Automotive Semiconductor Market Growing at 10.1% CAGR to Hit USD 153.86 Bn | Growth, Share Analysis, Company Profiles
Automotive Semiconductor Industry
PORTLAND, OREGAON, UNITED STATES, November 21, 2023 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, Memory, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Propulsion Type (Internal combustion engine, Electric) and Application (Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global automotive semiconductor industry generated $59.68 billion in 2022, and is anticipated to generate $153.86 billion by 2032, witnessing a CAGR of 10.1% from 2023 to 2032.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/14846
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
Factors such as Rise in adoption of electric and hybrid vehicles, surge demand for advanced vehicle safety and comfort systems, and intervention of innovative technologies for advanced user interface (UI) boost the growth of the automotive semiconductor market. However, operational failures in extreme climatic conditions and challenges posed by the worldwide chip shortage are anticipated to hinder market growth. On the other hand, increase in demand for advanced power semiconductors for enhanced performance and operational efficiency and rise of autonomous vehicles provide a remarkable growth opportunity for the market players operating in the market.
๐๐ก๐ ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on vehicle type, the passenger car segment held the highest market share in 2022, accounting for nearly four-fifth of the global automotive semiconductor market revenue and is estimated to maintain its leadership status throughout the forecast period, owning to increased number of passenger EV and the development of advance technology for driver assistance entertainment and other purposes. However, the heavy commercial vehicle segment is projected to manifest the highest CAGR of 12.0% from 2023 to 2032, owing to the adoption of autonomous functions such as unloading, monitoring loaded goods, and others in heavy commercial vehicles.
๐๐ก๐ ๐๐ง๐๐ฅ๐จ๐ ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on component, the analog IC held the highest market share in 2022, accounting for more than one fourth of the global automotive semiconductor market size revenue and is estimated to maintain its leadeยญrship status throughout the forecast period owning to its ability to fulfill wide range of automotive applications. However, the sensor segment is projected to manifest the highest CAGR of 11.5% from 2023 to 2032, as the advance automated features such as sleep detection, autonomous driving, and others installed in vehicle.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-semiconductor-market/purchase-option
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global automotive semiconductor market revenue and is estimated to maintain its leadership status throughout the forecast period. Also, same segment is projected to manifest the highest CAGR of 10.8% from 2023 to 2032. This is owning to the China's remarkable growth through its rapid adoption of electric vehicles and autonomous driving technologies.
๐๐ก๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ง๐๐จ๐ญ๐๐ข๐ง๐ฆ๐๐ง๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on application, the telematics and infotainment segment accounted for the largest share in 2022, contributing to nearly one-third of the global automotive semiconductor market revenue, and is estimated to maintain its leadership status throughout the forecast period, owning to the rise of IoT and AI in automobile infotainment. However, the safety segment is projected to manifest the highest CAGR of 11.0% from 2023 to 2032, owing to the improvement of road safety standards legislation and consumer awareness.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Analog Devices, Inc.
Infineon Technologies AG
Micron Technology, inc.
NXP Semiconductors
Semiconductor Components Industries, LLC. (ON Semiconductor)
Renesas Electronics Corporation
Robert Bosch GmbH
ROHM Co., Ltd.
STMicroelectronics
Texas Instruments Incorporated
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/14846
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David Correa
Allied Market Research
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