DUBLIN--(BUSINESS WIRE)--The "Global Automotive Semiconductor Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

This report infers that the global automotive semiconductor market is forecasted to witness growth at a CAGR of 6.3% during the period of 2021-2028.

Factors such as the rising need for autonomous features in cars, coupled with the increasing need for function in electronic control units, are widening the growth of the automotive semiconductor market.

Additionally, the rising adoption of electric vehicles and a significant shift towards technological trends are opening new avenues for manufacturers in the automotive semiconductor market. However, high regulations and a shortage of semiconductors are expected to limit the global market's future growth.

Market Dynamics

  • Drivers
    • Growing Need for Autonomous Features in Cars
    • Increasing Need for Functions in Electronic Control Unit (ECU)
    • Rising Need for Connected Cars
  • Challenges
    • Rising Cost of Automotive
    • High Regulations
    • Shortage of Semiconductor Chips
  • Opportunities
    • Growing Trend for Electric Vehicles
    • Major Shift Towards Technology Trends

Regional Outlook

Globally, North America is anticipated to emerge as the fastest-growing region in the automotive semiconductor market over the forecast period. This robust growth can be attributed to the rise in demand for commercial vehicles, especially in the US. Moreover, the increase in automated safety technologies, coupled with an upsurge in EV production, has strengthened the studied market's growth.

Further, the ever-increasing adoption of light commercial vehicles and passenger cars is likely to influence the implementation of autonomous features. Hence, such factors are amplifying the demand for semiconductors, in turn, fueling the growth of the automotive semiconductor market.

Key Topics Covered

1. Global Automotive Semiconductor Market - Summary

2. Industry Outlook

2.1. Impact of COVID-19 on Automotive Semiconductor Market

2.2. Key Insights

2.2.1. Asia-Pacific Secures Largest Market Share

2.2.2. Rising Need for Advanced Driver Assistance Systems (ADAS) for Automotive

2.2.3. Requirement of Safety Features in Automotive

2.3. Porter's Five Forces Analysis

2.3.1. Threat of New Entrants

2.3.2. Threat of Substitutes

2.3.3. Bargaining Power of Buyers

2.3.4. Bargaining Power of Suppliers

2.3.5. Threat of Competitive Rivalry

2.4. Market Attractiveness Index

2.5. Vendor Scorecard

2.6. Key Impact Analysis

2.6.1. Value to Customer

2.6.2. Time-To-Market

2.6.3. Reputation of the Sellers/Manufacturers

2.7. Key Market Strategies

2.7.1. Acquisitions

2.7.2. Product Launches

2.7.3. Contracts & Partnerships

2.7.4. Business Expansions & Divestitures

2.8. Market Drivers

2.9. Market Challenges

2.10. Market Opportunities

3. Global Automotive Semiconductor Market Outlook - by Type of Vehicle

3.1. Passenger Cars

3.2. Light Commercial Vehicles (LCVs)

3.3. Heavy Commercial Vehicles (HCVs)

4. Global Automotive Semiconductor Market Outlook - by Type of Fuel

4.1. Gasoline

4.2. Diesel

4.3. Electric/Hybrid

5. Global Automotive Semiconductor Market Outlook - by Application

5.1. Advanced Driver Assistance Systems

5.2. Body Electronics

5.3. Infotainment

5.4. Powertrain

5.5. Safety Systems

6. Global Automotive Semiconductor Market Outlook - by Components

6.1. Processors

6.2. Analog ICs

6.3. Discrete Power Devices

6.4. Sensors

6.4.1. LED

6.4.2. Image Sensor

6.4.3. Position Sensor

6.4.4. Temperature Sensor

6.4.5. Pressure Sensor

6.4.6. Other Sensor Types

6.5. Memory Devices

6.5.1. DRAM

6.5.2. Flash

6.6. Lighting Devices

7. Global Automotive Semiconductor Market - Regional Outlook

7.1. North America

7.2. Europe

7.3. Asia-Pacific

7.4. Latin America

7.5. Middle East & Africa

8. Competitive Landscape

8.1. Analog Devices Inc.

8.2. Infineon Technologies AG

8.3. Intel Corporation

8.4. Microchip Technology Incorporated

8.5. Micron Technology Inc.

8.6. NXP Semiconductors N.V.

8.7. On Semiconductor Corporation

8.8. Renesas Electronics Corporation

8.9. Robert Bosch GmbH

8.10. Rohm Co. Ltd.

8.11. Samsung Electronics Co. Ltd.

8.12. STMicroelectronics N.V.

8.13. Texas Instruments Incorporated

8.14. Toshiba Corporation

8.15. Qualcomm Technologies Inc.

For more information about this report visit https://www.researchandmarkets.com/r/3ryi52

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