Automotive Semiconductor Market Size, Share, Growth and Manufacturers Analysis 2022

The quantities of semiconductor used in various vehicles are increasing. The automotive semiconductor industry manufactured goods life cycle is long and complex, thus manufactures of automobiles are disinclined to change semiconductor suppliers, as it involves very high costs. The beginning of a smart vehicle period is expected to sharply increase the significance of automotive semiconductors. Hybrid electric carrequires approximately ten times more semiconductor parts in their making. Motor inverter is necessary to change the alternating current to direct current and vice versa; a DC/DC converter is required for managing bidirectional voltage control system; a battery supervision system is required to check the position of the battery and plug-in charger is mandatory for recharging the battery. Every utility necessitates the use of high power managing functionality which will be attained mostly with discrete components and ICS. Discharge alleviation and exhaust after treatment both require use of advance sensors for their operation.

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Technical advancements which includes self-driving cars, vehicle connectivity and interactive safety systems, are expected to drive the growth of Automotive Semiconductor industry over the forecast period. The automobile will require new skills and is expected to attract novel competitors from outer part of industry. Growing trend of mobility configuration is influencing the demand of self driven vehicle which in return is expected to propel the market over the forecast period. .Autonomous vehicles programmed not to crash are on the horizon. Moreover, combination of nonautonomous and autonomous vehicles in a same traffic mix will be a major challenge for automotive semiconductor industry. The vehicles of the prospective future will be linked and will be having ability not only to check its own operational parts and the safety surroundings around it but also be able to communicate with other vehicles and with progressively more intellectual road ways transportation. When each vehicle is expected to become a source for accepting and transferring bits of information over millions of commands, efficiency and safety should improve and automobile makers ought to be in a situation to confine the valuable data.

These Electronic advancements are expected to drive the growth of automotive industry over the forecast period. Safety guidelines are expected to fuel the implementation of ADAS technology over the forecast period. Owing to support from local authorities and supervisory bodies for enhanced safety standards, OEMs are gradually adopting ADAS applications such as Automatic Emergency Braking (AEB), Forward Collision Warning (FCW)and Lane Departure Warning (LDW) and among other technologies. The infotainment field is also expected to provide strong expansion chance over the forecast period owing to increasing demand of consumer and mobile devices. On the basis of types automotive semiconductor market can be segregated into sensor semiconductor, Logic Semiconductor, Power Semiconductor, ASSP semiconductor and Processor Semiconductor. The demand of sensor and Logic semiconductor is expected to increase owing to increasing innovations in the field of self driven vehicles. The power semiconductor is expected to capture maximum share of market over the forecast period.

The Asia Pacific region is expected to witness largest share over the forecast period, of the total automotive semiconductor industry. The Asia Pacific region has appeared as a main automotive hub in terms of the market share of vehicle production. The main cause for this drift is the increasing Chinese automotive industry. This industry has grown into the major producer of automobiles and subsequently the major consumer of automotive semiconductor around the globe. The growing middle-class population and improving disposable income had pick up the pace of demand for passenger vehicles in countries such as Thailand, India, China, and Taiwan.

Asia Pacific is expected to followed by North America and Europe. The key participants in automotive semiconductor industry are NXPI, Freescale, Bosch, ON semiconductors, Infineon, ST Micro electronics, Texas Instruments, Sensta, Renesas and Farchild Semiconductors. Nvidia and Qualcomm entered this industry to boost their revenue generation. There has been many mergers and acquisition in this industry over the forecast period. Currently he best OEMs are obtaining a digital approach for their hybrid vehicles, but in the extended run, containing digital instrument systems in every the vehicles could be a choice. So all the companies in the market including the new entrants are trying their best to innovate new products so that this demand can be catered. Over the last few years Infineon lead the market share followed by Freescale and Texas Instrument.

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