WESTFORD, Mass., July 17,
2024 /PRNewswire/ -- According to SkyQuest, the
global Automotive Semiconductor Market size was valued at
USD 43.26 billion in 2022 and is
poised to grow from USD 46.8 billion
in 2023 to USD 87.2 billion by 2031,
growing at a CAGR of 8.1% in the forecast period (2024-2031).
The dynamic car semiconductor market centers on generating and
sharing semiconductors intentionally made for application in motor
vehicles. This type of semiconductors is indispensable in fueling
the several electronic components contained in motor vehicles such
as infotainment systems, engine control units, advanced driver
assistance systems (ADAS) etc. Significance for the market is
derived from it being at the center stage of an on-going digital
revolution in the automobile sector that has led to a growing need
for automation, top-range technologies and interconnection. Many
aspects have fueled the growth and importance of the global
automotive semiconductor market.
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overview:
https://www.skyquestt.com/sample-request/automotive-semiconductor-market
Automotive Semiconductor Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$46.8
Billion
|
Estimated Value by
2031
|
$87.2
Billion
|
Growth Rate
|
Poised to grow at a
CAGR of 8.1%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Component, Vehicle
Type, Fuel Type, Application and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Importance of
infotainment systems, engine control units, and ADAS
|
Key Market
Opportunities
|
Improving operational
efficiency through semiconductor-driven fleet management
systems
|
Key Market
Drivers
|
Ongoing digitalization
of vehicle's safety and user experience
|
Segments covered in Automotive Semiconductor
Market are as follows:
- Component
- Processor (Microprocessor Unit, Microcontroller Unit,
Digital Signal Processor, Graphic Processing Unit), Discrete Power
(Small Signal Transistor, Power Transitor, Thyristor, Rectifier and
Diode), Sensor (Image Sensor {Complementary Metal Oxide
Semiconductor[CMOS] Image Sensor, Charged Couple Device[CCD]},
Pressure Sensor, Inertial Sensor { Accelerometer, Gyroscope},
Temperature Sensor, Radar), Memory (Memory Modules {Dynamic RAM,
Static RAM}), Analog IC (Amplifier, Interface, Convertor,
Comparator, Asic and Assp, Logic IC, and Infotainment System,
Telematics Solution & Connectivity Device), Lighting Device,
Others
- Vehicle Type
- Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy
Commercial (HCV)
- Fuel Type
- Gasoline, Diesel, EV (Hybrid Electric Vehicle {HEV}, plug
in hybrid electric vehicle {PHEV} battery electric vehicle
{BEV})
- Application
- Chassis (Brakes, Steering, Traction Control, Suspension, and
Vehicle Dynamic Management), Powertrain (Engine Control, EV
Motor, and Transmission), Safety (Airbags, Electronic Stability
Control, Adaptive Cruise Control, Night Vision, TPMS, and Parking
Assistance), Telematics & Infotainment (Dashboard, Navigation
System, Connectivity Devices, and Audio Video Systems), Body
Electronics (Body Control Modules, SETA, Doors, Mirror and Window
Control, and HVAC System)
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report:
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In-Depth Look at the Semiconductor-Driven Transformation of
Passenger and Commercial Vehicles
Vehicles are divided into three categories by the worldwide
automotive semiconductor market: passenger automobiles, light
commercial vehicles, and heavy commercial vehicles. Passenger cars
monopolize the market here due to the high demand for infotainment
and Advanced Driver-Assistance Systems (ADAS). Substantial
contributions are also made by both light and heavy commercial
vehicles attributable to fleet management regulations and safety
measures integration.
The global automotive semiconductor market is led by the
passenger car sector due to rising customer demand for connection
features, infotainment, and advanced driver assistance systems
(ADAS). The market's expansion and technology's advancement would
not succeed without the support of such semiconductors that
increase vehicle efficiency, safety, and user experience.
The integration of safety technologies and fleet management
systems propels the commercial vehicle segment, which has a
substantial impact on the worldwide automotive semiconductor
industry. In the field of commercial transportation, these chips
are to operational efficiency, ensure automobile safety and improve
logistics which are all important for expanding market as well as
promoting innovation.
View report summary and Table of Contents
(TOC):
https://www.skyquestt.com/report/automotive-semiconductor-market
Crucial Impact of Automotive Semiconductor Applications on
Vehicle Innovation
Applications for engine control units, entertainment systems,
advanced driver assistance systems (ADAS), and networking solutions
are all included in the worldwide automotive semiconductor
industry. These applications could help in enhancing the user
experience, efficiency and safety of vehicles. They do this by
driving technological advances encouraging market growth and
meeting the increased consumer demand for safer and more
intelligent cars.
In the worldwide automotive semiconductor industry, the body
electronics category is crucial since it includes systems like
keyless entry, lighting, and climate control. These semiconductors
increase the ease, safety and comfort found in vehicles. This trend
mainly emanates from the fact that more modern cars have more of
them; thus, the demand for stirring automotive electronics.
As it makes communication, entertainment, and navigation
services in cars possible, the telematics and infotainment category
are vital to the worldwide automotive semiconductor business. These
chips promote safe driving and improve quality of experience by
enabling wireless connectivity, movie streaming etc., GPS
navigation. Furthermore, they enhance cutting-edge automotive
technology growth to meet ever increasing customer needs.
Silicon Drives Vehicle Innovation and Safety Across Passenger
and Commercial Vehicles
Thanks to the strong need for infotainment systems, engine
control units, advanced driver assistance systems, and networking
solutions, the global automotive semiconductor industry is leading
the way in automotive innovation. These chips are vital for
perpetual digital revolution within the automotive industry as they
enhance vehicle fuel economy, security, and comfort of operation.
The anticipated market growth shall be based on emphasis on
passenger cars and growing obligations for commercial vehicles
including fleet management integration and safety enhancements. The
market adjusts to meet the growing demands of consumers for
connected, safe, and efficient vehicles as technology advances.
Related Reports:
Automotive Memory Chips Market
Automotive Microcontroller Units (MCUs) Market
Automotive Electronics Market
Automotive Power Electronics Market
Automotive Cockpit Electronics Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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