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Automotive Semiconductor Market 2020 Global Industry Analysis, Opportunities and Forecast 2027

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Automotive Semiconductor Market Size is Anticipated to Register a CAGR of 7% between 2020 and 2026 :

 

Market Research Future has published a Half-Cooked Research Report on the Global Automotive Semiconductor Market.

 

Market Highlights

 

Global Automotive Semiconductor Market size is anticipated to register a significant CAGR of 7% between 2020 and 2026. Semiconductors enable most of the innovations in automotive development as the modern car contains features like cell phone integration, heads-up displays, autonomous driving aids, comfort, and performance which needs the aid of the semiconductor. As cars become even more complex, demand for automotive semiconductors will increase progressively and provide a powerful long-term growth engine for the automotive sector.

 

Automotive semiconductor ICs with different functionalities are used in various automotive products, like navigation control, infotainment systems, and collision detection systems. The electrification and automation of automobiles have led to increased demand in semiconductor wafers. The continuous innovations in the field of semiconductors for wide variety of applications in passenger cars, lightweight commercial vehicle (LCV), heavyweight commercial vehicle (HCV) is attracting several automakers globally, which is paving the path for automotive semiconductors market in the current scenario.

 

In 2019, Asia-Pacific Contributed Significantly to the Automotive Semiconductor Market in Terms of Share: MRFR

 

Based on region, the global Automotive Semiconductor market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Faster GDP growth and the highly aspirational Asian consumers have been the two main growth drivers for most of the emerging markets, including China, India, Malaysia, and the other developing markets in Southeast Asia. In China, for example, a rising middle class is expected to continue driving the steady growth of the Chinese auto market, with the market for new purchases and replacement of vehicles increasing. These factors are spurring the demand for automobiles in the region, consequently driving the market for automotive semiconductors.

 

The global Automotive Semiconductor market has been segmented by Component, Application, Vehicle Type, and region. Based on Component, the global Automotive Semiconductor market can be bifurcated into Processors, Sensors, Memory Devices, Integrated Circuits, Discrete Power Devices, and Others. The Integrated Circuits segment is anticipated to grow at a significant CAGR in the coming years. By Application, the Automotive Semiconductor market has been split into Chassis, Power Electronics, Safety, Body Electronics, Comfort/Entertainment Unit, and Others. The Power Electronics segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By Vehicle Type, the Automotive Semiconductor market has been split into passenger cars, LCV, and HCV. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years.

 

Global Automotive Semiconductor Market size is anticipated to register a significant CAGR of 7% between 2020 and 2026.

Get Free Sample Copy of Latest Research Report @ https://www.marketresearchfuture.com/sample_request/10444 

 

Scope of the Report

 

This report provides an in-depth analysis of the global Automotive Semiconductor market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Automotive Semiconductor market by Component, Application, Vehicle Type, and region.

 

Component

Processors

Sensors

Memory Devices

Integrated Circuits

Discrete Power Devices

Others

 

Application

Chassis

Power Electronics

Safety

Body Electronics

Comfort/Entertainment Unit

Others

 

Vehicle Type

Passenger Cars

LCV

HCV

 

By Region

North America

Asia-Pacific

Europe

Rest of the World

 

Key Players

 

Key Players in the Global Automotive Semiconductor Market are NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V., Toshiba Corporation, Texas Instrument Inc., Robert Bosch GmbH, Micron Technology, ON Semiconductor Corporation, and Analog Devices Inc.

 

Fill Free If You Have Any Query @ https://www.marketresearchfuture.com/enquiry/10444 

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Contact:

Market Research Future

528, Amanora Chambers, Magarpatta Road, Hadapsar

Pune – 411028, Maharashtra, India

Email: sales@marketresearchfuture.com

Blog: https://www.mrfrblog.com/ 

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