Automotive Semiconductor Market Highlights Recent Trends, Market Growth, Business Opportunities till 2027
The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Automotive Semiconductor Market during the forecast period. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the Automotive Semiconductor Market on the basis of product type, application, technology, and region. To offer more clarity regarding the Automotive Semiconductor Market Industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Automotive Semiconductor Market Overview:
This study looks at the market growth drivers and roadblocks for the manufacturer, as well as an assessment of the market's fir strategies, procedures, and financially sound and grow plan. Individual customer requirements can be satisfied through customization and a deep understanding of market opportunities. The Automotive Semiconductor Market provides a comprehensive overview of the market's competitive landscape and key players. This report can assist with structural planning in light of current industry conditions.
Expected Growth Value Of Automotive Semiconductor Market :
Automotive Semiconductor Market was worth US$ 48.13 Bn in 2020 and total revenue is expected to grow at a rate of 11.2 % CAGR from 2021 to 2027, reaching almost US$ 129.17 Bn in 2027.
Market Scope:
As per the forecast period 2021-2027, the Automotive Semiconductor market is expected to grow at a steady rate of between 2021 and 2027. This study covers the Automotive Semiconductor market and provides a value-based analysis and estimate. This study and analysis of market drivers, restraints, and opportunities affecting the growth of the Automotive Semiconductor Market is included in this report. The global market has been segmented into four categories: type, source, end-user, and geography (country-wise). The scope of the research is a strategic analysis of the Automotive Semiconductor market in terms of individual growth trends, future prospects, and the contributions of important sub-market stakeholders. Automotive Semiconductor market analyses and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. Major industry participants' profiles, as well as their strategic orientations, market positioning, and core competence analysis, are offered. The top players in the Automotive Semiconductor Market are also profiled, with details on their recent competitive advancements, investments, strategic growth, and competitive landscape.
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Global Automotive Semiconductor Market Dynamics:
Chips are running out in the automotive industry. The global semiconductor crisis, which began in the first quarter of 2021, has brought assembly lines to a halt all across the world, as extended lead times for small silicon chips have hampered the production of everything from smartphones to home appliances to driver-assistance systems. Major automakers, including one located in the United States, have already announced significant production cuts, cutting revenue forecasts for 2021 by billions of dollars. The major two factors driving the market are: low automotive inventory, which will result in new car growth next year, and stimulus packages designed to help the ailing auto industry while favoring the switch to electric and hybrid vehicles, which are typically more expensive than equivalent internal combustion-powered models.
In recent years, the semiconductor industry has matured as a result of consolidation and increased scale. Its capacity has grown at a slow but steady rate of roughly 4% per year, in accordance with sales. Parallel to this, semiconductor usage has been continuously high throughout the last decade (at or above 80%). In fact, in 2020, usage was near to 90%, which many industry leaders consider to be full utilization, because anything higher than that generally results in proportionally longer lead times. As a result, despite the semiconductor industry's approximately 180 % increase in manufacturing capacity since 2000, its overall capacity is nearly depleted at the current high utilization rate.
Precision Farming Market Segmentation:
Based on Vehicle Type, The market is sub-segmented into three segments: passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) (HCV). Passenger cars are expected to have the largest market share during the forecast period. The strong demand for passenger cars around the world, especially in Asia and Oceania, is to blame for this expansion. Expanding middle-class populations and greater disposable income have fueled demand for passenger cars in countries like China, India, Thailand, Indonesia, and Malaysia. The most significant growth will be in the LCV class, which is predicted to grow at the highest CAGR between 2016 and 2022.
Based on Component, the market is sub-segmented into Processor, Analog IC, Discrete Power Device, Sensor, Memory Device and Lighting Device. The fastest growing segment of the automotive semiconductor market is discrete power devices, followed by memory devices. The cause for this fast increase in discrete power device market share is the increasing electrification of major automotive applications such as powertrain, which is driving up demand for power components such as MOSFET and IGBT. Whereas, the need for more memory devices per car to programmed the multiple control systems into an autonomous one is being driven by the demand for enhanced safety and advanced features in automobiles.
Based on Application, Powertrain, Safety, Body Electronics, Chassis, and Telematics and Infotainment are the segments of the market. The increasing need for safety features that prevent collisions and accidents by providing technologies that alert drivers to possible hazards and avoid crashes by implementing safeguards and assuming control of the vehicle ADAS (Advanced Driver Assistance Systems) sales are expected to soar in the future. Semiconductors are used in ADAS to improve the system's functionality. The use of 64-bit CPUs for automotive ADAS applications is being driven by higher data quantities. The transition from a dispersed to a more centralized ECU is becoming more common. Powertrain and HVAC systems are the most important and traditional uses, followed by body electronics and alternative fuel. Customers' increasing desire for automatic control of operations and information about a vehicle's state has resulted in a greater focus on preserving safety. Similarly, government assistance for the use of alternative fuels is expected to drive market growth for automotive semiconductors during the forecasted period
Some prominent players in the Automotive Semiconductor Market:
• Toshiba Corp. (Japan)
• Analog Devices Inc. (U.S.)
• NVidia Corporation
• Intel Corporation
• Microchip Technology Inc.
• Entegris
• Sanmina
• Wafer Space
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Regional Insights on Automotive Semiconductor Market :
The several sections on regional segmentation provide information on the regional characteristics of the Automotive Semiconductor Market. This chapter discusses the regulatory environment that will have an impact on the market. It highlights the market’s political landscape & anticipates its impact on the worldwide Automotive Semiconductor Market industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Automotive Semiconductor Market report examines the five areas & their distribution by country:
North America – (U.S., Canada, and Mexico)
Europe – (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America – (Brazil, Argentina, Colombia, and Rest of South America)
COVID-19 Impact Analysis on Automotive Semiconductor Market:
The recovery phase of the COVID-19 outbreak has come to an end over the world. Maximize Industry Research has released the Automotive Semiconductor Market Status, Trends, and COVID-19 Impact Report 2021, which gives a detailed look at the Automotive Semiconductor market in light of the present economic situation.
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The report provides insights on the following:
- Market Penetration: Offers complete information on the market offered by the key players
- Market Development: Provides in-depth information about emerging market trends and analyses the markets
- Competitive Assessment & Intelligence: Provides a comprehensive assessment of market shares, strategies, products, and manufacturing capabilities of the leading key players operating in the market
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