Automotive Semiconductor Market Overview
Maximize Market Research provides a brief description of Automotive Semiconductor. It includes the latest snapshots of the Automotive Semiconductor Market, and best understands its features with an overview of the market that highlights standard topics and customizes the data as needed. This overview will help clients decide how to approach the Automotive Semiconductor Market and understand the situation in the industry.
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Automotive Semiconductor Market Report Scope and Research Methodology
The research provides a comprehensive analysis of the global Automotive Semiconductor market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the statistics, tables, and figures in the report for strategic planning that leads to the organization's success. The Automotive Semiconductor market report covers the key players in the Automotive Semiconductor industry, including Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales, as well as an in-depth analysis of the market's competitive landscape. The bottom-up approach was used to estimate the Automotive Semiconductor market size by value. SWOT analysis and Porter's Five Force Analysis are used to define, characterize and analyze the Automotive Semiconductor market competition landscape, with a focus on global key players.
Automotive Semiconductor Market Regional Insights
A clear understanding of local energy, economic, political and geographic variables is essential for any meaningful assessment of possible policy options in response to the development of the Automotive Semiconductor market in each region provided in the report. The report helps clients to understand regional insights, ensuring Automotive Semiconductormarket effects and local growth opportunities as well as constraints at the country level.
Automotive Semiconductor Market Dynamics:
In the automotive sector, there are not enough chips. Extended lead times for small silicon chips have hampered the production of everything from smartphones to home appliances to driver-assistance systems, leading to the global semiconductor crisis that started in the first quarter of 2021. Major automakers, including one in the US, have already announced significant production reductions, which have significantly reduced projected revenue for 2021 by billions of dollars. Low automotive inventory, which will lead to new car growth next year, and stimulus packages intended to help the struggling auto industry while favouring the switch to electric and hybrid vehicles, which are typically more expensive than equivalent internal combustion-powered vehicles, are the two main factors driving the market.
Automotive Semiconductor Market Segmentation
The market is further divided into three segments based on the type of vehicle: heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), and passenger cars (HCV). During the forecast period, passenger cars are anticipated to hold the largest market share. This expansion is a result of the high global demand for passenger cars, particularly in Asia and Oceania. Countries like China, India, Thailand, Indonesia, and Malaysia have seen increased demand for passenger cars due to growing middle-class populations and higher disposable income. The LCV class, which is anticipated to grow at the highest CAGR between 2016 and 2022, will experience the most notable growth.
The market is further divided into Processor, Analog IC, Discrete Power Device, Sensor, Memory Device, and Lighting Device based on Component. Discrete power devices and memory devices are the two automotive semiconductor market segments that are expanding at the fastest rates. The growing electrification of important automotive applications, like the powertrain, is what's causing the market share for discrete power devices to grow so quickly. This increased electrification is also increasing demand for power components like MOSFETs and IGBTs. However, the demand for improved safety and cutting-edge features in cars is driving the need for more memory devices per car to programme the various control systems into an autonomous one.
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Automotive Semiconductor Market Key Players
• 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)
• Analog Devices Inc. (U.S.)
• NVidia Corporation
• Intel Corporation
• Microchip Technology Inc.
• Entegris
• Sanmina
• Wafer Space
• Lattice Semiconductor
• Semtech
• GEO Semiconductor, Inc.
• indie Semiconductor
Key questions answered in the Automotive Semiconductor Market are:
- What is Automotive Semiconductor?
- Who held the largest market share in Automotive Semiconductor Market?
- What are the major drivers of the Automotive Semiconductor Market?
- What are the Automotive Semiconductor Market segments?
- What factors are expected to challenge the market growth during the forecast period?
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Key Offerings:
- Market Share, Size Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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