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Automotive Semiconductor Market by Component, Vehicle Type, Fuel Type, Application, & Geography - Global Forecast to 2022LONDON, Sept. 20, 2016 /PRNewswire/ -- "Growth of the automotive semiconductor market is directly linked with the growth of the automotive industry" The automotive semiconductor market was valued at USD 32.46 billion in 2015 and is expected to reach USD 48.78 billion by 2022, at a CAGR of 5.8% between 2016 and 2022. The most significant factor driving the automotive semiconductor market is the increasing vehicle production which, in turn, is leading to the rise in demand for automotive semiconductors. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the semiconductor content in the automobiles. "North America expected to be the fastest-growing region of the automotive semiconductor market during the forecast period" The automotive market in the U.S. is inclined towards SUVs and light trucks, owing to their off-road capabilities and better traction in changing weather conditions. The rise in domestic demand has prompted OEMs to invest in expanding production, which has had a direct impact on the automotive semiconductor market. Depreciated oil prices, strict government regulations, rapid technological advancements, and consumption of mainly premium cars are the factors making North America as the fastest-growing region of the automotive semiconductor market. The breakup of primaries conducted during the study is depicted in below. By Company Type: Tier 1 Companies - 35%, Tier 2 Companies – 40%, and Tier 3 Companies – 25% By Designation: C-Level - 45%, Director Level l- 35%, and Manager Level - 20% By Region: North America - 30%, Europe - 40%, Asia-Pacific - 20%, and RoW - 10% Emergence of new concept vehicles such as autonomous cars and connected cars would act as the captivating imperative for the existing players as well as the new entrants. Some of the major players in the automotive semiconductor market are NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) among others. Reasons to Buy the Report: - This report includes the market statistics pertaining to component, vehicle type, fuel type, application, and geography, along with their respective market size. - The average semiconductor content per vehicle by component, vehicle type, fuel type, application, region, and country is available in the report. - The Porter's five forces framework has been utilized, along with the value chain analysis to provide an in-depth insight into the automotive semiconductor market. - Major drivers, restraints, and opportunities for automotive semiconductor market have been detailed in this report. - Illustrative segmentation, analysis, and forecast for the markets on the basis component, vehicle type, fuel type, application, and geography have been conducted to give an overall view of the automotive semiconductor market. - A detailed competitive landscape includes key players, in-depth analysis, and market share of the key players. Download the full report: https://www.reportbuyer.com/product/3693828/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/automotive-semiconductor-market-by-component-vehicle-type-fuel-type-application--geography---global-forecast-to-2022-300331480.html SOURCE ReportBuyer |