Lucintel’s latest market report analyzed that automotive semiconductor provides attractive opportunities for passenger cars, commercial, and electric vehicles. The automotive semiconductor market is expected to reach $53.6 billion by 2025 with a CAGR of 9.2%. In this market, integrated circuit is the largest segment by component type, whereas powertrain and safety is largest by application. The introduction of high efficiency power semiconductors and development of smaller single–chips for radar sensors provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-semiconductor-market.aspx Based on component type, the automotive semiconductormarket is segmented into microcontrollers, integrated circuits, sensors, discrete power, and others. The integrated circuits segment accounted for the largest share of the market in 2020 due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production. The automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
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The automotive semiconductor market is marked by the presence of several big and small players. Some of the prominent players offering automotive semiconductor include NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions and others.
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 email@example.com.
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