Automotive Semiconductor Market Growing Technology Trends and Business Opportunities by 2026-NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation

Automotive Semiconductor Market Size, Status And Forecast 2021-2026

The global automotive semiconductor market was valued at USD 48.13 billion in 2020 and is expected to reach a value of USD 129.17 billion by 2026 and grow at a CAGR of 17.94% over the forecast period (2021-2026).

Automotive Semiconductor market research report adoption is becoming very essential for the businesses as it supports with the better decision making and revenue generation. The Automotive Semiconductor market prioritizing goals and profitable market business. Today’s businesses call for the highly focused and detail-oriented information about the Automotive Semiconductor Market so that they get a clear idea about the market landscape and gives businesses clear idea of what is already available, what the Automotive Semiconductor market expects, and what can be done to outshine the market competitors.

Key Companies: NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V., Toshiba Corporation, Texas Instrument Inc, Robert Bosch GmbH, Micron Technology, ON Semiconductor Corporation, Analog Devices Inc., ROHM Co. Ltd and among other domestic and global players. 

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“COVID-19 can affect the global economy in three main ways: by directly affecting Automotive Semiconductor production and demand, by creating supply chain and market disruption, and by its financial impact on Automotive Semiconductor firms and financial markets.”

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A brief introduction to the Automotive Semiconductor market research report.
Top players in the Automotive Semiconductor market with their revenue analysis.
Selected illustrations of Automotive Semiconductor market insights and trends.
Example pages from the Automotive Semiconductor market report.

Key Market Trends On Automotive Semiconductor -

Rising Demand for Advanced Safety and Comfort Systems to Influence the Growth of the Market

- Owing to rising demand for safety features designed to avoid collisions and accidents by offered 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, thereby requiring the 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 the automobiles to provide more advanced services to the consumers and thus now the companies need to comply with the safety regulations even more as compared to earlier.

Competitive Landscape On Automotive Semiconductor-

In April 2020, NXP Semiconductors announced the availability of a comprehensive Wi-Fi 6 (802.11ax) portfolio, which significantly expands the number of products and markets able to adopt the latest Wi-Fi standards. NXPs expanded Wi-Fi 6 portfolio represents the companys new end-to-end vision and differentiated technology approach that is designed to help usher in an era of connectivity innovation for automotive, access, mobile and Industrial and IoT markets.

- In March 2020, STMicroelectronics launched its first STM32L5 microcontroller with ultra-low power consumption and data security for IoT. The STM32L5 series MCU has a clock frequency of up to 110MHz and is based on the Arm Cortex-M33 32-bit RISC processor core with built-in Arm Trust Zone hardware security technology.

Automotive Semiconductor Market Scenario:

Automotive Semiconductor market is expected to gain market growth in the forecast period of 2021 to 2026. According to MarketInsightsReports Research’ The global automotive semiconductor market was valued at USD 48.13 billion in 2020 and is expected to reach a value of USD 129.17 billion by 2026 and grow at a CAGR of 17.94% over the forecast period (2021-2026). The Asia-Pacific region has approximately 66.40% of the major share in 2019.Growing demand of the Automotive Semiconductor for industrial applications, industry will accelerate huge market growth especially in Automotive Semiconductor industry in terms of (Revenue USD), Market Drivers, and Market Restraints. Market report research and development activities, product launches in the Market helps to identify opportunities in market place.

Regional Analysis On Automotive Semiconductor-

Asia-Pacific to Witness Highest Growth Rate

- Faster GDP growth and the highly aspirational Asian consumers have been the two main growth drivers for most of the emerging markets, including China, India, Malaysia, and the other developing markets in Southeast Asia. In China, for example, a rising middle class is expected to continue driving the steady growth of the Chinese auto market, with the market for new purchases and replacement of vehicles increasing. These factors are spurring the demand for automobiles in the region, consequently driving the market for automotive semiconductors.?

- The growth of the electric vehicle market in the region is associated majorly with the production of the electric motors for automotive applications in countries like India and China. According to the CAAM, in 2019, The People's Republic of China remained the world's largest electric car market, followed by Europe and the United States.

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Market Segmentation : Automotive Semiconductor

Market Trends and Opportunities -

Technological Upgradations in Automotive Semiconductor market manufacturing techniques

Customized or Personalized Automotive Semiconductor Report According to Changing Consumer Preferences.

Adoption of Overview in Automotive Semiconductor

The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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