The Business Research Company’s Automotive Semiconductor Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Semiconductor Global Market Report 2023 evaluates automotive semiconductor market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The automotive semiconductor market reached a value of nearly $41,843.74 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.6% since 2016. The market is expected to grow from $41,843.74 million in 2021 to $72,524.05 million in 2026 at a rate of 11.6%. The market is then expected to grow at a CAGR of 11.1% from 2026 and reach $122,647.21 million in 2031.
The increasing popularity of autonomous vehicles is expected to propel the growth of the automotive semiconductor market going forward. Autonomous vehicles are self-driving cars that require semiconductor chips, which are more efficient, enable rapid performance within vehicle systems and allow the execution of complex software. For example, in September 2022, according to Nissan Motor Co. Ltd., a Japan-based automotive manufacturer, 55% of small businesses believe that they are going to have a fully autonomous fleet in the next two decades. Further, in September 2022, according to Vox, a US-based journal website, in recent times, the autonomous car market is estimated to be worth $54 billion and expects it to increase tenfold in the next 5–7 years. Therefore, the increasing popularity of autonomous vehicles will drive the automotive semiconductors market during the forecast period.
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The automotive semiconductor market segments in the report are:
1) By Component: Processor; Analog IC; Discrete Power; Sensor; Memory; Other Components
2) By Application: Powertrain; Safety; Body Electronics; Chassis; Telematics And Infotainment
3) By Vehicle Type: Passenger Vehicle; Light Commercial Vehicle; Medium and Heavy Commercial Vehicle
4) By Propulsion Type: Internal Combustion Engine; Electric; Hybrid
The table of contents in TBRC’s automotive semiconductor market report includes:
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
…..
21.Global Automotive Semiconductor Market Opportunities And Strategies
22.Global Automotive Semiconductor Market In 2026 – Growth Strategies
23.Automotive Semiconductor Market, Conclusions And Recommendations
24.Appendix
25.Key Mergers and Acquisitions
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