Automotive Semiconductor Market Poised to Expand at a Robust Pace Over 2021

The global automotive semiconductor market is expected to reach USD 46.23 billion by 2022 at a projected CAGR of 6.22% during the forecast period 2017-2022. With the increase in semiconductor usage in the automobile industry, it is important for the manufacturing companies to ensure higher reliability (low failure rate), smaller size (smaller volume, smaller footprint, lighter weight), and lower costs. The amount of electronic equipment being used in cars these days has been increasing as automotive manufacturers keep adding new safety features, entertainment services and improving energy efficiency.
The stringent regulations and high demand for facilities like automatic parking, lane change assistance, collision avoidance and other similar safety features are driving the growth of this market. The need to provide safer workplaces and commercial infrastructure has resulted in increased investment in safety solutions, thus helping faster adoption of these systems. Also, advancements in sensor technology are also aiding the growth of this market, with many companies providing low cost and reliable solutions. In the case of system failure due to the semiconductor, the recall costs might be very high, which restrains the market.

Request sample copy of the report at: http://www.orbisresearch.com/contacts/request-sample/217502

The global automotive semiconductor market can be segmented by vehicle type (passenger vehicles, light commercial vehicles, heavy commercial vehicles, and others), fuel type (gasoline, diesel, electric, and others), applications (engine, chassis, body electronics, safety, comfort/entertainment unit, and others), component types (processors, sensors, ICs, power devices, memory devices, lighting devices, and others), and by geography (North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa).

The report also analyzes key trends that impact the industry and key profiles of leading companies in market, which include:

• Freescale Semiconductor
• Infineon Technologies
• Micron Technologies
• NXP
• ON Semiconductor
• Renesas Electronics Corporation
• Robert Bosch
• STMicroelectronics
• Texas Instruments
• Toshiba

This report gives a detailed Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players, which includes the key growth strategies, geographical footprint, and competition analysis.

Avail more details of the report at: http://www.orbisresearch.com/reports/index/global-automotive-semiconductor-market-by-vehicle-type-passenger-vehicles-light-commercial-vehicles-heavy-commercial-vehicles-component-type-processors-sensors-ics-power-devices-memory-devices-lighting-devices-fuel-type-gasoline-diesel-electric-applicatio

What the Report Offers

• Market definition for automotive semiconductors along with identification of key drivers and restraints for the market.
• Market analysis for the automotive semiconductors market, with region-specific assessments and competition analysis on a global and regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
• Identification and analysis of the macro and micro factors that affect the automotive semiconductors market on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

Enquire more details of the report at: http://www.orbisresearch.com/contact/purchase/217502

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019

This release was published on openPR.