According to a new market report published by
Lucintel, the 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.
In this market, various semiconductor
components, such as microcontrollers, integrated circuits, sensors, and discrete
power, are used in the automotive electronics industry. On the basis of its
comprehensive research, 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.
Powertrain, safety, driver information systems,
body electronics chassis, and networking/communication are the
major applications for automotive semiconductors. 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.
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.
Emerging trends, which have a direct impact on
the dynamics of the 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
are the major semiconductor manufacturers in the global automotive semiconductor
market.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global automotive semiconductor market by component type,
vehicle type, application, engine type and by region. Lucintel has compiled 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
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global automotive semiconductor market by
component type, vehicle type, application type, engine type 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
o
USA
o
Canada
o
Mexico
- Europe
o
United Kingdom
o
Russia
o
France
o
Germany
o
Spain
- Asia Pacific
o
China
o
India
o
Japan
o
Indonesia
o
South Korea
- The Rest of the World
o
Brazil
o
Argentina
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 email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
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 automotive
semiconductor market 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 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
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
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