation of the vehicle in a fully automated mode. Moreover, the rise of electric and hybrid cars brought the need for dedicated logic ICs used for power electronics and battery management circuitry. The market for logic ICs is increasingly being spurred by the need for complex automotive systems that incorporate artificial intelligence and machine learning with fast and efficient logic ICs for effective data processing and decision-making processes. The market has also witnessed movements towards the use of low-power logic types with less complexity since there is a need to lessen the weight of the vehicle in a bid to boost fuel consumption.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Special Purpose Logic IC Market Drivers
Increasing Demand for Advanced Driver Assistance Systems (ADAS)
Among the industries, the Automotive Special Purpose Logic IC Market Industry will be driven by the growth of ADAS. ADAS is a system of electronic devices that helps drivers avoid accidents and ensure driving safety. It uses sensors and cameras in the vehicle to determine and track any object in and around it. On the other hand, it processes the information to inform and warn the driver about a possible hazard or to take the necessary actions.The appearance of such a feature is not new, but this decade, it is reasonable to assume that it will become systemic, first in the latest models and then in most cars. ADAS will maintain features such as lane departure warning, automatic emergency braking, adaptive cruise control, and others. The need to process sensor data to make real-time decisions means that an ADAS will need a Special Purpose Logic IC. The growing demand for advanced driver assistance systems is due to increasing concerns of consumers towards safety and government regulations that mandate such systems in vehicles.Lane departure warning, automatic emergency braking and adaptive cruise control are the most common features of current ADAS, which drastically enhance the driving experience and provide a safer environment. This factor is likely to fuel the growth of the automotive Special Purpose Logic ICs market.
Growing Adoption of Electric Vehicles (EVs)
Another market trends is the growing adoption of EVs, which is another key driver of growth in the Automotive Special Purpose Logic IC Market Industry. Electric vehicles require specialized logic ICs for effective management of power electronics, battery management, and other functions. Hence, the increase in the adoption of EVs is expected to drive the demand for automotive Special Purpose Logic ICs.
Rising Demand for In-Vehicle Infotainment Systems
In-vehicle infotainment systems are becoming increasingly popular as consumers demand more entertainment and connectivity features in their vehicles. Automotive Special Purpose Logic ICs are used to power these systems, which include features such as navigation, audio, and video playback.
Automotive Special Purpose Logic IC Market Segment Insights:
Automotive Special Purpose Logic IC Market Application Insights
The Automotive Special Purpose Logic IC Market is segmented by application into automotive electronics, consumer electronics, industrial automation, medical electronics, and military and aerospace. The automotive electronics segment is expected to account for the largest share of the market in 2023, with a valuation of approximately USD 2.4 billion. This segment is expected to grow at a CAGR of 6.2% during the forecast period, reaching a valuation of USD 3.3 billion by 2032.The growth of this segment is attributed to the increasing adoption of advanced driver assistance systems and autonomous driving technologies in vehicles. The consumer electronics segment is expected to be the second-largest segment in the Automotive Special Purpose Logic IC Market, with a valuation of approximately USD 1.8 billion in 2023. This segment is expected to grow at a CAGR of 6.5% during the forecast period, reaching a valuation of USD 2.5 billion by 2032. The growth of this segment is attributed to the increasing demand for smart devices, such as smartphones, tablets, and laptops.The industrial automation segment is expected to be the third-largest segment in the Automotive Special Purpose Logic IC Market, with a valuation of approximately USD 1.2 billion in 2023.
This segment is expected to grow at a CAGR of 6.8% during the forecast period, reaching a valuation of USD 1.7 billion by 2032. The growth of this segment is attributed to the increasing adoption of automation in manufacturing and process control applications. The medical electronics segment is expected to be the fourth-largest segment in the Automotive Special Purpose Logic IC Market, with a valuation of approximately USD 0.9 billion in 2023.This segment is expected to grow at a CAGR of 7.2% during the forecast period, reaching a valuation of USD 1.3 billion by 2032. The growth of this segment is attributed to the increasing demand for medical devices, such as patient monitoring systems, imaging systems, and surgical robots. The military and aerospace segment is expected to be the smallest segment in the Automotive Special Purpose Logic IC Market, with a valuation of approximately USD 0.7 billion in 2023. This segment is expected to grow at a CAGR of 6.0% during the forecast period, reaching a valuation of USD 1.0 billion by 2032.The growth of this segment is attributed to the increasing demand for advanced electronic systems in military and aerospace applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Special Purpose Logic IC Market Logic Type Insights
The Automotive Special Purpose Logic IC Market is segmented by Logic Type into Field-Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs), and System-on-Chip (SoCs). The FPGAs segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. FPGAs offer flexibility and reconfigurability, making them suitable for various automotive applications. The ASICs segment is projected to witness significant growth due to its high performance and low power consumption. SoCs are gaining popularity as they integrate multiple functions onto a single chip, reducing cost and improving efficiency.The segmentation data and insights provide valuable information for businesses operating in the Automotive Special Purpose Logic IC Market, enabling them to make informed decisions and capitalize on growth opportunities.
