Size Does Not Matter when it comes to ‘Automotive Semiconductor Market’ - Great insight towards 2022

According to the new market research report on the "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 - Global Forecast to 2022"published by MarketsandMarkets™. The automotive semiconductor market is expected to grow from USD 34.68 billion in 2016 to USD 48.78 billion by 2022, at a compound annual growth rate (CAGR) of 5.8%. Rising trend of powertrain electrification with the introduction of EVs and HEVs is expected to drive the growth of the automotive semiconductor market during the forecast period.

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Ongoing electrification of the powertrain system generating more demand for discrete power devices

Discrete power devices is the fastest-growing segment of the automotive semiconductor market segmented on the basis of components. The reason behind this sharp growth in the market share of the discrete power devices is due to the ongoing electrification of the major applications of the automobile, such as powertrain, which is generating more demand for power components such as MOSFET and IGBT.

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Passenger cars segment occupies almost three-fourth of the overall automotive semiconductor market

Passenger cars accounted for the largest market share in 2016. This growth can be attributed to the huge demand for passenger cars across the globe, especially in Asia-Oceania. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others.

Automotive industries in Asia-Oceania are the major consumers of the semiconductor component

The Asia-Oceania region expected to account for the largest share in 2016 of the total automotive semiconductor market. The Asia-Oceania region has emerged as a major automotive hub with most of the market share in terms of vehicle production as well as sales. The primary reason for this trend is the growing Chinese automotive market. This market has evolved into the largest producer of vehicles and consequently the largest consumer of automotive semiconductor across the globe.

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NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (US), ON Semiconductor Corp. (US), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (US) are among the major players in the automotive semiconductor market.

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