Semiconductor Chips For Automotive Market

Semiconductor Chips For Automotive Market by Type (Analog Ics, Microcontrollers & Microprocessors, Memory,Others) by Application (Telematics & Infotainment, Body Electronics, Safety,Others) by Vehicle Type (Passenger Vehicles, Commercial Vehicles) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Semiconductor Chips For Automotive in terms of revenue?

    The global Semiconductor Chips For Automotive valued at 19.48 Billion in 2020 and is expected to reach 32.81 Billion in 2028 growing at a CAGR of 7.51%%

  • Which are the prominent players in the market?

    The prominent players in the market are Texas Instruments Inc., NXP Semiconductors, STMicroelectronics N.V., Microchip Technology Inc., Infineon Technologies AG, NVIDIA CORPORATION, Micron Technology, Inc., ON Semiconductor, Renesas Electronics, Maxim Integrated Products, Inc..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 7.51%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Semiconductor Chips For Automotive include

    • The increasing demand ADAS in vehicles along with smart parking systems are anticipated to augment the growth of semiconductor chips for automotive market within the forecast period. The increasing adoption of ADAS owing to the advancement in technologies such as software algorithms, sensors, cameras, processors, and mapping that needs a chip for its integration with each other has improved the applicability of ADAS in vehicles and is expected to fuel the growth of the semiconductor chips for automotive market in the years to come.
    • Furthermore, the increasing awareness shared connectivity & mobility and increasing autonomous vehicle demand is also expected to augment the growth of the semiconductor chips for automotive market.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Semiconductor Chips For Automotive in 2020.

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