Market Research Report
Asia Pacific Automotive Semiconductor Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||553393|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Asia Pacific Automotive Semiconductor Market Forecast 2019-2027|
|Published: May 20, 2019||Content info: 102 Pages||
The Asia-Pacific automotive semiconductor market is expected to hold the biggest share of the global market by rising at a CAGR of 6.77% and generating $xx million by the end of the forecast period of 2019-2027. As a result of various factors such as low production cost, easy availability of economic labour, lenient emission & safety norms, and government initiatives for foreign direct investments (FDI), the region has witnessed considerable growth over the past few years.
The market in the Asia Pacific is expected to grow at a considerable rate, owing to the growing demand for comfort and control, better safety and entertainment features, and infotainment applications. India, China, Japan, South Korea, Australia and the Rest of APAC is considered for the market study. The flourishing Chinese market is a major factor responsible for the prosperity of this region. Also, the developing economies of this region are implementing policies that are highly conducive for the global automobile manufacturers who are contemplating to shift their manufacturing units in this region. However, the rising costs of the vehicles might act as a restraining factor for the market.
The noted players in the market include Renesas Electronics Corporation, STMicroelectronics N.V., Sensata Technologies Holding N.V., Infineon Technologies AG, NXP Semiconductors N.V., ON Semiconductor Corporation, Analog Devices, Inc., Robert Bosch, Toshiba Corporation, Rohm Co., Ltd., Melexis N.V., Texas Instruments Incorporated, and others.