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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. <br><br>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.<br><br>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.<br><br>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.<br>
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Automotive Semiconductor Market Automotive Semiconductor Market to 2027 - Global Analysis and Forecasts by Component (Optical, Sensors & Actuators, Memory, Microcontrollers, Analog ICs, Logic and Discrete Power Devices) E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market 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 – 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. E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market For instance, the global automotive production as per International Organization of Motor Vehicle Manufacturers accounted for 97.3 Mn in 2017 as compared to 95.1 Mn in 2016. The calculated year on year growth rate of automotive production was 2.36% from 2016 to 2017. With the increase in automobile manufacturing, the demand for advanced technologies integrated on to the vehicles is simultaneously increasing among the end users. This factor has created a potential market space for various types of semiconductors. Additionally, surging adoption of advanced automotive infotainment systems, robust powertrain, and safety systems also demands technologically enhanced semiconductors, which is impacting positively on the automotive semiconductor market. Thus, the rising automotive manufacturing is playing a major role in driving the automotive semiconductor market in the current scenario. A similar trend is also foreseen to drive the market in the coming years. The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the semiconductor market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with semiconductor manufacturers to meet the demands of their customers. E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market For instance, in January 2018, Audi AG partnered with ON Semiconductor, to foster On Semiconductor’s innovations and integrate their semiconductors on their newer models, thereby satisfying constantly changing expectations of the consumers in terms of safety, reliability, and performance. Similarly, On Semiconductor has been chosen by Mercedes EQ Formula E Team to develop next-gen electric power for enhancing efficiency and performance. Also, one of the automotive titan, BMW AG partnered with semiconductor giant Intel Corporation in 2017, with an objective to deliver its newly modeled semi to fully autonomous car BMW iNEXT. With the partnership, BMW integrates its new vehicle with Intel Corporation’s semiconductors which acts as the brain of the vehicle. The major catalyst for the growth of semiconductors in the automotive industry is attributed to the continuous partnerships between automotive manufacturers and semiconductor manufacturers. Get Research Sample here – https://www.theinsightpartners.com/sample/TIPEL00002655/ E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market The List of Companies 1. NVidia Corporation2. Intel Corporation3. NXP Semiconductors N.V.4. Infineon Technologies AG5. Rohm Semiconductor6. Texas Instruments Inc.7. Renesas Electronics Corporation8. Robert Bosch Gmbh9. ON Semiconductor Corporation10. STMicroelectronics N.V. Get Discount on this Report@ https://www.theinsightpartners.com/discount/TIPEL00002655/ E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market E-Mail : sales@theinsightpartners.com
Automotive Semiconductor Market Table of Contents 1. INTRODUCTION 171.1 SCOPE OF THE STUDY 171.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 172. KEY TAKEAWAYS 193. AUTOMOTIVE SEMICONDUCTOR MARKET LANDSCAPE 233.1 MARKET OVERVIEW 233.2 SUPPLY CHAIN ANALYSIS 243.2.1 Insights on Partnerships Between Electronics OEMs and Automotive Companies 243.2.2 Key Developments 253.3 MARKET SEGMENTATION 323.3.1 Global Automotive Semiconductor Market - By Component 333.3.2 Global Automotive Semiconductor Market - By Application 343.3.3 Global Automotive Semiconductor Market - By Vehicle Type 343.3.4 Global Automotive Semiconductor Market - By Geography 343.4 PEST ANALYSIS 363.4.1 North America - PEST Analysis 363.4.2 Europe - PEST Analysis 39 E-Mail : sales@theinsightpartners.com
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