Press release
Valuable Foresights on How Automotive Semiconductor Market will Grow During 2016-2026
Automotive Semiconductor Market: Segmentation
The automotive semiconductor market is segmented as follows
By product type the automotive semiconductor market is segmented into
Analog IC
Discrete Semiconductors
Logic Semiconductors
Sensor Semiconductors
Optical Semiconductors
Others (Memory IC, Micro component IC, etc.)
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By Application, the automotive semiconductor market is segmented as follows
Safety, comfort & control
Chassis
Powertrain
Infotainment
Electronic system
By Vehicle type, the automotive semiconductor market is segmented as follows
Passenger Cars
Compact
Sub-compact
Sedan
SUV
Van
Luxury
Light Commercial Vehicles
Heavy Commercial Vehicles
Automotive Semiconductor Market: Driver and Restraints
Increasing global automobile production is a major factor empowering the growth of the global automotive semiconductor market. Global automotive production in 2014 improved 3% as compared to 2013 and increased another 2% in 2015 to 86.9 million units. Moreover, increasing electric vehicle sales with growing environmental awareness will lead to further electrification of drivetrain, thus a surge in demand for automotive semiconductors. The emerging concept of connected vehicles/vehicle intelligence will create significant growth opportunities in the automotive semiconductors market over coming years. Mature markets are expected to witness higher adoption rate for such systems however some of the emerging automotive markets are anticipated to witness low adoption due to high costs.
High cost of adoption is the major factor that can hamper growth of automotive semiconductors market, especially in countries of Asia and Africa. Further lower adoption of electric vehicles in these regions as compared to North America and Europe will significantly affect demand for automotive semiconductors.
Automotive Semiconductor Market: Region Wise Outlook
By region the automotive semiconductors market is segmented into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Asia Pacific automotive industry production increased 2% in 2015 to 43.8 million units and was highest across the globe. Thus Asia pacific is anticipated to have dominating share in automotive semiconductors market over the forecast period. Europe is anticipated to be the next largest market after Asia Pacific, with significant automotive production in the region. North America though have a smaller market share but has high adoption rate per vehicles. Latin America automotive semiconductors market is expected to witness sluggish growth due to steeply declining automotive production in the region, the automotive production in the region declined 20% in 2015. Middle East market for automotive semiconductors is expected to remain stable over the forecast period, which is largely due to focus of consumers on high performance of vehicles.
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Automotive Semiconductor Market: Key Players
Key players identified in the global automotive semiconductors market are listed below
Renesas Electronics Corporation
Infineon Technologies
STMicroelectronics
NXP Semiconductors N.V.
Robert Bosch GmbH
Texas Instruments Inc.
ON Semiconductor
Toshiba Corporation
Micron Technology, Inc.
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