Market Trends of Global Application Specific Automotive Analog IC Industry
This section covers the major market trends shaping the Application Specific Automotive Analog IC Market according to our research experts:
IoT- And Sensor-Based Features in Automobiles Driving the Market
- The global automotive market is witnessing the introduction of new-age features in automobiles. The development of cloud infrastructure and connected-car technologies has seen a rise in recent times, finding new ways to enhance automobile customer experience and safety. Such features require an interface between the real world and digital processing. Analog circuits on IC chips facilitate the same and are getting involved in automotive manufacturing on a broader scale.
- Cars these days comprise autonomous and semi-autonomous features. The self-driving vehicles manufactured by carmakers like Tesla are gaining popularity. The functionality is achieved by leveraging more than one sensor technology for capturing the environment that drives the powertrain and steers the vehicle accordingly. The new software optimization requires hardware optimization that pushes the technological advancements in automotive analog ICs. IC manufacturers deploy new robust and precise architectures to ensure cutting-edge accuracy of inputs despite a harsh environment.
- Electronic aids like ABS, EBD, ESP, electronic brake-assist, hill-descend control, and hill-hold assist prove to be life-saving. These require faster response times for the system to engage the counteraction and direct the vehicles accordingly. This need for efficiency is also driving the advancements in analog ICs. Many companies are offering such features as standard or as optional add-ons. It is observed how such features report safeguarding both the passengers and the pedestrians on roads. Thus, governments are announcing such features to be mandatory in cars to ensure road safety and public well-being.
- The transition of internal combustion engines to electrification is going through mild hybrid systems alongside pure EV development. Both the systems demand power management, which deploys analog IC for managing the power efficiently. Also, the motor drivers for electric systems running on voltages like 48V create demand for motor drivers. The same might be the case with power regeneration and battery management systems deployed in electric vehicles playing vital roles in efficient charge management.
- Companies are developing new solutions by deploying analog ICs for solutions like telematics and connected car features. Companies offer remote-controlled features like geofencing, vehicular diagnostics, driving behavior observations for utilities like insurances, etc. New start-ups are coming up with plug-and-play solutions that enable smart functionality in vehicles by connecting them with the internet. Such features being deployed as after-market solutions or directly through OEMs create demand for sensor-based execution, providing IoT-based features to the users.
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Asia-Pacific to Show Fastest Growth, Driving the Market
- The Asia-Pacific region will register the maximum growth in the demand for analog IC in automotive applications. The region is undergoing development in terms of road safety and infrastructure development to enhance road safety. The majority of the automakers are introducing new vehicles equipped with sensor-based guidance systems for improving road and pedestrian safety in the region.
- The governments are updating the road safety norms, making certain electronic safety aids mandatory in passenger vehicles. For instance, the Indian government made ABS compulsory for two-wheelers and driver-side airbags mandatory in the country. Both the features utilize wheels sensor and pressure sensor, respectively, making room for respective analog ICs for improved response. Similarly, other countries are enforcing certain restrictions on carmakers to include
- The introduction of electric vehicles and fast adoption among major giants like China and India will invite applications like power managing analog ICs and motor driving ICs. The region is yet to welcome large chains of charging stations featuring fast chargers, incorporating power management solutions for efficient, fast, and safe power transfer. Similarly, converting ICs for power management will be demanded for installations in cars.
- The improvement and upscaling of 4G and 5G connectivity in various parts of Asia is driving the incorporation of connected car features in vehicles. This is also paving the way for autonomous transit options, encouraging the use of sensor-based convenience and safety features in automobiles. The region will witness growth in telematics and remote vehicular surveillance technologies, incorporating more sensor-based monitoring for vehicular health, commercial, and general safety purposes.
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