PUBLISHER: TechNavio | PRODUCT CODE: 1261945
PUBLISHER: TechNavio | PRODUCT CODE: 1261945
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Technavio has been monitoring the automotive semiconductor market and is forecast to grow by USD 26676.35 mn during 2022-2027, accelerating at a CAGR of 8.8% during the forecast period. Our report on the automotive semiconductor market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of advanced driver assistance system (ADAS) features in vehicles, increasing electrification in vehicles, and governing bodies mandating safety regulations.
Technavio's automotive semiconductor market is segmented as below:
By Application
ByVehicle Type
By Geography
This study identifies the increasing developments in semi-autonomous and autonomous vehicles as one of the prime reasons driving the automotive semiconductor market growth during the next few years. Also, increased demand for vehicles that operate on alternative fuels and the development of remote diagnostics and prognostics for autonomous vehicles will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive semiconductor market vendors that include Allegro MicroSystems Inc., Analog Devices Inc., BorgWarner Inc., Continental AG, DENSO Corp., Elmos Semiconductor AG, Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., STMicroelectronics NV, Texas Instruments Inc., and Toshiba Corp. Also, the automotive semiconductor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
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