The automotive semiconductor market was valued at USD 32.46 billion in 2015 and is expected to reach USD 48.78 billion by 2022, at a CAGR of 5.8% between 2016 and 2022. The most significant factor driving the automotive semiconductor market is the increasing vehicle production which, in turn, is leading to the rise in demand for automotive semiconductors. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the semiconductor content in the automobiles. Growth of the automotive semiconductor market is directly linked with the growth of the automotive industry. Complete report on automotive semiconductor market spread across 188 pages, profiling 10 companies and supported with 71 tables and 71 figures is now available at http://www.rnrmarketresearch.com/automotive-semiconductor-market-by-component-processor-analog-ic-discrete-power-sensor-memory-vehicle-type-fuel-type-application-powertrain-safety-body-electronics-chassis-telematics-and-infotainme-st-to-2022-market-report.html .
The fastest-growing applications and the major consumers of the semiconductor content in a vehicle are telemetric & infotainment, power train, and safety. The strict standards and regulations are the generating more demand for semiconductor component in the safety and power train applications. On the other hand, the growing competition among the vehicle manufacturers to provide better convenience and comfort to their customers is forcing the automobile manufacturers to use more and more semiconductor components for safety and telematics and infotainment applications.
Discrete power devices is the fastest and memory devices is the second fastest-growing component of the automotive semiconductor market. The reason behind this sharp growth in the automotive semiconductor market share of the discrete power devices is due to the ongoing electrification of the major applications of the automobile such as power train, which is generating more demand for power components such as MOSFET and IGBT. The requirement of the better safety and advanced features in the automobile is giving rise to the necessity of more memory devices per vehicle to program the various control systems into an autonomous one.
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The automotive market in the U.S. is inclined towards SUVs and light trucks, owing to their off-road capabilities and better traction in changing weather conditions. The rise in domestic demand has prompted OEMs to invest in expanding production, which has had a direct impact on the automotive semiconductor market. Depreciated oil prices, strict government regulations, rapid technological advancements, and consumption of mainly premium cars are the factors making North America as the fastest-growing region of the automotive semiconductor market.
The major players in automotive semiconductor market include NXP Semiconductors N.V. (Netherlands), Rennes’s Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) among others. Emergence of new concept vehicles such as autonomous cars and connected cars would act as the captivating imperative for the existing players as well as the new entrants. Priced at $4650 for a single user PDF, Inquire Before Buying on “Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, & Memory), Vehicle Type, Fuel Type, Application (Powertrain, Safety, Body Electronics, Chassis, & Telematics and Infotainment), & Geography - Global Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=506297 .
On a related note, another research titled Automotive Camera & Camera Module Market Global Forecast to 2020 says, the North American camera & camera module market in terms of value is projected to grow at the highest CAGR of 12.4% from 2015 to 2020. The lane departure warning segment is projected to grow at the highest CAGR of 15.4% during the forecast period. Companies like Robert Bosch GmBH (Germany), Delphi Automotive PLC (U.K.), AutolivInc (Sweden), Valeo (France), and Continental AG (Germany) have been profiled in this 233 pages research report available at http://www.rnrmarketresearch.com/automotive-camera-camera-module-market-by-application-ldw-acc-bsd-nvs-dms-pas-pds-rsr-technology-digital-thermal-infrared-vehicle-type-pc-cv-off-highway-vehicle-type-loaders-excavators-articulate-dump-truck-and-by-region-glob-market-report.html .
Explore more reports on Automotive Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/automotive-electronics .
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