Semiconductor Chips For Automotive Market
Semiconductor Chips For Automotive Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0944
Segments Covered
By
Type Analog Ics, Microcontrollers & Microprocessors, Memory, Others
-
By
Application Telematics & Infotainment, Body Electronics, Safety, Others
-
By
Vehicle Type Passenger Vehicles, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
19.48 Billion |
 Revenue 2028:
|
32.81 Billion |
 Revenue CAGR
(2021 - 2028): |
7.51% |
Fastest Growing Region (2022 -
2028)
|
North America |
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: Semiconductor Chips For Automotive Market - Global Market Assessment, 2021 - 2028
The global Semiconductor Chips For Automotivemarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Semiconductor Chips For Automotive 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:
- Semiconductor Chips For Automotive market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Semiconductor Chips For Automotive 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 Semiconductor Chips For Automotive market.
FAQ
Frequently Asked Question
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.
