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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $53.6 billion by 2025 with a CAGR of 8% to 10% from 2020 to 2025. 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"
To download report brochure, please go to https://www.lucintel.com/automotive-semiconductor-market.aspx and click "report brochure" tab
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.
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 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 2020-2025: 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 2014 to 2025):
Microcontrollers
Integrated Circuits
Sensors
Discrete Power
Others
By Vehicle Type ($ Million from 2014 to 2025):
Small Cars
Compact Cars
Mid-Size Cars
Large Cars
SUVs & Crossovers
MPVs
Pickups
HCVs
Electric Vehicles
Others
By Application ($ Million from 2014 to 2025):
Powertrain
Safety
Driver Information Systems
Body Electronics
Chassis
Networking/Communication
By Engine Type ($ Million from 2014 to 2025):
ICE Vehicles
Electric Vehicles
By Region ($ million from 2014 to 2025):
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
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 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.