BANGALORE, India, Sept. 28, 2021 /PRNewswire/ -- The Automotive Semiconductor Market is Segmented by Type (Processor, Analog IC, Discrete Power, Sensor, Memory), Application (Passenger, LCV, HCV). The report covers global opportunity analysis and industry forecasts from 2021to 2027. It is published in Valuates Reports under Electronic Components Category.
The global Automotive Semiconductor market size is projected to reach USD 42140 Million by 2027, from USD 31430 Million in 2020, at a CAGR of 3.8% during the forecast period 2021-2027.
Major Factors Driving The Growth Of The Global Automotive Semiconductor
Increasing vehicle production is leading to the rise in demand for automotive semiconductors. Furthermore, the expanding trend of vehicle electrification is fueling the Automotive Semiconductor market growth.
Rising Demand for Advanced Safety and Comfort Systems is expected to further propel the Automotive Semiconductor market growth.
Cars are increasingly incorporating technology that improves their connectivity. Semiconductors allow cars to stay connected in real-time. Thus the increasing number of connected cars is expected to drive the Automotive Semiconductor market growth.
Trends Influencing The Growth Of The Automotive Semiconductor Industry
The increasing manufacturing of electric vehicles around the world is one of the primary reasons driving the global automotive semiconductor industry. Furthermore, the increased automotive production is assisting market expansion. For example, the number of automotive users is fast expanding, which may contribute to an increase in semiconductor demand for vehicle production.
Moreover, the growing demand for safety and security requirements would boost the global automotive semiconductor market's growth over the forecast period. The integration of semiconductor technology enables intelligent features such as backup cameras, blind-spot detection, adaptive cruise control, lane change aid, airbag deployment, and emergency braking systems.
Cars are progressively adding connectivity-enhancing technology. New automobiles on the market include more advanced telematics (long-distance data transmission) and infotainment features that provide drivers with information on things like road closures, collision avoidance, and even available parking spaces at their destination. The onboard processors that process this data must process millions of lines of code each second. Semiconductors allow automobiles to communicate in real-time. As a result, the Automotive Semiconductor market is likely to benefit from the future of connected and autonomous vehicles.
The sensors segment is expected to be the most lucrative. Sensors are increasingly being used in car electrification, transmission systems, Light Detection and Ranging (LiDAR), engines, cameras, and safety systems. Furthermore, semiconductors make it easier to process data collected by automobile sensors so that real-time driving decisions can be made, which is projected to drive market expansion.
Passenger cars are expected to be the most lucrative during the forecast period. The high demand for passenger automobiles around the world, particularly in Asia-Oceania, is to blame for this growth. In nations such as China, India, Thailand, Indonesia, and Malaysia, for example, expanding middle-class populations and improved disposable income have driven demand for passenger automobiles
The Asia Pacific region is expected to be the most lucrative during the forecast period. With the majority of the market share in terms of car production and sales, the region has emerged as a key automotive hub. The key driver of this trend is China's expanding car market. This market has grown to become the world's largest vehicle manufacturer and, as a result, the greatest consumer of automotive semiconductors.
Over 80% of notebook computer shipments worldwide are made by Taiwanese ODMs (Original Design Manufacturers). They also offer prototype product development and design services. Taiwan will be able to establish a full semiconductor supply chain in-house, including design, manufacturing, packaging, and testing skills. Taiwan's prominence as a major hardware hub is becoming even more obvious in the wake of the coronavirus outbreak and accompanying supply chain disruptions. Chip shortages have an influence on both the semiconductor and notebook PC businesses.
With their proprietary methods and technology, U.S., Japanese, and European firms continue to dominate the global semiconductor equipment market, which has relatively high entry hurdles. The Chinese semiconductor industry will be severely harmed as a result of US semiconductor export regulations. This report provides an overview of the trade conflict between the United States and China since 2018, analyses the impact on China's, the United States, and Taiwan's semiconductor industries, outlines China's possible countermeasures against the conflict, and considers potential opportunities if the conflict continues.
The global semiconductor market has stagnated as consumer electronics have matured. The industry has seen a number of mergers and acquisitions recently, indicating that the market is undergoing an upheaval. The Chinese government has made little attempt to improve and develop its own semiconductor supply chain, which is becoming more mature and putting pressure on its global competitors, including Taiwan. This research investigates the cross-strait semiconductor market; examines the important features and trends noticed in the semiconductor market; and gives an overview of global, Chinese, and Taiwanese semiconductor industry advancements, including IC design, foundry, and testing & packaging sectors.
Following the implementation of the United States' Foreign Direct Product Rule, Huawei is no longer able to get processors from outside the country, putting its smartphone business in jeopardy. As a result, Huawei announced on November 17, 2020, that it would sell its smartphone brand Honor. This paper examines Honor's future intentions and Huawei's likely plans for Hisilicon, Huawei's semiconductor arm, as well as the smartphone and mobile CPU markets in 2021 and beyond.
According to the research, the Taiwanese IC packaging and testing business, or OSAT (Outsourced Semiconductor Assembly and Testing), had a shipment value of USD4.8 billion in the fourth quarter of 2020, up over 4% sequentially and 10.6% year-on-year. The growth of the Taiwanese industry in the first half of 2020 was better than the same period in 2019, owing mostly to order a transfer by IDMs (Integrated Device Manufacturers) due to city lockdowns across the world.
This report begins with the current development of the TWS market, followed by an analysis of the trends in the TWS application IC industry, and examines some leading IC design houses' deployment in the TWS market.
- In 2020, the global Power Semiconductor market size was USD 43750 Million and it is expected to reach USD 62800 Million by the end of 2027, with a CAGR of 5.3% during 2021-2027.
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