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Global Automotive Semiconductor Market-Trends, Top Manufactures, Market Demands, Industry Growth Forecast: 2024

02-12-2019 01:00 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Infinium Global Research

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Automotive Semiconductor Market

Automotive Semiconductor Market

The automobile industry has witnessed several outstanding industry advancements over the past few years. Automotive semiconductors have played a pivotal role in automotive. Recent automobile systems are, more fuel efficient and technically more advanced than ever.  They are imported part of automotive security systems, antilock brakes, engine control units and infotainment. These features proved enormously popular among consumers, as it has enhanced their driving experience.

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Previously internal combustion engine was the main part of the car. However, with the advancement in automotive semiconductor, the electronic components have become an integral part of the car. With increasing automated and electrified vehicles, software and electronic system that runs on them is becoming more important.

Growing adoption of advanced driver assistance system in vehicles for safety & better driving experience and growing trends towards electric or hybrid cars creates the massive demand for semiconductors in the automotive sector.

Ongoing technological advancements in the automotive sectors are the dominant factor in the automotive semiconductor market. The use of safety systems in the automobile is trending. The various governments’ impulses on the integration of safety systems in the vehicles. The growing popularity of autonomous vehicles is anticipated to escalate the growth of the automotive semiconductor market.

With increased demand for Safety and quality, increase adoption of hybrid or electric vehicles to create more demand for the automotive semiconductor components in near future. In addition, features like remote vehicle diagnostics, automatic crash notification and emergency assistance are some of the strongest interest among consumers surveyed.

Global Automotive Semiconductor Market by Component Type is segmented as Sensors, Application Processors, Analog IC's, and Discreet Power Devices. Among these component, automotive sensors and Application Processors are holds significant market shares in the automotive semiconductor market. The numerous types of sensors are used in the vehicle for better passenger comfort and improve vehicle performance. The automotive sensors include several sensors such as temperature sensor, knock sensor, the acceleration sensor, air flow sensor, parking sensor, and others. Moreover, ongoing technological advancements in the technology of the sensors are expected to create several opportunities in the automotive semiconductor market.

Market Segmentation by Application

The report highlighted by applications of automotive semiconductors market into Power Train, Chassis, Infotainment, Networking, Safety & Control, Comfort & Control and Electronic System. In a motor vehicle, the powertrain is a component that generates power and delivers it to the road surface. The semiconductor used in the powertrain applications helps to improve fuel efficiency of vehicles. In addition, the popularity of integration of Infotainment and Safety & Control are in automobiles is rising rapidly that is likely to boost the growth of this market.

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Regional Analysis

Among the Geographies, Europe dominates the market of automotive semiconductor market followed by North America. Presence of major OEM manufacturers of automotive semiconductors products is the key factors that drive the growth of North America automotive semiconductor market. In addition, Asia Pacific is the fastest growing region in the global automotive semiconductor market. The factors such as the growing automotive industry, high demand for automotive, growing disposable incomes are contributing to the growth of Asia Pacific automotive semiconductor market.

Competitive Landscape

Key companies profiled in the global automotive semiconductor market include NXP Semiconductors N.V., Renesas Electronics Corp., Infineon Technologies AG, STMicroelectronics N.V., Robert Bosch GmbH, Texas Instruments, Inc. and ON Semiconductor Corp., ROHM Co Ltd, Analog Devices Inc., Delphi technologies and Panasonic Industrial Devices & Solutions and many among others.

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About Infinium Global Research

Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

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