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The global automotive semiconductor market is expected to reach $45.9 billion by 2022

The global automotive semiconductor market is expected to reach $45.9 billion by 2022

Trends, opportunities and forecast in this market to 2022 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, HCV, and Sports/Unclassified), application type (Powertrain, Chassis, Safety, Networking/Communication, Body Electronics, and Driver Information Systems), fuel type (Diesel, Gasoline, and Others) and region (North America, Europe, Asia Pacific

According to a new market report published by Lucintel, the future of the global automotive semiconductor market looks good with opportunities in the passenger car and commercial vehicle segments. The global automotive semiconductor market is expected to reach an estimated $45.9 billion by 2022 and it is forecast to grow at a CAGR of 6.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, increasing semiconductor content per vehicle, growing demand for advanced vehicle safety and comfort systems, and growing government regulations regarding CO2 emissions.

This report has 129 figures/charts and 106 tables spread through 192 pages. For more detail on this report please click link http://www.lucintel.com/automotive_semiconductor_market_2017_2022.aspx

In this market, microcontrollers, integrated circuits, sensors, and discrete power are some of the major segments of automotive semiconductors. On the basis of our comprehensive research, Lucintel forecasts that the sensor and discrete power segments are expected to show above average growth during the forecast period.

Within the global automotive semiconductor market, the integrated circuits segment is expected to remain the largest market. The integrated circuit is an essential component of electronic control units. The ICs interact with one another in the system and ensure movement, information, and safety, which would spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investment by the industry players within the APAC region.

Asia Pacific and the Rest of the World are expected to witness significant growth over the forecast period because of rapidly increasing demand for semiconductors in small, compact, and mid-size cars.

For business expansion, this report suggests innovation and new product development, to produce power semiconductors which increase passenger safety, comfort, and convenience. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for customers.

Download Free PDF Report Brochure here http://www.lucintel.com/rb/automotive_semiconductor_market_2017_2022.aspx

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 N.V, Infineon Technologies AG, Renesas Electronics Corporations, ST Microelectronics, and Texas Instruments Incorporated are the major semiconductor manufacturers in the global automotive semiconductor market. Several of these companies are seeking mergers and acquisitions as strategic initiatives to drive growth.

The study includes a forecast for the global automotive semiconductor market by component type, vehicle type, application type, fuel type and region, as follows:

By component type ($ Million from 2011 to 2022)

  • Microcontrollers                               
  • Integrated Circuits                          
  • Sensors                                            
  • Discrete Power                                
  • Others                       

By vehicle type ($ Million from 2011 to 2022)

  • Small Cars                           
  • Compact Cars                                  
  • Mid-Size Cars                                  
  • Large Cars                           
  • SUV& Crossover                 
  • MPV                                      
  • Pickup                                               
  • HCV                                      
  • Sports/Unclassified Vehicles       

By application type ($ Million from 2011 to 2022)

  • Powertrain                            
  • Chassis                                
  • Safety                                    
  • Networking/Communication         
  • Body Electronics                 
  • Driver Information Systems           

By Fuel type ($ Million from 2011 to 2022)

  • Diesel   
  • Gasoline        
  • Others

By region ($ million from 2011 to 2022)

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Click here to download sample http://www.lucintel.com/ds/automotive_semiconductor_market_2017_2022.aspx

This 249-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 [email protected]

Browse related report here http://www.lucintel.com/reports/mass_transportation_market_report.aspx

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

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