Automotive Semiconductor Market Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 20
The global automotive semiconductor market accounted to US$34.89 Bn in 2017 and is expected to grow at a CAGR of 8.3% during the forecast period 2018 u2013 2027, to account to US$76.93 Bn by 2027. The continuous innovations in the field of semiconductors for wide variety of applications in passenger cars, lightweight commercial vehicle (LCV), heavyweight commercial vehicle (HCV) is attracting several automakers globally, which is paving the path for automotive semiconductors market in the current scenario. Additionally, the automotive semiconductor market is experiencing rising number of partnerships between the automakers and semiconductor manufacturers under various projects to boost the automotive semiconductor products. The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, lightweight commercial vehicles, and heavyweight commercial vehicles. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving the automobile procurement. The constant pressure on automobile manufacturers to deliver a large number of vehicles to meet consumer demand is catalyzing the production statistics of vehicle manufacturing. Top Companies Mentioned: NVidia, Intel Corporation, NXP Semiconductors N.V., Infineon Technologies AG, Rohm Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, Robert Bosch Gmbh, ON Semiconductor Corporation, STMicroelectronics N.V.
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