Automotive Semiconductor Market Growth Opportunities, Top Key Players, Industry Outlook and Forecasts 2027

The global automotive semiconductor market accounted to US$34.89 Bn in 2017 and is expected to grow at a CAGR of 8.3% during the forecast period 2018 – 2027, to account to US$76.93 Bn by 2027.

Pertaining to the fact of increase in vehicular accidents, the manufacturers of automotive along with their technology partners, has introduced several technologies, which has benefited the industry at a large scale. The demand for modernization of vehicles equipped with advanced technologies have led the technology companies to innovate and design systems/technologies including advanced driver assistance systems, anti- lock braking systems, traction control and adaptive cruise control, and electronic stability control. With an uninterrupted up gradation in existing technologies and introduction of new technologies, the ADAS market has experienced a high growth across the globe. The newer versions of ADAS provided by various companies are capable of recognizing police vehicles, ambulance, taxis, speed restrictions board, and pedestrians. The discerning capability is attracting an increased number of automotive OEMs in the recent scenario, and the adoption of the same is rising substantially.

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Some of the key players operating in the automotive semiconductor market includes ROHM Co., Ltd., NVIDIA Corporation, STMicroelectronics N.V., Texas Instruments Inc., Infineon Technologies AG, Robert Bosch GmbH, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors N.V., and On semiconductor among others.

 The global automotive semiconductor market is segmented on the basis of vehicle type which is fragmented into passenger cars, light commercial, and heavy commercial vehicles. The passenger car is leading the market for automotive semiconductor followed by light commercial vehicle and heavy commercial vehicle. In a current scenario, passenger cars is having a high market share owing with a fact of increase in usage among the individuals and other masses driven by continuous increase in disposable income among the populations in developed countries as well as developing countries. In addition to this, an increase in the number of contractual alliances, agreements, or partnerships among the makers of passenger cars and semiconductor manufacturers with a purpose to combine unique semiconductor technologies, is positively impacting on the continuous growth of automotive semiconductor market in a current scenario.

The report is a combination of qualitative and quantitative analysis of the Automotive Semiconductor industry. It provides market estimation and forecasting of the Automotive Semiconductor market for the period of 2018 to 2027, considering 2018 as the base year and 2019-2027 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SCAM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Semiconductor Market

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- The key findings and recommendations highlight crucial progressive industry trends in the Automotive Semiconductor Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Posted by on Tuesday October 22 2019, 4:08 AM EST. All trademarks acknowledged. Filed under Automotive, Semiconductors. Comments and Trackbacks closed. Follow responses: RSS 2.0

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