Powering Mobility : The Growing Landscape of the Automotive Semiconductor Market

According to a recent report published by Allied Market Research, titled, "Automotive Semiconductor Market by Component, Vehicle Type, Propulsion Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global automotive semiconductor was valued at $37.99 billion in 2020, and is projected to reach $113.94 billion by 2030, registering a CAGR of 11.8% from 2021 to 2030.

North America dominates the market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. garnered the highest share in 2020. However, Mexico is expected to grow at a significant rate during the forecast period, due to increase in production of vehicles equipped with advanced features such as ADAS, telematics and in-car infotainment.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/14846

Automotive semiconductors are specially designed components that are used in numerous automotive electronic components and are designated for efficient performance of the associated component. Semiconductors used in automobiles are used to transfer electricity through them so that the semiconductor associated component performs its operations without any failure. In addition, continuous developments carried out by the key players operating in the automotive industry have introduced components related to advanced driver assistance system, telematics and others, creates ample opportunities for the growth of automotive semiconductor market during the forecast period.

Moreover, the key players operating in the global automotive semiconductor market has developed numerous components to be used in automobiles which leads to the growth of their market share in the global market. In addition, continuous developments towards the introduction of semi-autonomous & autonomous vehicles and electric propelled vehicles has also supplemented the growth of automotive semiconductors among vehicles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-semiconductor-market/purchase-options

In addition, numerous developments have been carried out by key manufacturers such as Analog Devices, Infineon Technologies, NXP Semiconductors, Texas Instruments and others creates a wider scope for the growth of the market across the globe. For instance, in June 2021, Analog Devices collaborated with Keysight for development of O-RAN Solution. O-RAN is a family of wireless chips that are used in conjunction with Wi-Fi and cellular networks. They are used in public transports such as buses and train stations. Similarly, in October 2021, Infineon technologies launched high precision coreless XENSIVTM TLE4972 sensor for automotive application. It is first automotive sensor launch by Infineon technologies. XENSIVTM TLE4972 sensor has a compact design that uses Infineon hall technology for stable and precise current measurement. XENSIVTM TLE4972 sensor is used in hybrid and battery driven vehicles like traction inverter. Such developments carried out by the key manufacturer supplements the growth of the market across the globe.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By component, the sensor segment is expected to register a significant growth during the forecast period.

Depending on vehicle type, the light commercial vehicle segment is anticipated to exhibit significant growth in the near future.

On the basis of propulsion type, the electric segment is projected to lead the global automotive semiconductor market owing to higher CAGR.

On the basis of application, the telematics & infotainment segment is projected to lead the global automotive semiconductor market owing to higher CAGR.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/14846

The key players analyzed in this automotive semiconductor market report are Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V. and Texas Instruments, Inc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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This release was published on openPR.