Automotive Special Purpose Logic IC Market Function Insights
The Automotive Special Purpose Logic IC Market is segmented by function into Power Management, Signal Processing, Data Acquisition, Control Logic, and Safety and Security. Among these, the Power Management segment held the largest market share in 2023, accounting for approximately 35% of the Automotive Special Purpose Logic IC Market revenue. The growth of this segment can be attributed to the increasing demand for power-efficient solutions in automotive applications. The Signal Processing segment is projected to grow at the highest CAGR during the forecast period, owing to the rising adoption of advanced driver assistance systems (ADAS) and autonomous vehicles.The Data Acquisition segment is also expected to witness significant growth, driven by the increasing need for real-time data collection and analysis in automotive applications. The Control Logic segment plays a crucial role in controlling various automotive systems, including engine management, transmission control, and braking systems. The Safety and Security segment is gaining importance due to the growing concerns regarding automotive cybersecurity and the need for enhanced safety features in vehicles.
Automotive Special Purpose Logic IC Market Form Factor Insights
The Automotive Special Purpose Logic IC Market is segmented by Form Factor into Bare Die, Leaded Packages, Flip Chip, and Ball Grid Array (BGA). The Bare Die segment is expected to hold the largest market share in 2023, owing to its low cost and ease of assembly. However, the Flip Chip segment is projected to grow at the highest CAGR during the forecast period, due to its high performance and reliability. The Leaded Packages segment is expected to witness a steady growth rate, while the Ball Grid Array (BGA) segment is anticipated to grow at a moderate pace.The Automotive Special Purpose Logic IC Market is driven by the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. The growing adoption of electric vehicles is also expected to fuel the growth of the market. The market is expected to witness significant growth in the Asia-Pacific region, owing to the increasing production of automobiles in the region.
Automotive Special Purpose Logic IC Market Technology Node Insights
The Technology Node segment of the Automotive Special Purpose Logic IC Market is characterized by the size of the transistors used in the integrated circuits (ICs). Smaller transistors enable higher performance and lower power consumption, which is driving the demand for advanced technology nodes in automotive applications. The 28nm node is expected to account for the largest share of the Automotive Special Purpose Logic IC Market in 2023, with a revenue of USD 2.4 billion. The 20nm node is expected to follow closely, with a revenue of USD 2.2 billion.Advanced technology nodes, such as 16nm, 14nm, 10nm, 7nm, and 5nm, are expected to experience significant growth in the coming years, driven by the increasing demand for high-performance and low-power automotive electronics.
Automotive Special Purpose Logic IC Market Regional Insights
The Automotive Special Purpose Logic IC Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, owing to the presence of major automotive manufacturers and a high adoption rate of advanced technologies. Europe is expected to be the second-largest market, driven by the growing demand for electric vehicles and the adoption of autonomous driving technologies. APAC is expected to witness significant growth over the forecast period, owing to the increasing production of automobiles in the region.South America and MEA are expected to have a relatively smaller market share, but they are expected to grow at a steady pace due to the increasing adoption of automotive electronics.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Special Purpose Logic IC Market Key Players And Competitive Insights:
Major players in the automotive special purpose logic IC market are continuously focusing on offering compelling products to gain a strong position in the market. They are indulging in strategic collaborations, acquisitions, and partnerships to strengthen their product portfolio and cater to the growing needs of consumers. Several industry leaders are making strategic mergers and acquisitions to enhance their product offerings. In addition, key Automotive Special Purpose Logic IC Market players are focusing on developing innovative products with advanced features to cater to the growing demand for customized and efficient solutions. Moreover, companies are investing in research and development to gain a competitive advantage and stay updated with the latest technological advancements. The Automotive Special Purpose Logic IC Market is expected to witness significant growth opportunities in the future due to increasing demand from emerging economies and technological advancements.
Leading Automotive Special Purpose Logic IC Market players are likely to benefit from the growth opportunities and expand their market presence.Renesas Electronics is a leading provider of advanced semiconductor solutions, including automotive Special Purpose Logic ICs. The company offers a wide range of automotive ICs, including microcontrollers, microprocessors, power management ICs, and analog ICs. Renesas Electronics has a strong global presence and a long history of innovation in the automotive industry. The company is committed to providing high-quality, reliable, and cost-effective automotive IC solutions. Renesas Electronics is well-positioned to continue to be a leader in the Automotive Special Purpose Logic IC Market.Infineon Technologies is another leading provider of automotive Special Purpose Logic ICs. The company offers a comprehensive portfolio of automotive ICs, including microcontrollers, power management ICs, sensors, and communication ICs. Infineon Technologies has a strong focus on innovation and has been recognized for its commitment to quality and reliability. The company is well-positioned to continue to be a leader in the Automotive Special Purpose Logic IC Market.
