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Automotive Semiconductor Market (2023 to 2032) - Industry Analysis, Size, Share, Growth, Trends and Forecast
Automotive Semiconductor Market
As per the automotive semiconductor market report by The Business Research Company, Technological innovation is a key trend gaining popularity in the automotive semiconductor market. Major companies operating in the automotive semiconductor market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation automotive semiconductor technologies into their products, such as artificial intelligence, IoT, algorithmic chips, ICs, transistors, intelligent sensors, computing, and others, making devices and applications reliable, compactness, and of low-cost.
The global automotive semiconductor market size grew from $48.44 billion in 2022 to $55.14 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive semiconductor market size is expected to grow to $88.05 billion in 2027 at a CAGR of 12.4%.
Read More On The Automotive Semiconductor Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-semiconductor-global-market-report
Major competitors in the automotive semiconductor market include Analog Devices Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO Ltd., Semiconductor Components Industries LLC, STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, ON Semiconductor Corp., Intel Corporation, Micron Technology, Cypress, and SK Hynix.
The automotive semiconductor market is segmented -
• By Component: Processor, Analog IC, Discrete Power, Sensor, Memory, Other Components
• By Fuel Type: Diesel, Gasoline, Electric and Hybrid
• By Application: Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment
• By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Other Vehicle Types. Asia-Pacific was the largest region in the automotive semiconductor market.
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The automotive semiconductor refers to an automotive component that exploits electronic properties of semiconductor materials, like silicon, germanium, gallium arsenide, and organic semiconductors. The primary purpose of automotive semiconductors is to be used in producing semiconductor devices, which are required for a wide range of automotive products. These semiconductors can alter their electrical conductivity by applying magnetic or electrical fields, which makes semiconductors useful in various applications and devices.
The Table Of Content For The Automotive semiconductor Market Include:
1. Executive Summary
2. Automotive Semiconductor Market Characteristics
3. Automotive Semiconductor Market Trends And Strategies
4. Automotive Semiconductor Market - Macro Economic Scenario
5. Automotive Semiconductor Market Size And Growth
……
27. Automotive Semiconductor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Semiconductor Market
29. Automotive Semiconductor Market Future Outlook and Potential Analysis
30. Appendix
The "Global Automotive Semiconductor Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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