application type, engine type

zhouyueyue · 09-08-2019 09:27:08

According to a new market report published by Lucintel Cheap Bob Cousy Jersey , the future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to reach an estimated $67.5 billion by 2023 with a CAGR of 13.1% from 2018 to 2023. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
In this market, various semiconductor components, such as microcontrollers, integrated circuits, sensors Cheap Dennis Johnson Jersey , and discrete power, are used in the automotive electronics industry. On the basis of its comprehensive research, Lucintel forecasts that integrated circuits is expected to remain the largest component type 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.
Powertrain, safety, driver information systems, body electronics chassis, and networkingcommunication are the major applications for automotive semiconductors. Lucintel forecasts that the powertrain and safety application will show above average growth during the forecast period due to the stringent government regulations for reduced vehicle emissions Cheap Red Auerbach Jersey , and increased passenger safety.

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of high efficiency power semiconductors, and development of smaller single鈥揷hips for radar sensors. NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch Cheap Walter Brown Jersey , On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions are the major semiconductor manufacturers in the global automotive semiconductor market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive semiconductor market by component type, vehicle type, application, engine type and by region. Lucintel has compiled a comprehensive research report entitled 鈥淕rowth Opportunities in the Global Automotive Semiconductor Market 2018-2023: Trends Cheap Robert Parish Jersey , Forecast, and Opportunity Analysis.鈥?The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive semiconductor market by component type, vehicle type, application type, engine type and region, as follows:

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