Automotive Semiconductor Market Report 2018: Trends, Forecast and Competitive Analysis 2012-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Automotive Semiconductor Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global automotive semiconductor market is expected to reach an estimated $67.5 billion by 2023 with a CAGR of 13.1% from 2018 to 2023.
The future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Emerging trends, which have a direct impact on the dynamics of the automotive semiconductor industry, include the introduction of high efficiency power semiconductors, and development of smaller single-chips for radar sensors.
The report forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production. The automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
The researcher forecasts that the powertrain and safety application will show above average growth during the forecast period due to the stringent government regulations for reduced vehicle emissions, and increased passenger safety.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Scope of the Report
Component Type ($ Million from 2012 to 2023)Microcontrollers Integrated Circuits Sensors Discrete Power Others
Vehicle Type ($ Million from 2012 to 2023)Small Cars Compact Cars Mid-Size Cars Large Cars SUVs & Crossovers MPVs Pickups HCVs Electric Vehicles Others
Application ($ Million from 2012 to 2023)Powertrain Safety Driver Information Systems Body Electronics Chassis Networking/Communication
Engine Type ($ Million from 2012 to 2023)ICE Vehicles Electric Vehicles
Companies MentionedInfineon Technologies AG Micron Technology NXP Semiconductors N.V. ON Semiconductor Panasonic Semiconductor Solutions Co. Ltd. Renesas Electronics Corporations Robert Bosch GmbH STMicroelectronics N.V. TOSHIBA Texas Instruments Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/pk84wr/automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005835/en/
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Related Topics:Semiconductor,Telematics and Vehicle Electronics
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR MANUFACTURING AUTOMOTIVE MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 01:17 PM/DISC: 12/03/2018 01:17 PM