Market Research Report
EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||553394|
|Published||Content info||89 Pages
Delivery time: 1-2 business days
|EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST 2018-2026|
|Published: May 7, 2018||Content info: 89 Pages||
The Europe automotive semiconductor market is poised to grow at a CAGR of 5.74%, over the forecast period of 2018-2026, increasing its net worth from $xx million in 2017 to $xx million by 2026. The automotive industry sector in Europe is the largest private investor in R&D and employs around 12 million people.
The increasing safety and security needs, high production volumes of automobiles, growing trend of vehicle electrification and increasing demand for safety, convenience, and comfort systems are some of the key drivers propelling the market ahead. The Europe automotive semiconductor market segments include the components, fuel types, and vehicle types. Although the prospects look goods, factors such as the possible hacking and tampering of control units and software, maintenance of balance between cost and quality of the product and continuous depreciation of oil prices are proving to be challenging for the market.
Toshiba technologies, Sensata Technologies Holding N.V, Robert Bosch SDN BHD, Rohm Co., Ltd, Renesas Electronics Corporation, Infineon Technologies Ag, STMicroelectronics N.V, and others are some of the well-known market players in this region.