Automotive Semiconductor Market is projected to grow at a moderate CAGR during the forecast period from 2021 to 2027. The major factor driving the growth of the market is the increasing production of vehicles which in turn leads to rising demand for automotive semiconductors. The growing demand for electric vehicles along with the increasing need for comfort systems, advanced safety, and convenience are other factors contributing to the growth of the market during the forecast period. Additionally, the increasing competition among the vehicle manufactures to provide with better comfort and safety services lead to a higher use of semiconductor material in automobiles leading to a rise in demand for semiconductors. This also provide with lucrative opportunities for the market during the forecast period.
Rising income levels and growing middle-class population in several countries is expected to drive the growth of the market in Asia-Pacific region. In addition, there is a huge demand for vehicles in the developing countries of Asia-Pacific region. The key players in the automotive semiconductor market includes Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), and NXP Semiconductors N.V (Netherlands), Texas Instruments, Inc. (US), Denso Corp. (Japan), Delphi Automotive PLC (UK), and Standard Motor Products, Inc. (US), among others.
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A full report of Global Automotive Semiconductor Market is available at: https://www.orionmarketreports.com/automotive-simulation-market/52090/
The following Segmentation are covered in this report:
By Component
- Processor
- Analog IC
- Discrete Power Device
- Sensor
- Memory Device
- Lighting Device
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Application
- Powertrain
- Safety
- Body Electronics
- Chassis
- Telematics and infotainment
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Semiconductor Market.
- The market share of the global Automotive Semiconductor Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Semiconductor Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Semiconductor Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
