Automotive Semiconductor Market was valued at USD 62.35 Bn in 2023 and is expected to reach USD 109.66 Bn by 2030, at a CAGR of 8.4 % during the forecast period 2030: Competitive Landscape, Industry Analysis, Segmentation and Regional Insights.

The governments across the world have called on industry to generate technological ideals for more than 30 important automotive semiconductors by 2025 and more than 70 types by 2030.

The Automotive Semiconductor Market is composed for significant growth driven by increasing vehicle electrification, developments in autonomous driving technologies, and rising consumer demand for connected features.

A global Electronics business consulting firm, Maximize Market Research, has published market intelligence and competitive landscape report on the "Automotive Semiconductor Market". The report is a combination of primary data and secondary data and field experts have examined the Automotive Semiconductor Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Automotive Semiconductor Market to grow from USD 62.35 Bn in 2023 and is expected to reach USD 109.66 Bn by 2030, at a CAGR of 8.4 per cent.

To delve deeper into this research, please follow this link: https://www.maximizemarketresearch.com/request-sample/34474/

Automotive Semiconductor Market Scope:

Market Size in 2023 USD 62.35 Bn.
Market Size in 2030 USD 109.66 Bn.
CAGR 8.4 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 281
No. of Tables 122
No. of Charts and Figures 115
Segment Covered Vehicle type, Component, Fuel type and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Automotive Semiconductor Market Report Scope and Research Methodology:

Maximize Market Research reports on the automotive semiconductor market give a clear scope and structured methodology. They define market segments like DCUs, ECUs, and sensors across different applications and global regions. Data collection involves primary sources such as interviews with business experts and secondary sources like market reports. Analysis includes understanding market size, trends, growth factors, and competition, using both quantitative tools and qualitative visions. The reports also forecast future trends and opportunities using statistical models, considering advancements in technology and regulatory influences. This approach aims to provide a comprehensive understanding of the automotive semiconductor industry's dynamics and growth prospects.

Automotive Semiconductor Market Dynamics:
New Semiconductors in Vehicles: Major Improvements in Connectivity to increase Automotive Semiconductor Market growth.
The Automotive Semiconductor Market is boosted by advancements in vehicle electronics like GPS and Engine Control Units (ECUs), powered by semiconductor technology for better performance, fuel efficiency, and emissions control. Electric vehicles (EVs) are driving growth, using materials like Silicon Carbide (SiC) and Gallium Nitride (GaN) for enhanced efficiency. Challenges include component failures affecting vehicle reliability, costly repairs, and cybersecurity risks. Despite these, the rise of autonomous vehicles presents opportunities. These vehicles demand for semiconductor solutions for safety and performance, promoting significant market growth.

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Automotive Semiconductor Market Regional Insight:
Ashia Pacific region is dominated the Automotive Semiconductor Market. New auto sales in China surged by 12% in 2023 to a remarkable 30.09 million vehicles, with exports approaching 5 million, cementing China's position as the world's premier auto exporter, surpassing Japan and therefore China is known as the major Exporter of Automotive Semiconductor. Approximately 300 Chinese companies involved in automotive semiconductor development, domestic technological advancements have behind the evolving needs of the auto industry. The Japanese government is trying to attract big players like ASML Holding; previously piling in are Taiwan Semiconductor Manufacturing, Samsung Electronics and Mitsubishi Chemical Group. North America region also have key share in global Automotive Semiconductor Market. They have many leading Automotive Semiconductor Producers.
Globally industry leadership in this market is dominated by key companies such as Germany's Infineon Technologies, NXP Semiconductors from the Netherlands, Japan's Renesas Electronics, and U.S.-based chipmaker Texas Instruments.

Automotive Semiconductor Market Segmentation:

by Vehicle Type
• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
by Component
• Processor
• Analog IC
• Discrete Power Device
• Sensor
• Memory Device
• Others
by Fuel Type
• Gasoline
• Diesel
• Electric/Hybrid Electric Vehicle (EV/HEV)
by Application
• Powertrain
• Safety
• Body Electronics
• Chassis
• Telematics and infotainment
• Others

Based on Components, the market is segmented into Processor, Analog IC, Discrete Power Device, Sencer, Memory Device, and Others. Analog IC segment dominated the market in 2023 and is expected to grip the largest Automotive Semiconductor Market share over the forecast period for 2024 to 2030. Analog ICs are required to contribution all these processors, power devices, sensors, and other electronic components of the automobile to perform the task and to transfer the controls instructions and signals from one system to other, which significantly increase the Automotive Semiconductor industry growth. And the Discrete Power Device is expected to hold lowest Automotive Semiconductor Market share for forecasted period.

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Leading Automotive Semiconductor manufacturers include:

Europe:
• NXP: Eindhoven, Netherlands
• Infineon: Neubiberg, Germany
• Robert Bosch GmbH: Gerlingen, Germany
• STMicroelectronics: Geneva, Switzerland
• ASM Technologies: Almere, Netherlands
North America:
• Intel: Santa Clara, California, United States
• Qualcomm: San Diego, California, United States
• Texas Instruments: Dallas, Texas, United States
• Applied Materials: Santa Clara, California, United States
• Nvidia: Santa Clara, California, United States
• AMD: Santa Clara, California, United States
• Analog Devices: Norwood, Massachusetts, United States
• Broadcom: San Jose, California, United States
• Ford: Dearborn, Michigan, United States
• Micron Technology: Boise, Idaho, United States
• Allegro: Manchester, New Hampshire, United States
Asia-Pacific:
• Fuji Electric: Tokyo, Japan
• Renesas: Tokyo, Japan
• Toshiba: Tokyo, Japan
• DENSO: Kariya, Japan
• Zhejiang Geely Holding Group, China
• Volvo Cars, China
• MosChip Technologies: Hyderabad, India
• ROHM: Kyoto, Japan
• TSMC (Taiwan Semiconductor Manufacturing Company): Hsinchu, Taiwan
• Tata Elxsi: Bangalore, India
• Changan Automobile, China
• Semiconductor Manufacturing International Corp. (SMIC), China

Key questions answered in the Automotive Semiconductor Market are:

• What is Automotive Semiconductor?
• What was the Automotive Semiconductor Market size in 2023?
• What is the growth rate of the Automotive Semiconductor Market?
• Which are the factors expected to drive the Automotive Semiconductor Market growth?
• What are the different segments of the Automotive Semiconductor Market?
• What are the factors restraining the growth of the Automotive Semiconductor Market?
• What is the demand pattern of the Automotive Semiconductor Market?
• What major challenges could the Automotive Semiconductor Market face in the future?
• What segments are covered in the Automotive Semiconductor Market?
• Who are the key players in the Global Automotive Semiconductor market?
• What are the upcoming industry applications and trends for the Automotive Semiconductor Market?

View a Brief Summary of the Report Here: https://www.maximizemarketresearch.com/market-report/global-automotive-semiconductor-market/34474/

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations

Maximize Market Research is leading Electronics research firm, has also published the following reports:

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Automotive Quantum Computing Market - The Market size was valued at USD 164.56 Million in 2023 and is expected to reach USD 1416.10 Million by 2030, exhibiting a CAGR of 36% during the forecast period. The Market is majorly driven by the rising trend of OEMs partnering with quantum computing companies or setting up their own research.

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sales@maximizemarketresearch.com
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.