Press release
Automotive Semiconductors for Driving Assist Market to Witness Mounting Growth in Approaching Time-NXP Semiconductors, Renesas Electronics, Infineon Technologies
Automotive Semiconductors for Driving Assist Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2027The Automotive Semiconductors for Driving Assist Market was valued at USD 518.54 Million in 2019 and is projected to reach USD 964.52 Million by 2027, growing at a CAGR of 8.7% from 2020 to 2027.
According to the new Automotive Semiconductors for Driving Assist market research report 2021-2027 is easy to understand the detailed analysis. The report published by Market Insights Reports represents the context of current and future trends driving global Automotive Semiconductors for Driving Assist market growth. The research report is thoroughly compiled to assist the clients in gaining insights (upcoming identifiers).
The report moreover comprises of the market drivers which provides a SWOT and PEST analysis of the Automotive Semiconductors for Driving Assist market. The Research presents a complete assessment of the Automotive Semiconductors for Driving Assist Market and contains a future trend, current growth factors, focused opinions, details, and industry certified market data.
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Key Market Trends
Rising Demand for Advanced Safety and Comfort Systems to Influence the Growth of the Market
Owing to the rising demand for safety features designed to avoid collisions and accidents by offering technologies that alert the driver to potential problems and to avoid collisions by implementing safeguards and taking over control of the vehicle, ADAS (Advanced Driver Assistance Systems) sales are expected to flourish in the future. Semiconductors find their application in ADAS to enhance its functionality.
Higher volumes of data are driving the adoption of 64-bit processors for automotive ADAS applications. The shift from a distributed architecture to a more centralized ECU is more prevalent. Since the ECUs are integrated, the ADAS SoCs (System on Chips) is becoming very complicated, requiring innovative semiconductor features and semiconductor process technologies.
Moreover, the growth in the automotive industry, coupled with the developing features in the luxury sector, has led to a rise in the number of sensors being integrated into automobiles to provide more advanced services to consumers. Thus now, the companies need to comply with the safety regulations even more as compared to earlier.
The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. Increasing demand from customers for automatic control of operations and information regarding a vehicle's status has led to increased emphasis on maintaining safety. Similarly, government support for the utilization of alternative fuels has led to an increase in the demand for the automotive semiconductor market in the forecasted period.
Continued strong growth in demand for driver assistance systems is ensuring that more semiconductors with more functions are finding their way into cars. Chips with built-in 'intelligence,' known as ASICs, are tailored to a particular application. For instance, they were signaling the airbags in a vehicle when they should deploy. These chips control handling to ensure a consistently safe journey. Bosch launched the SMA7xy MEMS sensor, which focuses on faster airbag deployment.
Market Research Analysis on Automotive Semiconductors for Driving Assist Market-
Top Companies in the Global Automotive Semiconductors for Driving Assist Market are - NXP Semiconductors, Renesas Electronics, Infineon Technologies, Stmicroelectronics, Texas Instruments, On Semiconductor, ROHM, Toshiba, Analog Devices,
Global Automotive Semiconductors for Driving Assist Market based on Types are-
Advanced Image Signal Processing IC
Lidar/Rader Signal Procesing IC
Based on Application, the Global Automotive Semiconductors for Driving Assist Market are divided into-
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Illustrative segmentation and forecast of the market based on offering, component, end user, and region have been conducted to give an overall view of the Automotive Semiconductors for Driving Assist market. A value chain analysis has been performed to provide; In-depth insights into the Automotive Semiconductors for Driving Assist market ecosystem.
Geographic Coverage On Automotive Semiconductors for Driving Assist Market-
Market Research, demand and consumption patterns in the global Automotive Semiconductors for Driving Assist market by breaking it into region-wise assessment. The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
South America
Middle East & Africa
Prime Takeaways On Automotive Semiconductors for Driving Assist Market:
Value chain analysis, which is combined with competitive landscape of key players of the Automotive Semiconductors for Driving Assist market.
Market size and forecast of the Automotive Semiconductors for Driving Assist market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements in Automotive Semiconductors for Driving Assist market:
Customer Experience Maps
Insights and Tools based on data-driven research on Automotive Semiconductors for Driving Assist
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey in Automotive Semiconductors for Driving Assist
Reasons for purchasing this Report-
Market Research relies on industry-wide databases for both regional and global authentic data, which enables the team to decipher the precise trends and existing scenario in the Automotive Semiconductors for Driving Assist
The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.
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