Global Automotive Semiconductor Market - Will Safety Concerns Boost Sales ? | Arizton

The innovations in semiconductors and the software that controls these systems are leading to rapid technological advancements in the automotive electronics sector. The replacement of mechanical parts by electronics and the combination of mechanical actuator parts with electronics are known as mechatronics, will revolutionize the global automotive semiconductor market. The presence of leading players such as Toshiba Corporation, NXP Semiconductors, Texas Instruments, Robert Bosch, Renesas Electronics and STMicroelectronics will attribute to the revenues in the global market. The growing demand for collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies is contributing to the sales in the global automotive semiconductor market. The implementation of stringent safety and emission norms will encourage OEMs to focus on engine downsizing to reduce the weight of the engine in the market. The development of sensors and the growing adoption of ADAS technologies will positively impact the growth of the global market.

The global automotive semiconductor market is anticipated to reach revenues of approximately $52 billion by 2023, growing at a CAGR of around 7% during 2017-2023.

Read the sales forecast of global automotive semiconductor market : https://www.arizton.com/market-reports/automotive-semiconductor-market

The various type of application in the global automotive semiconductor market is discussed in detail below:

1. Body Electronics

The extensive use of computing & networking performance in vehicles is increasing the electronics complexity and safety concerns in the global market. The rapid technological advancement in body electronics is helping leading manufacturers to produce new generation vehicles safer and more comfortable for drivers, boosting sales in the global semiconductor market. OEMs are developing solutions that use efficient power management systems to minimize load on vehicle battery in the market. Some of the most important components of body electronics in the market are remote keyless entry, an electronic battery sensor, electronic immobilizer, central in-vehicle communication node, DC/DC converters for start/stop systems, and body computer module. The body electronics segment in the global automotive semiconductor market is projected to grow at a CAGR of around 4% during the forecast period.

2. Telematics

Telematics is the integration of communication and information technology that is used to transmit, store and receive information from telecommunications devices to remote objects over a network. The increasing use of GPS system with on-board diagnostics to monitor a vehicle and enable recording and mapping the position and speed of a vehicle is propelling the growth of the global automotive semiconductor market. The implementation of sensors and the in-built wireless network will help leading OEMs to monitor the condition of the vehicle and offer a pre-maintenance warning before failure of components in the market. The implementation of telematics will help drivers to make informed driving decisions by providing live weather, traffic and parking info on the dashboard.The telematics segment in the global automotive semiconductor market is estimated to grow at a CAGR of over 5% during 2017-2023.

3. Powertrain

Powertrain converts the engine power to move,and it includes the engine, transmission, the driveshaft, differentials, and axles. Electrification is driving the demand for powertrain in the global automotive semiconductor market. The rising number of electric vehicle users is expected to generate more demand for powertrain semiconductors in the market during the forecast period. Some of the powertrain components used in the global market are the motor inverter, DC/DC converter, battery management system, and a plug-in charger. The increasing adoption of dual-clutch transmissions (DCTs) and continuously variable transmissions (CVTs) will drive the demand in this segment during the forecast period. The growing need for fuel-efficient vehicle technologies will create lucrative opportunities for leading vendors in the global automotive semiconductor market.The powertrain segment in the global automotive semiconductor market is anticipated to grow at a CAGR of around7% during the forecast period.

4. Safety

The increasing number of fatalities in traffic accidents is triggering the adoption of safety systems in vehicles, resulting in the growing demand in the global automotive semiconductor market. The exponential use of passive systems such as driver assist systems to minimize the damage in case of unavoidable collisions will revolutionize the global market. For instance, a combination of radar and video camera in the windshield can sense that a collision is unavoidable and precondition the passive systems. Some of the safety technologies implemented in modern vehicles across the global market include tire-pressure monitoring, adaptive cruise control, blind-spot detection, and lane keep assist.The safety segment in the global automotive semiconductor market is anticipated to grow at a CAGR of more than13% during 2017-2023.

5. Chassis

A chassis is a physical frame of an automotive that supports steering and suspension knuckles, engine cradles and mounts, axle housings and covers, drive line components, and transmission mounts. The growing demand for vehicle components that are highly dependable and adhere to an ever-increasing number of ISO norms will transform the global automotive semiconductor market over the next few years. Some of the sensors used in a chassis are chassis acceleration sensor, chassis position sensor, inertial measurement unit, and chassis domain control system.The chassis segment in the global automotive semiconductor market is likely to grow at a CAGR of approximately 5% during the forecast period.

The list of leading vendors in the global automotive semiconductor market are:

NXP Semiconductors
Infineon Technologies
Renesas Electronics
Texas Instruments

Source: https://www.arizton.com/blog/global-automotive-semiconductor-market-sales/

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