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Automotive Semiconductor Market to Reach US$ 76.93 Billion by 2027

According to our latest market study on "Automotive Semiconductor Market Forecast to 2027 u2013 Global Analysis u2013 by Component, Application, Vehicle Type, and Geography," the market is expected to grow from US$ 34.89 billion in 2017 to reach US$ 76.93 billion by 2027; it is anticipated to grow at a CAGR of 8.3% from 2018 to 2027.

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Automotive Semiconductor Market to Reach US$ 76.93 Billion by 2027

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  1. AutomotiveSemiconductorMarkettoReachUS$76.93Billionby2027 Accordingtoourlatestmarketstudyon"Automotive Semiconductor MarketForecastto2027– GlobalAnalysis– byComponent,Application,VehicleType,andGeography,"themarketisexpectedtogrowfromUS$34.89billionin2017toreachUS$76.93billionby2027;itisanticipatedtogrowataCAGRof8.3%from2018to2027. Duetoanincreaseinthenumberofroadaccidentsglobally,thedemandforsafetyfeaturessuchasparkingassistance,collisionavoidancesystems,lanedeparturewarnings,tractioncontrol,electronicstabilitycontrol,tyrepressuremonitors,airbags,andtelematicsisontherise.Automotivesemiconductorsareakeycomponentofavarietyofadvanceddriverassistancesystems(ADAS)technologies,allowingADASsystemstoidentifyandclassifyitemsinthevehicle'spathandthenadvisethedriveraboutthesurroundingenvironmentandroadconditions.Moreover,basedoncalculationsdoneusingsemiconductorsandothercomponents,thesesystemscanautonomouslydecelerateorstopthecarbasedonroadconditions.Roadaccidentsareakeycauseofdeathworldwide,anddeathratesfromtrafficaccidentshaverisendramaticallyinrecentyears. SamplePDFshowcasesthecontentstructureandthenatureoftheinformationincludedinthereportwhichpresentsaqualitativeandquantitative https://www.theinsightpartners.com/sample/TIPEL00002655/ Advancedtechnology,suchasmatrixLEDlighting,upgradedLiDARsensors,andADASsystems,havebeenincreasinglyimplementedintomassproductionofcarsinrecentyears.Improvementshavealsobeenmadein3Dmappingapplications,electricvehiclebatteries,andaugmented-realitytechnologysuchashead-updisplays.Inaddition,5Gnetworkshaveenabledthesector'snextgenerationofmobilitysolutions.Advanceddriverassistancesystems(ADAS)salesareexpectedtogrowinthefutureduetorisingdemandforsafetyfeaturesthataredesignedtopreventcollisionsandaccidentsbyprovidingtechnologiesthatalertdriversaboutpotentialproblems(ortoavoidcollisionsbyimplementingsafeguardsandtakingcontrolofthevehicle).Costandfuelefficiencyarenolongerthemostsignificantvariablestoconsiderwhilepurchasingavehicle;instead,thevehicle'scomfortandluxuryaregivenpreference.Thiscouldbeattributabletothefactthatglobalautomobilemanufacturersareseeingstrongdemandforluxuryandsemi-luxuryautomobiles,forcingthemtoinstallmoreelectroniccomponents.Asaresult,AsiaPacificrepresentsapotentiallylucrativeautomotivesemiconductormarket TheincreaseddemandforelectricvehiclesispredictedtofueltherapidexpansionoftheautomotivesemiconductorsectorinAsiaPacific.Self-drivingcarshavegarneredalargenumberofbuyersincrucialautomotivemanufacturingcountries;therefore,automakersmustcontinuetoinnovate,produce,and improvethem.Factorsincludingtechnologicalimprovements,consumerreadinesstoembracefully

