The global automotive semiconductor market is expected to reach an estimated $45.9 billion by 2022 and it is forecast to grow at a CAGR of 6.4% from 2017 to 2022.
According to a new market report published by Lucintel, the future of the global automotive semiconductor market looks good with opportunities in the passenger car and commercial vehicle segments.
The major drivers of growth for this market are increasing vehicle production, increasing semiconductor content per vehicle, growing demand for advanced vehicle safety and comfort systems, and growing government regulations regarding CO2 emissions.
In this market, microcontrollers, integrated circuits, sensors, and discrete power are some of the major segments of automotive semiconductors.
Within the global automotive semiconductor market, the integrated circuits segment is expected to remain the largest market. The integrated circuit is an essential component of electronic control units.
The ICs interact with one another in the system and ensure movement, information, and safety, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investment by the industry players within the APAC region.
Asia Pacific and the Rest of the World are expected to witness significant growth over the forecast period because of rapidly increasing demand for semiconductors in small, compact, and mid-size cars.
For business expansion, this report suggests innovation and new product development, to produce power semiconductors which increase passenger safety, comfort, and convenience. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of high efficiency power semiconductors and development of smaller single–chips for radar sensors. NXP semiconductor N.V, Infineon Technologies AG, Renesas Electronics Corporations, ST Microelectronics, and Texas Instruments Incorporated are the major semiconductor manufacturers in the global automotive semiconductor market.
Several of these companies are seeking mergers and acquisitions as strategic initiatives to drive growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive semiconductor market by component type, vehicle type, application type, fuel type and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Semiconductor Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive semiconductor market by component type, vehicle type, application type, fuel type and region, as follows:
By component type ($ Million from 2011 to 2022)
- Integrated Circuits
- Discrete Power
By vehicle type ($ Million from 2011 to 2022)
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUV& Crossover
- Sports/Unclassified Vehicles
By application type ($ Million from 2011 to 2022)
- Body Electronics
- Driver Information Systems
By Fuel type ($ Million from 2011 to 2022)
By region ($ million from 2011 to 2022)
- North America
- Asia Pacific
- Rest of the World
This 249-page research report will enable you to make confident business decisions in this globally competitive marketplace.
For more information:Make an Inquiry about this report HERE!