Categories: Market Research

Automotive Semiconductor Market Size and Forecast 2024-2033|Infineon Technologies AG, STMicroelectronics N.V, Texas Instruments Inc., Renesas Electronics Corp, NXP Semiconductors N.V,

The Automotive Semiconductor by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Automotive Semiconductor Market:

https://www.thebusinessresearchcompany.com/report/automotive-semiconductor-global-market-report

According to The Business Research Company’s Automotive Semiconductor, The automotive semiconductor market size has grown rapidly in recent years. It will grow from $54.94 billion in 2023 to $61.58 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%.  The  growth in the historic period can be attributed to increase in demand for electric and hybrid vehicles, rise in disposable income, the increasing use of electronic components in the automotive industry.

The automotive semiconductor market size is expected to see rapid growth in the next few years. It will grow to $97.3 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%.  The growth in the forecast period can be attributed to the increasing popularity of autonomous vehicles, increasing government initiatives for automotive semiconductors and increasing demand for passenger cars . Major trends in the forecast period include resistive ram technology (rram), product innovations, technology advancements, strategic partnerships, and the development of new products for automotive satellite camera modules.

The increase in demand for electric and hybrid vehicles is expected to propel the growth of the automotive semiconductor market. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for EV and hybrid vehicles has increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These EV and hybrid vehicle shifts help the economy by reducing fuel costs and changing consumption from petroleum products to more locally produced power vehicles. For instance, in March 2023, according to the International Energy Agency, a France-based intergovernmental organization, the electric car market experienced exponential growth as sales surpassed 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, reflecting a substantial increase from approximately 9% in 2021. Therefore, rising demand for electric and hybrid vehicles is expected to boost demand for automotive semiconductors during the forecast period.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=7190&type=smp

The automotive semiconductor market covered in this report is segmented –

1) By Component: Processor, Analog IC, Discrete Power, Sensor, Memory, Other Components

2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle

3) By Propulsion Type: Internal Combustion Engine, Electric, Hybrid

4) By Application: Powertrain, Safety, Body Electronics, Chassis, Telematics And Infotainment

Technological innovation is a key trend gaining popularity in the automotive semiconductor market. Major companies operating in the automotive semiconductor market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation automotive semiconductor technologies into their products, such as artificial intelligence, IoT, algorithmic chips, ICs, transistors, intelligent sensors, computing, and others, making devices and applications reliable, compact, and low-cost. For instance, in September 2022, SiFive, Inc., a US-based semiconductor company, introduced the E6-A series, S7-A, and X280-A, new chip designs for digital control in automobiles. These chips work on machine learning technology and enhance the failsafe capabilities to provide an autonomous driving experience.

The automotive semiconductor market report table of contents includes:

1. Executive Summary

2. Automotive Semiconductor Market Characteristics

3. Automotive Semiconductor Market Trends And Strategies

4. Automotive Semiconductor Market – Macro Economic Scenario

5. Global Automotive Semiconductor Market Size and Growth

.

.

.

26. South America Automotive Semiconductor Market

27. Brazil Automotive Semiconductor Market

28. Middle East Automotive Semiconductor Market

29. Africa Automotive Semiconductor Market

30. Automotive Semiconductor Market Competitive Landscape And Company Profiles

Top Major Players:

  • Infineon Technologies AG
  • STMicroelectronics N.V
  • Texas Instruments Inc
  • Renesas Electronics Corp
  • NXP Semiconductors N.V

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

14 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

14 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

14 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

14 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

15 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

15 hours ago