Press release
Automotive Semiconductor Market size was valued at USD 48.89 Bn in 2023 and is expected to reach USD 87.67 Bn by 2030, at a CAGR of 8.7 Percent as per Stellar Market Research
Automotive Semiconductor Market
Find Out Further Information Regarding the Report:https://www.stellarmr.com/report/Automotive-Semiconductor-Market/2283
Automotive Semiconductor Market Overview:
Automotive semiconductors are specialized components used in vehicles for functions such as body electronics, power electronics, chassis systems, safety features, and comfort and entertainment units. This growth is driven by the increasing penetration of electronic components across all car segments, the adoption of electronic control units (ECUs) in modern vehicles, and a growing focus on vehicular safety systems.
Automotive Semiconductor Market Dynamics:
Automotive semiconductor market is experiencing significant growth due to increasing vehicle electrification and advancements in autonomous driving systems. Innovations in semiconductor technology enhance EV performance and range, boosting consumer appeal. Additionally, the development of connected and autonomous vehicles, which rely heavily on advanced semiconductors, further drives market growth.
Automotive Semiconductor Market Regional Analysis
Asia Pacific dominated the largest Automotive Semiconductor Market share in 2023. This growth is driven by the expansion of the automotive industry, particularly in emerging economies such as India, China, and Japan. In 2023, China's auto sales surged by 12% to 30.09 million vehicles, with exports nearing 5 million, solidifying its position as the world's leading auto exporter, surpassing Japan. With government support, Chinese automakers like Zhejiang Geely Holding Group are developing their own semiconductors, enhancing market growth.
Please Click Here to See Further Information About This Study:https://www.stellarmr.com/report/req_sample/Automotive-Semiconductor-Market/2283
Automotive Semiconductor Market Scope:
Market Size in 2023 USD 48.89 Bn.
Market Size in 2030 USD 87.67 Bn.
CAGR 8.7 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Segment Covered by component, vehicle, propulsion, and application
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, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Automotive Semiconductor Market Segmentation:
By Component
Processor
Analog IC
Discrete Power Device
Sensor
Memory Device
Others
By Vehicle Type
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
By Propulsion Type
Internal combustion engine (ICE)
Electric
By Application
Powertrain
Safety
Body Electronics
Chassis
Telematics and infotainment
Others
Please Click Here to See Further Information About This Study:https://www.stellarmr.com/report/req_sample/Automotive-Semiconductor-Market/2283
Leading Automotive Semiconductor Market key industry:
Qualcomm: San Diego, California, United States
Texas Instruments: Dallas, Texas, United States
Applied Materials: Santa Clara, California, United States
Renesas: Tokyo, Japan
Toshiba: Tokyo, Japan
DENSO: Kariya, Japan
NXP: Eindhoven, Netherlands
Infineon: Neubiberg, Germany
Robert Bosch GmbH: Gerlingen, Germany
STMicroelectronics: Geneva, Switzerland
Key questions answered in the Automotive Semiconductor Market are:
What is the growth rate of the Global Automotive Semiconductor Market?
Which region is expected to dominate the Global Automotive Semiconductor Market?
What is the expected Global Automotive Semiconductor Market size by 2030?
Which are the top players in the Global Automotive Semiconductor Market?
What are the factors driving the Global Automotive Semiconductor Market growth?
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
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Related Report
Power Semiconductor Market
Asia Pacific Semiconductor Memory Market
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
About Stellar Market Research:
Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.
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