Automotive Semiconductor Market by Component - 2022 | MarketsandMarkets

1. MarketsandMarkets Presents Automotive Semiconductor Market worth 48.78 Billion USD by 2022 The most significant factor driving the market is the increasing vehicle production which, in turn, is leading to rising demand for automotive semiconductors. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the semiconductor content in the automobiles.

2. 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. Sample pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=195 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.

3. Factors such as rising cost of vehicles, maintaining balance between cost and quality of the product, and continuous optimization of component size are continuously creating challenges for the automotive semiconductor market. Due to continuous decline of the oil prices, the demand for gasoline and diesel vehicles is expected to boost in the near future. However, the growth of the alternative powertrain vehicles can be hampered due to this trend. Report Information : http://www.marketsandmarkets.com/Market-Reports/automotive-semiconductor-195.html The Asia-Oceania region accounted for the largest share of the total automotive semiconductor market in 2015. The region has emerged as a major automotive hub with majority of the market share in terms of vehicle production as well as sales. The primary reason behind 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. Depreciated oil prices, strict government regulations, rapid technological advancement, and consumption of mainly premium cars are the factors making North America as the fastest-growing region of the automotive semiconductor market, at an estimated CAGR of 6.5% between 2016 and 2022.

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