Automotive Semiconductor Market 2023: Size, Share, Growth Rate, Industry Trends And Industry Analysis Till 2032

As per The Business Research Company's Automotive Semiconductor Opportunities And Strategies Market Report 2023, The automotive semiconductor market reached a value of nearly $41,843.74 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.6% since 2016. The market is expected to grow from $41,843.74 million in 2021 to $72,524.05 million in 2026 at a rate of 11.6%. The market is then expected to grow at a CAGR of 11.1% from 2026 and reach $122,647.21 million in 2031.

The increasing popularity of autonomous vehicles is expected to propel the growth of the automotive semiconductor market going forward. Autonomous vehicles are self-driving cars that require semiconductor chips, which are more efficient, enable rapid performance within vehicle systems and allow the execution of complex software. For example, in September 2022, according to Nissan Motor Co. Ltd., a Japan-based automotive manufacturer, 55% of small businesses believe that they are going to have a fully autonomous fleet in the next two decades. Further, in September 2022, according to Vox, a US-based journal website, in recent times, the autonomous car market is estimated to be worth $54 billion and expects it to increase tenfold in the next 5-7 years. Therefore, the increasing popularity of autonomous vehicles will drive the automotive semiconductors market during the forecast period.

View Complete Report @
https://www.thebusinessresearchcompany.com/report/automotive-semiconductor-market

Resistive RAM technology is a key trend gaining popularity in the automotive semiconductors market. Resistive RAM technology also known as ReRAM (resistive random-access memory), refers to a form of nonvolatile storage that operates by changing the resistance of a specially formulated solid dielectric material. Major companies operating in automotive semiconductors are making use of this technology to enhance the production and effective use of semiconductors in the automotive industry. For example, in November 2022, Infineon Technologies AG, a Germany-based company manufacturing automotive semiconductors, in partnership with TSMC, a Taiwan-based semiconductor manufacturing company, unveiled TSMC's Resistive RAM (RRAM) Non-Volatile Memory (NVM) technology for the portfolio of Infineon's next generation AURIX™ microcontrollers (MCU). These are essential components for clean, safe and smart cars, which are used in vehicle dynamics control, driver assistance, propulsion systems and body applications, and enable innovations that provide electrification, new E/E architectures and automated driving in the automotive space.

The top opportunities in the automotive semiconductor market segmented by component will arise in the processor market segment, which will gain $10,321.70 million of global annual sales by 2026. The top opportunities in the automotive semiconductor market segmented by application will arise in the safety segment, which will gain $8,501.35 million of global annual sales by 2026. The top opportunities in the passenger vehicle market segmented by vehicle type will arise in the automotive segment, which will gain $19,994.48 million of global annual sales by 2026. The top opportunities in the automotive semiconductor market segmented by propulsion will arise in the internal combustion engine segment, which will gain $26,159.74 million of global annual sales by 2026. The automotive semiconductor market size will gain the most in China at $ 8,229.60 million

Automotive Semiconductor Market Segmentation:
The Automotive Semiconductor market is segmented by component, by application, by vehicle type, by propulsion type.
By Component-
a) Processor
b) Analog IC
c) Discrete Power
d) Sensor
e) Memory
f) Other Components

By Application-
a) Powertrain
b) Safety
c) Body Electronics
d) Chassis
e) Telematics And Infotainment
By Vehicle Type-
a) Passenger Vehicle
b) Light Commercial Vehicle
c) Medium and Heavy Commercial Vehicle

By Propulsion Type-
a) Internal Combustion Engine
b) Electric
c) Hybrid

Major players in the Automotive Semiconductor market include Infineon, Technologies AG, STMicroelectronics N.V., Texas Instruments, Inc., Renesas Electronics Corp., NXP Semiconductors N.V.

The regions covered in the global Automotive Semiconductor market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Download FREE SAMPLE Report - https://www.thebusinessresearchcompany.com/sample_request?id=8665&type=smp

The latest report from The Business Research Company, 'Global Automotive Semiconductor Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Automotive Semiconductor Market Report Table Of Content
1 1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.......
20. Key Mergers and Acquisitions
21. Global Automotive Semiconductor Market Opportunities And Strategies
22. Global Automotive Semiconductor Market In 2026 - Growth Strategies
23. Automotive Semiconductor Market, Conclusions And Recommendations
24.Appendix

PURCHASE the report @
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8665

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.