New Research: Lucintel Predicts a Bright Future for the Automotive Semiconductor Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Automotive Semiconductor Industry”?
This market report for automotive semiconductor identifies and predicts future opportunities for growth in the global automotive semiconductor industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for automotive semiconductor in the passenger cars, commercial, and electric vehicles.
According to Lucintel’s market report, 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. Some of the dominant players in the global automotive plastics market are NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions and others.
There are some interesting developments in the global automotive semiconductor market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the introduction of high-efficiency power semiconductors and development of smaller single–chips for radar sensors.
Read more about this report at

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