Automotive Semiconductor Market Revenue to close at USD 100.13 BN by 2027

Posted On March 03, 2021     

The Global Automotive Semiconductor Market is foreseen to grow at a remarkable CAGR of 8.8% during the year 2020-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 100.13 BN by 2027. Electric vehicles and autonomous cars becoming the future trend of the automotive sector will be the primary catalyst for the growth of the automotive semiconductor market. Semiconductors enabling most automotive sector innovations will propel the growth of this market. The cars becoming more and more complicated will augment a steady increase in the demand for automotive semiconductors. Semiconductors considered the building blocks of a car’s “Internal Computing Engine” will boost the market growth. Large-scale electrification in the automotive sector will enhance the development of this market. The high price of the vehicles fitted with a more significant number of semiconductors and the shortage of manufactured chips will hinder the market growth.

Automotive semiconductors are electronic systems used in automotive applications like safety, interior, connectivity, and fuel efficiency. Semiconductor chips are being extensively used in new vehicles for infotainment systems, power steering, and brakes. Several modern features like cell phone integration, heads-up displays, autonomous driving aids, comfort, and performance are made possible by these semiconductors. The convergence of several technological applications like 5G, Artificial Intelligence (AI), and the Internet of Things (IoT) are made possible by automotive semiconductors. A vehicle could have different numbers and types of semiconductors depending on the model, its safety features, and infotainment systems.

The geographical and segmentation study covered in the report "Global Automotive Semiconductor Market Report By Component (Processors, Analog ICS, Discrete Power Devices, Sensors, Memory Devices, Lighting Devices), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Fuel Type (Gasoline, Diesel, Electric And Hybrid, Hybrid Electric Vehicles (HEVS), Plug-In Hybrid Electric Vehicles (PHEVS), Battery Electric Vehicles (BEVS), By Applications (Powertrain (Engine Control, Hev/Ev Motor, And Transmission), Safety (Air Bags, Electronic Stability Control, Adaptive Cruise Control, Night Vision, TPMS, And Parking Assistance), Body Electronics (Body Control Modules, Seta, Doors, Mirror & Windows Control, And HVAC Systems), Chassis (Brakes, Steering, Suspension, Traction Control, And Vehicle Dynamics Management), Telematics And Infotainment (Dashboards, Navigation, Connectivity Devices, And Audio-Video Systems) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
     
On the basis of component the market is segmented into Processors, Analog ICS, Discrete Power Devices, Sensors, Memory Devices, Lighting Devices. By vehicle type the automotive semiconductor market is categorised as Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles. By fuel type the automotive semiconductor market is categorised as Gasoline, Diesel, Electric and Hybrid, Hybrid Electric Vehicles (HEVS), Plug-In Hybrid Electric Vehicles (PHEVS), Battery Electric Vehicles (BEVS). Based on applications the automotive semiconductor market is segmented  as Powertrain (Engine Control, Hev/Ev Motor, and Transmission), Safety (Air Bags, Electronic Stability Control, Adaptive Cruise Control, Night Vision, TPMS, and Parking Assistance), Body Electronics (Body Control Modules, Seta, Doors, Mirror & Windows Control, and HVAC Systems), Chassis (Brakes, Steering, Suspension, Traction Control, and Vehicle Dynamics Management), Telematics and Infotainment (Dashboards, Navigation, Connectivity Devices, and Audio-Video Systems).Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.

The Report Segments Global Automotive Semiconductor Market -
By Component

  • Processors
  • Analog ICS
  • Discrete Power Devices
  • Sensors
  • Memory Devices
  • Lighting Devices

 
By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

 
By Fuel Type

  • Gasoline
  • Diesel
  • Electric and Hybrid
  • Hybrid Electric Vehicles (HEVS)
  • Plug-In Hybrid Electric Vehicles (PHEVS)
  • Battery Electric Vehicles (BEVS)

 
By Applications

  • Powertrain (Engine Control, Hev/Ev Motor, and Transmission)
  • Safety (Air Bags, Electronic Stability Control, Adaptive Cruise Control, Night Vision, TPMS, and Parking Assistance)
  • Body Electronics (Body Control Modules, Seta, Doors, Mirror & Windows Control, and HVAC Systems)
  • Chassis (Brakes, Steering, Suspension, Traction Control, and Vehicle Dynamics Management)
  • Telematics and Infotainment (Dashboards, Navigation, Connectivity Devices, and Audio-Video Systems)

 
By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 
Players Profiled In the Report:
NXP Semiconductors N.V (The Netherlands), Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) among others.

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