Automotive Semiconductor Market
Automotive Semiconductor Market - Global Industry Assessment & Forecast
Segments Covered
- By Component Processor, Analog IC, Discrete Power Device, Sensor, Memory Device, Lighting Device
- By Vehicle Type Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
- By Fuel Type Gasoline, Diesel, Electric/Hybrid Electric Vehicle (EV/HEV)
- By Application Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 42.26 Billion |
Revenue 2030: | USD 98.80 Billion |
Revenue CAGR (2023 - 2030): | 11.20% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Automotive Semiconductor Market by Component by Vehicle Type by Fuel Type by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Automotive Semiconductor supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive Semiconductor market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Automotive Semiconductor supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive Semiconductor market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Semiconductor in terms of revenue?
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The global Automotive Semiconductor valued at USD 42.26 Billion in 2022 and is expected to reach USD 98.80 Billion in 2030 growing at a CAGR of 11.20%.
Which are the prominent players in the market?
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The prominent players in the market are Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V (Netherlands), Texas Instruments Inc. (US), Denso Corp. (Japan), Delphi Automotive PLC (UK), Standard Motor Products, Inc. (US), Honda Motor Co., Ltd (Japan), General Motors (US), Ford Motor Co. (US).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 11.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Automotive Semiconductor include
- Rapid developments in the automotive industry
Which region accounted for the largest share in the market?
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Europe was the leading regional segment of the Automotive Semiconductor in 2022.