openPR Logo
Press release

The Global Automotive Semiconductor Market to Gain CAGR of 6.30% by 2028

08-23-2022 09:19 AM CET | IT, New Media & Software

Press release from: Triton Market Research

Global Automotive Semiconductor Market

Global Automotive Semiconductor Market

Triton Market Research presents the Global Automotive Semiconductor Market segmented by Type of Fuel (Electric/Hybrid, Gasoline, Diesel), Application (Powertrain, Body Electronics, Advanced Driver Assistance Systems, Infotainment, Safety Systems), Type of Vehicle (Heavy Commercial Vehicles (HCVs), Passenger Cars, Light Commercial Vehicles (LCVs)), Components (Analog ICs, Discrete Power Devices, Sensors [Position Sensor, Pressure Sensor, LED, Temperature Sensor, Image Sensor, Other Sensor Types], Processors, Lighting Devices, Memory Devices [Flash, DRAM]), and Geography (North America, Asia-Pacific, Middle East and Africa, Europe, Latin America). It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Impact Analysis, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

As per Triton's research report, the global automotive semiconductor market is envisioned to witness growth, attaining 6.30% of CAGR during the period 2021-2028.

Request a Free Sample Report @

A semiconductor is a material comprising silicon that conducts more electricity than an insulator like glass. Semiconductor chips are widely employed in various products, such as computers, smartphones, and automotive components.

The growing trend of electric vehicles and a major shift towards technology trends are creating several opportunities for the automotive semiconductor market. For instance, electric vehicles use a large traction battery pack to power the motor. Moreover, these charging systems must be plugged into an outlet known as electric vehicle supply equipment. Here, automotive vehicles are widely deployed; hence the rise in electric vehicles simultaneously boosts the studied market's growth.

However, the growing automotive costs, high regulations, and dearth of semiconductor chips restrict the progress of the automotive semiconductor market to a large extent.

Globally, North America is likely to witness the fastest growth rate in the automotive semiconductor market during the forecasted period. The rise in demand for these semiconductors is mainly due to the increasing need for commercial vehicles in the region, especially in the US. This is due to the rise in the adoption of automated safety technologies and growing EV production. Additionally, the increase in demand for light commercial vehicles has strengthened the need for autonomous features. Thus, these factors are estimated to open new avenues for the automotive semiconductor market.

The leading enterprises in the automotive semiconductor market include Qualcomm Technologies Inc, STMicroelectronics NV, Micron Technology Inc, Infineon Technologies AG, ON Semiconductor Corporation, Toshiba Corporation, Rohm Co Ltd, Texas Instruments Incorporated, Renesas Electronics Corporation, Analog Devices Inc, Microchip Technology Incorporated, Intel Corporation, Samsung Electronics Co Ltd, Robert Bosch GmbH, and NXP Semiconductors NV.

Several prominent players are striving to expand their global footing by incorporating various strategies, such as partnership and distribution agreements with other existing players. These steps are concentrated towards surging their market footprints across economies. Hence, the competition levels among current players are likely to be relatively moderate over the upcoming years.

Read More @

Purchase this report @

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global Automotive Semiconductor Market to Gain CAGR of 6.30% by 2028 here

News-ID: 2712661 • Views: 465

More Releases from Triton Market Research

Global Fitness Equipment Market Evaluated to Gain revenue at $13.61 Billion by 2 …
According to Triton's report, the global fitness equipment market, which attained $9.80 billion in 2021, is estimated to grow at 3.95% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Fitness Equipment Market' consists of the Global Analysis and Forecasts by Distribution Channel (Offline, Online), Type (Cardiovascular Equipment, Strength Training Equipment, Other Equipment), End-user (Apartment, Home, Health Club/Gym, Corporate Office, Hotel, Others), and by Geography (Middle
Global ERP Market Estimated to Garner revenue at $63.13 Billion by 2028
According to Triton's report, the global enterprise resource planning market, which gained $38.84 billion in 2021, is likely to progress at 7.28% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Enterprise Resource Planning Market' consists of the Global Analysis and Forecasts by Application (Manufacturing Module, Finance, Human Resource (HR), Customer Management, Supply Chain, Inventory Management, Other Applications), Enterprise Size (Medium Enterprises, Large Enterprises, Small Enterprises),
Global Electric Vehicle Plastics Market to Gain $7002.65 Million by 2028
According to Triton's report, the global electric vehicle plastics market, which gained $1079.55 million in 2021, is forecasted to record a progress at 30.48% CAGR by 2028. A recent study conducted by Triton Market Research named 'Global Electric Vehicle Plastics Market,' provides global analysis and forecast by Electric Vehicle Type {HEV/PHEV, BEV}, by Plastic Type {Polyamide (PA), Polycarbonate (PC), Polyurethane (PU), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Other Electric Vehicle Plastic
Electric Power Distribution Automation Systems Market Analysis for 2028
According to Triton's report, the global electric power distribution automation systems market, which attained $30053.37 million in 2021, is expected to register progress at 7.05% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Electric Power Distribution Automation Systems Market' by Implementation (Feeder Automation, Substation Automation, Consumer Automation), End-user (Industrial, Commercial, Residential), and Regional Outlook (Europe, the Middle East and Africa, Asia-Pacific, North America, and Latin America).

All 5 Releases

More Releases for Semiconductor

Semiconductor Manufacturing Market 2021 Disclosing Latest Advancements- AMI Semi …
The report studies the Global Semiconductor Manufacturing Market with many aspects of the industry like the market size, market status, market trends, and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. The report offers valuable insight into the Semiconductor Manufacturing Market progress and approaches related to the market with an analysis of each region. The report goes on to
Semiconductor Rectifier Market 2020 Share and Projection: ABB, ASI Semiconductor …
The Semiconductor Rectifier market report is the most important research for who looks for complete information on the Semiconductor Rectifier market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Semiconductor Rectifier market scenario, and feasibility study are the vital aspects
"Semiconductor Microelectronics Market, Global Semiconductor Microelectronics Ma …
The “Semiconductor Microelectronics Market Analysis to 2030” is a specialized and in-depth study of the Semiconductor Microelectronics industry with a focus on the Semiconductor Microelectronics market trend. The report aims to provide an overview of the Semiconductor Microelectronics market with detailed market segmentation by component, application, end-user, and geography. The Semiconductor Microelectronics market is expected to witness high growth during the forecast period. The report includes key statistics on the
Semiconductor Manufacturing Market Research Report 2019-2025 | Top Key Players …
UpMarketResearch offers a latest published report on “Global Semiconductor Manufacturing Market Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 126 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Get Exclusive FREE Sample Copy Of this Report @ Semiconductor Manufacturing Market research report delivers a close
Global Silicon Carbide for Semiconductor Market - Toshiba, United Silicon Carbid …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Silicon Carbide for Semiconductor market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are
Global Semiconductor Foundry Market 2016: Focuses on top players GlobalFoundries …
The Semiconductor Foundry research report by QY Research represents an inclusive evaluation of the Global Semiconductor Foundry Market and comprises considerable insights, historical data, facts, and statistical and industry-validated data of the global market. Additionally, it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions. The research report highlights informative data and in-depth analysis of Semiconductor Foundry market and its corresponding segments