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Automotive Semiconductors Market Accelerate the Demand of Power Components such as IGBT & MOSFET
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Increasing safety systems, not only passive safety e.g. seat belts, but mainly by electronic such as air bags, anti-lock braking systems (ABS), electronic stability control (ECS), blind spot detection (BSD), adaptive cruise control (ACC) and lane change assist (LCA) among others.
These all intelligent functions mentioned above require a semiconductor device to perform their function. The main function of a semiconductor is to conduct electricity easily in one direction among other more specific functions.
Regulations regarding safety and emission will drive the market for connected components and devices in the vehicle to ensure monitoring and reporting of vehicle emission complying to the regulations set by the government.
They require increasingly powerful semiconductors to ensure that vehicles’ performance is in compliance. Thus the above reason in turn is helping the market for automotive semiconductors to grow during the forecasted period from 2016 – 2024.
Moreover vehicle standards such as New Car Assessment program (NCAP) that gives safety ratings to new vehicles manufactured as star-ratings, is boosting the car manufacturers to provide more and more electronic components to provide more safety and security systems for the vehicle.
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Obtaining the highest level of five star rating can act as a strong selling point for the vehicles. Its achievement relies on complex and sophisticated assisted driving systems that require significant semiconductor content for these systems to function.
The major drivers of automotive semiconductors market are growing numbers of electronic devices in a car to add passenger safety features and driver assistance systems.
Even connected cars concept and other electronic devices present in the car that need to coordinate with the electronic control unit (ECU) are helping the growth of automotive semiconductors market during the forecasted period.
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