Automotive Semiconductor Market by Component - 2022 | MarketsandMarkets (1)

1
MarketsandMarkets Presents
Automotive Semiconductor Market worth 48.78
Billion USD by 2022 The most significant factor
driving the market is the increasing vehicle
production which, in turn, is leading to rising
demand for automotive semiconductors. Rising
trend of vehicle electrification and growing
demand for advanced safety, convenience, and
comfort systems are the other factors driving the
growth of the semiconductor content in the
automobiles.
2
Ongoing electrification of the powertrain system
generating more demand for discrete power
devices Discrete power devices is the
fastest-growing segment of the automotive
semiconductor market segmented on the basis of
components. The reason behind this sharp growth
in the market share of the discrete power devices
is due to the ongoing electrification of the
major applications of the automobile, such as
powertrain, which is generating more demand for
power components such as MOSFET and IGBT. Sample
pages of the Report http//www.marketsandmarkets
.com/requestsample.asp?id195 Passenger cars
segment occupies almost three-fourth of the
overall automotive semiconductor market Passenger
cars accounted for the largest market share in
2016. This growth can be attributed to the huge
demand for passenger cars across the globe,
especially in Asia-Oceania. The rising
middle-class population and improved disposable
income have accelerated the demand for passenger
cars in countries such as China, India, Thailand,
Indonesia, and Malaysia among others.
3
Factors such as rising cost of vehicles,
maintaining balance between cost and quality of
the product, and continuous optimization of
component size are continuously creating
challenges for the automotive semiconductor
market. Due to continuous decline of the oil
prices, the demand for gasoline and diesel
vehicles is expected to boost in the near future.
However, the growth of the alternative powertrain
vehicles can be hampered due to this
trend. Report Information http//www.marketsan
dmarkets.com/Market-Reports/automotive-semiconduct
or-195.html The Asia-Oceania region accounted
for the largest share of the total automotive
semiconductor market in 2015. The region has
emerged as a major automotive hub with majority
of the market share in terms of vehicle
production as well as sales. The primary reason
behind this trend is the growing Chinese
automotive market. This market has evolved into
the largest producer of vehicles and consequently
the largest consumer of automotive semiconductor
across the globe. Depreciated oil prices, strict
government regulations, rapid technological
advancement, and consumption of mainly premium
cars are the factors making North America as the
fastest-growing region of the automotive
semiconductor market, at an estimated CAGR of
6.5 between 2016 and 2022.
4
About MarketsandMarkets MarketsandMarkets is a
global market research and consulting company
based in the U.S. We publish strategically
analyzed market research reports and serve as a
business intelligence partner to Fortune 500
companies across the world. MarketsandMarkets
also provides multi-client reports, company
profiles, databases, and custom research
services. MM covers thirteen industry verticals,
including advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT.
5
Contact Us
ContactMr. RohanMarkets and Markets UNIT no
802, Tower no. 7, SEZMagarpatta city,
HadapsarPune, Maharashtra 411013,
India1-888-600-6441Email sales_at_marketsandmarket
s.com