Dallas, TX -- (SBWire) -- 11/16/2018 --According to a new market report published by Lucintel, future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to reach an estimated $67.5 billion by 2023 with a CAGR of 13.1% from 2018 to 2023. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Browse 121 market data tables and 145 figures spread through 253 pages and in-depth TOC on "Global Automotive Semiconductor Market"
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In this market, different types of automotive semiconductor grades such as microcontrollers, integrated circuits, sensors, discrete power, and others are used as component type. Lucintel forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production. The automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
Lucintel forecasts that the powertrain and safety application will show above average growth during the forecast period due to the stringent government regulations for reduced vehicle emissions, and increased passenger safety.
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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
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Emerging trends, which have a direct impact on the dynamics of the automotive semiconductor industry, include the introduction of high efficiency power semiconductors, and development of smaller single–chips for radar sensors. NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions and others are among the major automotive semiconductor manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive semiconductor market by application, product type, aspect ratio, end use industry, and region and has come up with a comprehensive research report entitled "Growth Opportunities in the Global Automotive Semiconductor Market 2018-2023: Trends, Forecast, and Opportunity Analysis." The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive semiconductor market by application, product type, aspect ratio, end use industry, and region as follows:
By Component Type ($ Million from 2012 to 2023):
- Microcontrollers
- Integrated Circuits
- Sensors
- Discrete Power
- Others
By Vehicle Type ($ Million from 2012 to 2023):
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUVs & Crossovers
- MPVs
- Pickups
- HCVs
- Electric Vehicles
- Others
By Application ($ Million from 2012 to 2023):
- Powertrain
- Safety
- Driver Information Systems
- Body Electronics
- Chassis
- Networking/Communication
By Engine Type ($ Million from 2012 to 2023):
- ICE Vehicles
- Electric Vehicles
By Region ($ million from 2012 to 2023):
- North America
– United States
– Canada
– Mexico
- Europe
– Germany
– Spain
– United Kingdom
– Russia
– France
- Asia Pacific
– China
– India
– Japan
– Indonesia
– South Korea
- The Rest of the World
– Brazil
– Argentina
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This 253-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-semiconductor-market.aspx or mailto:helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive semiconductor market to 2023 by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-Size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application type (Powertrain, safety, driver information systems, body electronics chassis, and networking/communication), engine type (ICE vehicles and electric vehicles) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
The Global Automotive Semiconductor Market Is Expected to Reach $67.5 Billion by 2023