Tuesday 4 October 2022

Automotive Semiconductor Market will Gain Momentum by 2022

 

Attractive Opportunity:

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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Key Findings of the Global Digital Pathology Market:

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%.
    To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues)
    To strategically profile key players of the market and comprehensively analyze their market shares and core competencies2
    To analyze various developments such as expansions, partnerships, mergers & acquisitions, and new product developments, along with research & development in the market

What are the Driving Factors of the Automotive Semiconductor Market ?

The research methodology used to estimate and forecast the automotive semiconductor market begins with capturing data on key vendor revenue through secondary sources such as Semiconductor Industry Association, Global Semiconductor Alliance, and International Organization of Motor Vehicle Manufacturers, among others. The vendor offerings are also taken into consideration to determine the market segmentation. A combination of top-down and bottom-up procedures has been employed to arrive at the overall size of the market from the revenues of key players in the market.

Ongoing electrification of the powertrain system generating more demand for discrete power devices Boost Drive The Market Growth

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.

Global Increasing demand for 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 the majority 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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Automotive Semiconductor Market Top Companies Profiles:

The ecosystem of automotive semiconductor market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end users, and post sales service. The major automotive semiconductor manufacturers include Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), and more...

NXP Semiconductors N.V (Netherlands) among others. The system integrators include Texas Instruments, Inc. (US), Denso Corp. (Japan), Delphi Automotive PLC (UK), and Standard Motor Products, Inc. (US), among others. The end users of the market include Honda Motor Co., Ltd (Japan), General Motors (US), and Ford Motor Co. (US), among others.

Regional Insight by MarketsandmarketsTM Research:

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 the majority 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.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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