  2. automatedvehicles,pricing,andsuppliers'andOEMs'capacitytoaddressmajorconcernsaboutvehiclesafetyareprojectedtohaveasignificantimpactonthegrowthtrajectoryoffullyautonomousvehicles.automatedvehicles,pricing,andsuppliers'andOEMs'capacitytoaddressmajorconcernsaboutvehiclesafetyareprojectedtohaveasignificantimpactonthegrowthtrajectoryoffullyautonomousvehicles. Havea15-minute-longdiscussionwiththeleadanalystandauthorofthereportinatimeslotdecidedbyyou.Youwillbebriefedaboutthecontentsofthereportandqueriesregardingthescopeofthedocumentwillbeaddressedaswell- https://www.theinsightpartners.com/speak-to-analyst/TIPEL00002655/ AccordingtoareportissuedbytheWorldHealthOrganizationin2021,about1.3millionpeopledieeachyearintrafficaccidents.Furthermore,roadtrafficinjuriesthatresultindeatharemorecommonamongyouths.Thesereasonsarecausingasurgeindemandforvehiclesafetymeasures.Automobilecompaniesaredevelopinganddeployingsafetyfeaturestosuittheneedsoftheircustomers.HELLA(abusinessthatmakescutting-edgelightingandelectronicscomponents)revealedtheproductionscheduleforthelatest77GHzradartechnologyinFebruary2020.Theupcomingvehicleswillnowbemoredifferentiatedbyelectronicsandsoftware-definedfeatures,andtheoptimumintegrationofsoftwareandhardwareacrossthewholecar-to-cloudsystem. Theglobalautomotivesemiconductormarketissegmentedonthebasisofcomponent,vehicletype,application,andregion.Basedoncomponent,theglobalmarketissegmentedintooptical,sensors&actuators,memory,microcontrollers,analogics,andlogicanddiscretepowerdevices.Basedonvehicletype,theglobalautomotivesemiconductormarketissegmentedintopassengercar,lightcommercialvehicle,andheavycommercialvehicle.Basedonapplication,theglobalautomotivesemiconductormarkethasbeensegmentedintoadvanceddriverassistancesystems,bodyelectronics,infotainment,powertrain,andsafetysystems. Rapidadvancementsintheautomotivesector,risingdemandforsafetyfeaturesinautomobiles,andtheintroductionofinnovativetechnologiesforadvanceduserinterface(UI)arefactorsthatfuelthemarket'sglobalexpansion.However,operationalfailuresinextremeclimaticcircumstances,aswellasexpensivebeginningcostsandacomplexstructure,functionasabarriertothemarket'sglobalgrowth.Nevertheless,factorssuchasrisingdemandforelectricandhybridvehicles,andincreasedtechnologicalimprovementandinnovationinADASwouldprovidesufficientpotentialformarketexpansionduringtheprojectionperiod.Theautomotivesectorwouldcreateastrongdemandforsemiconductorcontentinvehiclesasmoreregulationsandgreaterefficiencyandfeaturesincreasetheneedforsophisticatedelectronics.Thedevelopmentofintelligentmobilitywillcreatenewtechnologiesandperformancechallengesforsemiconductormanufacturers.Theywillneedtoensurehighlevelsofreliabilityandprovideguaranteedlevelsofserviceforwirelessconnections. NVIDIACorporation,IntelCorporation,NXPSemiconductorsN.V.,InfineonTechnologiesAG,RohmSemiconductor,TexasInstrumentsInc.,RenesasElectronicsCorporation,RobertBoschGmbH,ONSemiconductorCorporation,andSTMicroelectronicsN.V.areamongthemajorcompaniesoperatingintheautomotivesemiconductormarket. Immediatedeliveryofouroff-the-shelfreportsandprebookingofupcomingstudies,throughflexibleandconvenientpaymentmethods https://www.theinsightpartners.com/buy/TIPEL00002655/

  3. AboutUs: TheInsightPartnersisaone-stopindustryresearchproviderofactionableintelligence.Wehelpourclientsingettingsolutionstotheirresearchrequirementsthroughoursyndicatedandconsultingresearchservices.WespecializeinindustriessuchasSemiconductorandElectronics,AerospaceandDefense,AutomotiveandTransportation,Healthcare,ManufacturingandConstruction,MediaandTechnology,Chemicals,andMaterials. ContactUs: Ifyouhaveanyqueriesaboutthisreportorifyouwouldlikefurtherinformation,pleasecontactus:ContactPerson:SameerJoshi E-mail:sales@theinsightpartners.com Phone: +1-646-491-9876 MoreTrendingReports: https://www.globenewswire.com/news-release/2021/07/29/2271639/0/en/Photoelectric-Sensor-Market-Growth-Sturdy-at-7-7-CAGR-to-Outstrip-2-577-56-Million-by-2028-COVID-19-Impact-and-Global-Analysis-by-TheInsightPartners-com.html

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