Automotive Semiconductor Market, by Component (Processor, Analog IC, Discrete Power, Sensor, and Memory), Vehicle Type (Passenger, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Electric and Hybrid), Application and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) The global Automotive Semiconductor market size is projected to reach USD 60 billion by 2026 at a CAGR of 6.8% from USD 44 billion in 2021 during the forecast period 2021-2028.
Semiconductor is a substance in which physical and chemical property exists between those of a metal and a nonmetal. The most common semiconductor material is germanium and silicon. When used in automobiles like cars these are termed as automotive semiconductor. These are used in cars as a catalyst, in electronic circuits, led. More is the technological advancement in the cars more is the usage of semiconductors in them.
With the recent surge in demand for advanced safety features and comfort system along with the surge in vehicular production and the trend of electrification of vehicles are some of the factors that have supported long-term expansion for Automotive Semiconductor Market.
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Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period.
Key Players
- NXP Semiconductors N.V
- Renesas Electronics Corp.
- Infineon Technologies AG
- STMicroelectronics N.V.
- Robert Bosch GmbH
- Texas Instruments, Inc.
- ON Semiconductor Corp.
- ROHM Co., Ltd.
- Toshiba Corp.
- Analog Devices Inc.
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Recent Developments
- NXP Semiconductors and TSMC announced the release of NXP’s S32G2 vehicle network processors and the S32R294 radar processor into volume production on TSMC’s advanced 16 nanometer (nm) FinFET process technology
- Renesas Electronics Corporation unveiled an innovative automotive gateway solution with R-Car S4 system on chips (SoCs) and power management ICs (PMICs) for next-generation vehicle computers, communication gateways, domain servers and application servers.
Reasons to Acquire
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
- Gain authentic and granular data access for Automotive Semiconductor market so as to understand the trends and the factors involved behind changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
The Automotive Semiconductor Market report answers a number of crucial questions, including:
Which companies dominate the Automotive Semiconductor Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
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Report Scope
Automotive Semiconductor Market is segmented into Component, vehicle type, fuel type, application and geography.
On the basis of Material Type
o Processor
o Analog IC
o Discrete Power Device
o Sensor
o Memory Device
o Lighting Device
On the basis of Vehicle Type
o Passenger Car
o Light Commercial Vehicle (LCV)
o Heavy Commercial Vehicle (HCV)
On the basis of Fuel Type
o Gasoline
o Diesel
o Electric/Hybrid Electric Vehicle (EV/HEV)
On the basis of Application
o Powertrain
o Safety
o Body Electronics
o Chassis
o Telematics and infotainment
On the basis of Region
o Asia Pacific
o North America
o Europe
o South America
o Middle East & Africa
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