The future of the global automotive semiconductor market looks promising with opportunities in the passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to reach an estimated $72.8 billion by 2028 and it is forecast to grow at a CAGR of 12.6% from 2022 to 2028. The major drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Automotive Semiconductor Market by Component Type (Value $ Million from 2017 to 2028):
Answer: The global automotive semiconductor market is expected to reach an estimated $72.8 billion by 2028.
Q.2. What is the growth forecast for automotive semiconductor market?
Answer: The automotive semiconductor market is expected to grow at a CAGR of 12.6% from 2023 to 2028.
Q.3. What are the major drivers influencing the growth of the automotive semiconductor market?
Answer: The major drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Q.4. What are the major component or end use industries for automotive semiconductor?
Answer: Integrated circuit is the major segment by component for automotive semiconductor.
Q.5. What are the emerging trends in automotive semiconductor market?
Answer: 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.
Q.6. Who are the key automotive semiconductor companies?
Answer: Some of the key automotive semiconductor companies are as follows:
Answer: The analyst forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
Q.8. : In automotive semiconductor market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Q.9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last five years?
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Emerging Trends in the Automotive Semiconductor Market
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.Automotive Semiconductor Market by Segments
The analysts forecast that integrated circuits will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive semiconductor market by component type, vehicle type, application type, engine type, and region, as follows:Automotive Semiconductor Market by Component Type (Value $ Million from 2017 to 2028):
- Microcontrollers
- Integrated Circuits
- Sensors
- Discrete Power
- Others
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUVs & Crossovers
- Pickups
- HCVs
- Electric Vehicles
- Others
- Powertrain
- Chassis
- Safety
- Networking/Communication
- Body Electronics
- Driver Information Systems
- ICE Vehicles
- Electric Vehicles
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Russia
- France
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Indonesia
- South Korea
- The Rest of the World
- Brazil
- Argentina
List of Automotive Semiconductor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive semiconductor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive semiconductor companies profiled in this report includes.- NXP Semiconductor
- Renesas Electronics
- ST Microelectronics
- Infineon Technologies
- Texas Instruments
- Robert Bosch
- On Semiconductor
- Micron Technology
- TOSHIBA
- Panasonic Semiconductor
Automotive Semiconductor Market Insights
- The analysts forecast that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
- Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Features of the Global Automotive Semiconductor Market
- Market Size Estimates: Global automotive semiconductor market size estimation in terms of value ($M).
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments.
- Segmentation Analysis: Global automotive semiconductor market size by various segments, such as by component type, vehicle type, application type, engine type in terms of value.
- Regional Analysis: Global automotive semiconductor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different segments by component type, vehicle type, application type, engine type and regions for the global automotive semiconductor market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive semiconductor market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q.1. What is the automotive semiconductor market size?Answer: The global automotive semiconductor market is expected to reach an estimated $72.8 billion by 2028.
Q.2. What is the growth forecast for automotive semiconductor market?
Answer: The automotive semiconductor market is expected to grow at a CAGR of 12.6% from 2023 to 2028.
Q.3. What are the major drivers influencing the growth of the automotive semiconductor market?
Answer: The major drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Q.4. What are the major component or end use industries for automotive semiconductor?
Answer: Integrated circuit is the major segment by component for automotive semiconductor.
Q.5. What are the emerging trends in automotive semiconductor market?
Answer: 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.
Q.6. Who are the key automotive semiconductor companies?
Answer: Some of the key automotive semiconductor companies are as follows:
- NXP Semiconductor
- Renesas Electronics
- ST Microelectronics
- Infineon Technologies
- Texas Instruments
- Robert Bosch
- On Semiconductor
- Micron Technology
- TOSHIBA
- Panasonic Semiconductor
Answer: The analyst forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
Q.8. : In automotive semiconductor market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Q.9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising growth opportunities for the global automotive semiconductor market by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-Size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application type (powertrain, chassis, safety, networking/communication, body electronics, and driver information systems), engine type (ICE vehicles and electric vehicles) and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last five years?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Automotive Semiconductor Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
3.6: Global Automotive Semiconductor Market by Engine Type
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities And Strategic Analysis
7. Company Profiles 0f Leading Players
Companies Mentioned
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Renesas Electronics Corporations
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- Robert Bosch GmbH
- ON Semiconductor
- Micron Technology
- TOSHIBA
- Panasonic Semiconductor Solutions Co. Ltd.
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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