Key Companies in the Automotive Special Purpose Logic IC Market Include:
- STMicroelectronics
- Analog Devices
- Texas Instruments
- Wolfspeed
- Qualcomm
- Broadcom
- Rohm Semiconductor
- ON Semiconductor
- Toshiba Electronic Devices Storage Corporation
- Infineon Technologies
- Cree, Inc.
- GaN Systems
- NXP Semiconductors
- Renesas Electronics
Automotive Special Purpose Logic IC Market Industry Developments
The Automotive Special Purpose Logic IC Market is projected to reach USD 9.5 billion by 2032, exhibiting a CAGR of 6.48% from 2024 to 2032. The market growth is attributed to the increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, which require specialized logic ICs for efficient operation. Key industry participants include NXP Semiconductors, Infineon Technologies, and Renesas Electronics. Recent developments include the launch of new products, such as NXP's S32K3 family of microcontrollers and Infineon's AURIX TC4x family of microcontrollers, specifically designed for automotive applications.
Automotive Special Purpose Logic IC Market Segmentation Insights
Automotive Special Purpose Logic IC Market Application Outlook
- Automotive Electronics
- Consumer Electronics
- Industrial Automation
- Medical Electronics
- Military and Aerospace
Automotive Special Purpose Logic IC Market Logic Type Outlook
- Field-Programmable Gate Arrays (FPGAs)
- Application-Specific Integrated Circuits (ASICs)
- System-on-Chip (SoCs)
Automotive Special Purpose Logic IC Market Function Outlook
- Power Management
- Signal Processing
- Data Acquisition
- Control Logic
- Safety and Security
Automotive Special Purpose Logic IC Market Form Factor Outlook
- Bare Die
- Leaded Packages
- Flip Chip
- Ball Grid Array (BGA)
Automotive Special Purpose Logic IC Market Technology Node Outlook
- 28nm
- 20nm
- 16nm
- 14nm
- 10nm
- 7nm
- 5nm
Automotive Special Purpose Logic IC Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.2 (USD Billion) |
| Market Size 2023 |
3.3 (USD Billion) |
| Market Size 2032 |
4.2 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.2% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
STMicroelectronics, Analog Devices, Texas Instruments, Wolfspeed, Qualcomm, Broadcom, Rohm Semiconductor, ON Semiconductor, Toshiba Electronic Devices Storage Corporation, Infineon Technologies, Cree, Inc., GaN Systems, NXP Semiconductors, Renesas Electronics |
| Segments Covered |
Application, Logic Type, Function, Form Factor, Technology Node, Regional |
| Key Market Opportunities |
Autonomous driving Connected cars Electric vehicles Smart cities Cybersecurity |
| Key Market Dynamics |
Autonomous Driving Electrification Smart Vehicles Connected Cars Infotainment |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Special Purpose Logic IC Market is expected to reach a valuation of USD 3.3 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2032, reaching an estimated value of USD 4.2 billion by 2032.
Asia-Pacific is anticipated to hold the largest market share and is projected to maintain its dominance throughout the forecast period. The growth in this region can be attributed to the increasing production of automobiles, particularly in China and India.
Automotive Special Purpose Logic IC finds applications in various segments of the automotive industry, including powertrain control, body electronics, safety systems, and infotainment systems.
Some of the prominent players in the Automotive Special Purpose Logic IC Market include Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, and STMicroelectronics N.V.
The growing demand for electric vehicles, the increasing adoption of advanced driver assistance systems (ADAS), and the integration of artificial intelligence (AI) in vehicles are some of the key trends driving the growth of the Automotive Special Purpose Logic IC Market.
The shortage of semiconductors, the rising cost of raw materials, and the geopolitical tensions are some of the challenges faced by the Automotive Special Purpose Logic IC Market.
The COVID-19 pandemic had a negative impact on the Automotive Special Purpose Logic IC Market in the short term due to disruptions in the automotive supply chain. However, the market is expected to recover in the long term as the automotive industry recovers.
The Automotive Special Purpose Logic IC Market is expected to witness significant growth in the coming years due to the increasing demand for automobiles, the adoption of advanced technologies, and the growing popularity of electric vehicles.
The growing adoption of electric vehicles, the increasing demand for safety features, and the integration of AI in vehicles present significant opportunities for growth in the Automotive Special Purpose Logic IC Market.
The key factors driving the growth of the Automotive Special Purpose Logic IC Market include the increasing demand for automobiles, the adoption of advanced technologies, and the growing popularity of electric vehicles.
