Automotive semiconductor market players are focusing on acquisitions as a significant strategy to attain competitive advantage in addition to investment towards innovations that will remain high too.
DUBAI, UAE / ACCESSWIRE / October 27, 2020 / The global automotive semiconductor market is poised to increase at a CAGR of 7 % during the assessment period from 2020-2030. The growth is primarily attributed to a growing demand for usage of automotive semiconductors in camera-based sensors, 3-D mapping technology applications, Matrix LEDs for electric vehicles, camera-based sensors, LiDAR sensors, and others is projected to allow growth in the market.
'Digitally equipped manufacturers are implementing their mobile platforms for evolving car platforms and in-car entertainment. Technology-based manufacturers have collaborated with media-streaming devices and services companies due to core capabilities and their aggressive capital investment. Thus, due to digital connectivity for instance vehicle-to-vehicle communication, the market is projected to fuel up during the assessment period,' states the FMI analyst.
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Automotive Semiconductor Market- Key Takeaways
- North America is anticipated to remain lucrative throughout the assessment period 2020-2030.
- The micro-components (processors) segment is anticipated to witness an accelerated expansion of 7.0% during the projected period.
- The passenger vehicle types segment will continue to lead the global market among other segments.
- The safety application category is likely to rise at a higher pace over the assessment period.
- The automotive industry will remain a key beneficiary throughout the projected period.
Automotive Semiconductor Market - Drivers
- The growing production of vehicles across several nations has been complementing the market growth.
- Increasing preference for best-in-class features and greater performance in motor vehicles boost the market demand.
- Steady growth in the need for the safety attributes in ultra-modern vehicles will propel market growth.
Automotive Semiconductor Market - Restraints
Factors such as continuous optimization of component size, maintaining balance amid quality and cost of the product, and the rising cost of the overall vehicle is continuously creating challenges for the automotive semiconductor market
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COVID-19 Impact on Automotive Semiconductor Market
Given the debilitating effect of the COVID-19 pandemic on the automotive semiconductor market, market players are vying for prospects to stay afloat inside the market scenario. The digital & electrical vehicles being the chief source of the automotive semiconductors need, the global market is likely to decrease by 5% towards 2020 end. Despite the entire shutting down of the manufacturing plants throughout the lockdown, the total year-to-year expansion of the market is projected to be 5%-8% through 2021.
Major companies identified in the global Automotive Semiconductor market include Samsung Semiconductors, Intel Corporation, NVIDIA Corporation, NXP Semiconductors, Texas Instruments Inc. (TXN), Broadcom Inc. (AVGO), Qualcomm Inc. (QCOM), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), ASE Technology Holding Co. Ltd. (ASX) and Micron Technology Inc. (MU).
About the Study
The study offers readers a comprehensive assessment of the Automotive Semiconductor market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to component (micro-component (processor), memory device, logic, optical and sensors, analog IC, discrete devices (power)), vehicle type (passenger, light commercial vehicle, heavy commercial vehicle), application (body, safety, telematics and infotainment, power train, chassis), end-use industry (automotive, electronics and others), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting Market
3.2. Innovation & Development Trends
3.3. Key Success Factors
4. Pricing Analysis
4.1. Average Pricing Analysis
5. COVID-19 Pandemic Crisis Impact Analysis
5.1. Impact of COVID-19 Pandemic Crisis
5.2. Current Economic Projection and Probable Impact on GDP
5.3. Pre-COVID Outbreak Market Growth (Before 2020)
5.4. Post-COVID Outbreak Market Impact (2020 and beyond)
5.5. Recovery Scenario (Short Term/Mid Term/Long Term)
6. Market Structure Analysis
6.1. Market Analysis by Tier of Companies
6.2. Market Concentration
6.3. Market Share Analysis of Top Players
6.4. Market Presence Analysis
6.4.1. Regional footprint by Players
6.4.2. Product footprint by Players
6.4.3. Channel footprint by Players
7. Global Automotive Semiconductor Market Demand (in Value in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
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