Automotive Semiconductor Market

Automotive Semiconductor Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Automotive Semiconductor Market Trends and Forecast
The future of the global automotive semiconductor market looks promising with opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications. The global automotive semiconductor market is expected to reach an estimated $81.5 billion by 2028 with a CAGR of 9.4% from 2023 to 2028. The major drivers for this market are growing trend of vehicle electrification, rising demand for advanced safety, convenience, and comfort systems, and increasing installation of ADAS (advanced driver assistance system).
Automotive Semiconductor Market by Component, Vehicle, Application, and Engine

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Automotive Semiconductor Market by Segments
Automotive Semiconductor Market by Segment
The study includes trends and forecast for the global automotive semiconductor market by component type, vehicle type, application, engine type, and region, as follows:
Automotive Semiconductor Market by Component Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Microcontrollers
Integrated Circuits
Sensors
Discrete Power
Others
Automotive Semiconductor Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Small Cars
Compact Cars
Mid-Size Cars
Large Cars
SUVs & Crossovers
MPVs
Pickups
HCVs
Electric Vehicles
Others
Automotive Semiconductor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Powertrain
Chassis
Safety
Networking/Communication
Body Electronics
Driver Information Systems
Automotive Semiconductor Market by Engine Type [Value ($B) Shipment Analysis from 2017 to 2028]:
ICE Vehicles
Electric Vehicles
Automotive Semiconductor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
List of Automotive Semiconductor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive semiconductor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive semiconductor companies profiled in this report include.
NXP Semiconductor
Renesas Electronics
ST Microelectronics
Infineon Technologies
Texas Instruments
Robert Bosch
On Semiconductor
Micron Technology
TOSHIBA
Panasonic Semiconductor
Automotive Semiconductor Market Insights
Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
Powertrain is the highest growing segment due to efficient operation of electric components and battery management systems.
APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
Features of the Automotive Semiconductor Market
Market Size Estimates: Automotive semiconductor market size estimation in terms of value ($B)
Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
Segmentation Analysis: Automotive semiconductor market size by various segments, such as by component type, vehicle type, application, engine type, and region
Regional Analysis: Automotive semiconductor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis on growth opportunities in different component types, vehicle types, applications, engine types, and regions for the automotive semiconductor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive semiconductor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive semiconductor market size?
Answer: The global automotive semiconductor market is expected to reach an estimated $81.5 billion by 2028.
Q2. What is the growth forecast for automotive semiconductor market?
Answer: The global automotive semiconductor market is expected to grow with a CAGR of 9.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive semiconductor market?
Answer: The major drivers for this market are growing trend of vehicle electrification, rising demand for advanced safety, convenience, and comfort systems, and increasing installation of ADAS (advanced driver assistance system).
Q4. What are the major segments for automotive semiconductor market?
Answer: The future of the automotive semiconductor market looks promising with opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications.
Q5. Who are the key automotive semiconductor companies?
Answer: Some of the key automotive semiconductor companies are as follows:
NXP Semiconductor
Renesas Electronics
ST Microelectronics
Infineon Technologies
Texas Instruments
Robert Bosch
On Semiconductor
Micron Technology
TOSHIBA
Panasonic Semiconductor
Q6. Which automotive semiconductor segment will be the largest in future?
Answer:Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
Q7. In automotive semiconductor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the global automotive semiconductor market by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application (powertrain, chassis, safety, networking/communication, body electronics, and driver information systems), engine type (ICE vehicles and electric vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?

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