North America Automotive Semiconductor Market Growth Set to Surge Significantly during 2021 – 2027 |NXP Semiconductors N.V., Infineon Technologies AG, Rohm Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, Robert Bosch Gmbh, ON Sem

Automotive Semiconductor market in North America is expected to grow from US$ 7,140.9 Mn in 2017 to US$ 12,267.9 Mn by the year 2027. This represents a CAGR of 5.5% from the year 2018 to 2027.  

The Business Market Insights provides you regional research analysis on “North America Automotive Semiconductor Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Automotive Semiconductor market during the forecast period, i.e., 2020–2027.

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Companies Mentioned

NVidia Corporation
Intel Corporation
NXP Semiconductors N.V.
Infineon Technologies AG
Rohm Semiconductor
Texas Instruments Inc.
Renesas Electronics Corporation
Robert Bosch Gmbh
ON Semiconductor Corporation
STMicroelectronics N.V.

Substantial Growth in Automotive Manufacturing is fueling the automotive semiconductor market. The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, lightweight commercial vehicles, and heavyweight commercial vehicles. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving the automobile procurement. For instance, the global automotive production as per International Organization of Motor Vehicle Manufacturers accounted for 97.3 Mn in 2017 as compared to 95.1 Mn in 2016. The calculated year on year growth rate of automotive production was 2.36% from 2016 to 2017. With the increase in automobile manufacturing, the demand for advanced technologies integrated on to the vehicles is simultaneously increasing among the end users. This factor has created a potential market space for automotive semiconductor market.

By Components

Optical Devices
Sensors & Actuators
LED
Image Sensor
Position Sensor
Temperature Sensor
Pressure Sensor
Others
Memory
DRAM
Flash
Microcontrollers
Analog ICs
Logic and Discrete Power Devices

By Application

Advanced Driver Assistance Systems
Body Electronics
Infotainment
Powertrain
Safety Systems

By Application

Passenger Cars
Lightweight Commercial Vehicle
Heavyweight Commercial Vehicle

By Country

U.S.
Canada
Mexico

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key player in the North America Automotive Semiconductor market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Automotive Semiconductor market segments and regions.

Order a Copy of this North America Automotive Semiconductor market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00003754

The research on the North America Automotive Semiconductor market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Automotive Semiconductor market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Automotive Semiconductor market.

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