Growth Opportunities in the Global Automotive Semiconductor Market
The future of the global automotive semiconductor market looks good with opportunities in thepassenger car and commercial vehicle segments. The global automotive semiconductor market isexpected to reach an estimated $45.9 billion by 2022 and it is forecast to grow at a CAGR of 6.4%from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production,increasing semiconductor content per vehicle, growing demand for advanced vehicle safety andcomfort systems, and growing government regulations regarding CO2 emissions.
In this market, microcontrollers, integrated circuits, sensors, and discrete power are some of themajor segments of automotive semiconductors. On the basis of our comprehensive research,Lucintel forecasts that the sensor and discrete power segments are expected to show aboveaverage growth during the forecast period.
Within the global automotive semiconductor market, the integrated circuits segment is expected toremain the largest market. The integrated circuit is an essential component of electronic controlunits. The ICs interact with one another in the system and ensure movement, information, andsafety, which would spur growth for this segment over the forecast period.
For business expansion, this report suggests innovation and new product development, to producepower semiconductors which increase passenger safety, comfort, and convenience. The reportfurther suggests the development of partnerships with customers to create win-win situations andthe development of low-cost solutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
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