Automotive Semiconductor Market was worth US$ 53.52 Bn in 2021 and total revenue is expected to grow at a rate of 11.2 % CAGR from 2022 to 2029, reaching almost US$ 125.12 Bn in 2029.
The report covers the Automotive Semiconductor market's most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Automotive Semiconductor Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the Automotive Semiconductor Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Automotive Semiconductor market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Automotive Semiconductor market research report.
In the automotive sector, there are not enough chips. Extended lead times for small silicon chips have hampered the production of everything from smartphones to home appliances to driver-assistance systems, leading to the global semiconductor crisis that started in the first quarter of 2021. Major automakers, including one in the US, have already announced significant production reductions, which have significantly reduced projected revenue for 2021 by billions of dollars. Low automotive inventory, which will lead to new car growth next year, and stimulus packages intended to help the struggling auto industry while favouring the switch to electric and hybrid vehicles, which are typically more expensive than equivalent internal combustion-powered vehicles, are the two main factors driving the market.
The market is further divided into three segments based on the type of vehicle: heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), and passenger cars (HCV). During the forecast period, passenger cars are anticipated to hold the largest market share. This expansion is a result of the high global demand for passenger cars, particularly in Asia and Oceania. Countries like China, India, Thailand, Indonesia, and Malaysia have seen increased demand for passenger cars due to growing middle-class populations and higher disposable income. The LCV class, which is anticipated to grow at the highest CAGR between 2016 and 2022, will experience the most notable growth.
The market is further divided into Processor, Analog IC, Discrete Power Device, Sensor, Memory Device, and Lighting Device based on Component. Discrete power devices and memory devices are the two automotive semiconductor market segments that are expanding at the fastest rates. The growing electrification of important automotive applications, like the powertrain, is what's causing the market share for discrete power devices to grow so quickly. This increased electrification is also increasing demand for power components like MOSFETs and IGBTs. However, the demand for improved safety and cutting-edge features in cars is driving the need for more memory devices per car to programme the various control systems into an autonomous one.
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• Renesas Electronics Corp. (Japan)
• Infineon Technologies AG (Germany)
• STMicroelectronics N.V. (Switzerland)
• Robert Bosch GmbH (Germany)
• Texas Instruments, Inc. (U.S.)
• ON Semiconductor Corp. (U.S.)
• ROHM Co., Ltd. (Japan)
• Toshiba Corp. (Japan)
• Analog Devices Inc. (U.S.)
• NVidia Corporation
• Intel Corporation
• Microchip Technology Inc.
• Wafer Space
• Lattice Semiconductor
• GEO Semiconductor, Inc.
• indie Semiconductor
Automotive Semiconductor Region dominated the Automotive Semiconductor Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Automotive Semiconductor Market growth in the region. The Automotive Semiconductor market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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Key Questions answered in the Automotive Semiconductor Market Report are:
- What is Automotive Semiconductor Market?
- What is the forecast period of the Automotive Semiconductor Market?
- What is the competitive scenario of the Automotive Semiconductor market?
- Which region held the largest market share in the Automotive Semiconductor Market?
- What are the opportunities for the Automotive Semiconductor Market?
- What factors are affecting the Automotive Semiconductor market growth?
- Who are the key players of the Automotive Semiconductor market?
- Which company held the largest share in the Automotive Semiconductor market?
- What will be the CAGR of the Automotive Semiconductor market during the forecast period?
- What key trends are likely to emerge in the Automotive Semiconductor market in the coming years?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Automotive Semiconductor
- Landscape- Leading key players and other prominent key players.
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