Integrated Circuits Is Expected To Remain The Largest Segment In The Global Automotive Semiconductor Market

By Author: Lucintel LLC
Total Articles: 4172
Comment this article

According to the recent study the automotive semiconductor market is projected to reach an estimated $76.1 billion by 2027 from $33.7 billion in 2021, at a CAGR of 14.6% from 2021 to 2027. Growth in this market is primarily driven by increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Browse 145 figures / charts and 121 tables in this 253 -page report to understand trends, opportunities and forecast in automotive semiconductor market 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, HCVs, electric vehicles, and others), application type (powertrain, chassis, safety, networking/communication, body electronics, and driver information systems), engine type (ICE vehicles and electric vehicles) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/automotive-semiconductor-market.aspx

“Integrated ...
... circuits market is expected to remain the largest segment during the forecast period.”
Based on component type, the automotive semiconductor market is segmented into microcontrollers, integrated circuits, sensors, discrete power, and others. Lucintel forecasts that the integrated circuits market is expected to remain the largest segment due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
“Asia pacific will dominate the automotive semiconductor market in near future.”
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-semiconductor-market.aspx
Major players of automotive semiconductor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NXP Semiconductor. Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor are among the major automotive semiconductor providers.
This unique 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 click on this link https://www.lucintel.com/automotive-semiconductor-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Automotive ADAS Market:
For more details click here https://www.lucintel.com/automotive-adas-market.aspx

Automotive Display System Market:
For more details click here https://www.lucintel.com/automotive-display-system-market.aspx

Automotive Seat Massage System Market:
For more details click here https://www.lucintel.com/automotive-seat-massage-system-market.aspx

Automotive Seat Heater Market:
For more details click here https://www.lucintel.com/automotive-seat-heater-market.aspx

Automotive Power Distribution Box Market:
For more details click here https://www.lucintel.com/automotive-power-distribution-box-market.aspx

Automotive Camera Market:
For more details click here https://www.lucintel.com/automotive-camera-market.aspx

Automotive HMI Market:
For more details click here https://www.lucintel.com/phenolic-insulation-market.aspx

Wireless Electric Vehicle Charging System Market:
For more details click here https://www.lucintel.com/wireless-electric-vehicle-charging-system-market.aspx

Automotive Parking Assistance System Market:
For more details click here https://www.lucintel.com/automotive-parking-assistance-system-market.aspx

Automotive Millimeter- Wave Radar IC Market:
For more details click here https://www.lucintel.com/automotive-millimeter-wave-radar-ic-market.aspx