Brand Story
25 Nov 2022, 07:59 GMT+10
The global automotive semiconductor market is currently valued at $54.9 billion and is expected to reach $94.99 billion by the end of 2030. From 2022 to 2030, semiconductor shipments for the automotive industry are anticipated to grow at a CAGR of 7.1%.
The top market participants want to take advantage of the growing demand for electric vehicles and technological safety features like the Advanced Driver Assistance System (ADAS).
Vehicle semiconductor suppliers around the world should benefit from the growing use of electronic components in the automotive sector. Future sales of electric car chips are also anticipated to be boosted by the rapidly increasing popularity of electric automobiles.
Based on historic research and current data, the market is forecast to showcase steady growth as a result of the rising demand for electric vehicles, automotive safety standards and modern automotive technologies across various countries.
While the market growth is accelerating quite steadily, the COVID-19 pandemic has impacted the manufacturing sectors. However, despite disruptions witnessed in production, market players are expected to focus on research initiatives, which will enable growth in the market in the coming years. For instance, Broadcom Inc. has come up with a wide variety of automotive solutions like vehicle connectivity and networking, optical isolation and sensing, wireless communications and LED lighting in the current year.
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According to the report, the increasing production of vehicles and surging demand safety features have been resulting in the incorporation of electrical systems in the automotive industry. The overall growth curve of the market tends to remain upward during the forecast period.
Some of the key takeaways from the report are highlighted below:
Who is winning?
In this report, Future Market Insights has thoroughly researched the various strategies which are being used by major businesses in the automotive semiconductor market. As the unlimited scope and opportunities subsides, the leading market players like Intel Corporation, NVIDIA Corporation, Samsung Semiconductor etc. is taking strategic actions in order to keep them in the top positions globally.
Some of the leading competitors in the global automotive semiconductor market-
More Valuable Insights on Automotive Semiconductor Market
In its latest report, Future Market Insights offers an unbiased analysis of the global automotive semiconductor market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2022-2030.
Get More Information on this Report @ https://www.futuremarketinsights.com/reports/automotive-semiconductor-market
Country-wise Analysis
Will Automotive Semiconductor Manufacturers Find Success in China?
"Automotive Semiconductor Consumption is Driven by the Presence of a Robust Automotive Manufacturing Industry"
The fact that China is the world's largest producer of automobiles alone is expected to increase the country's exports of automotive semiconductors in the years to come. Through 2030, the demand for automotive semiconductors will be mostly driven by supportive government measures to expand semiconductor manufacturing and the growing use of automobile computer processors.
Key Segments of Automotive Semiconductor Industry Survey
Automotive Semiconductor Market by Component:
Automotive Semiconductor Market by Vehicle Type:
Automotive Semiconductor Market by Application:
Automotive Semiconductor Market by Region:
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Table of Content
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Key Trends Impacting Market
3.2. Innovation & Development Trends
3.3. Key Success Factors
4.1. Average Pricing 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 2022)
5.4. Post-COVID Outbreak Market Impact (2022 and beyond)
5.5. Recovery Scenario (Short Term/Mid Term/Long Term)
Explore FMI's Other Extensive Reports of Technology:
RF Power Semiconductor Market Size: RF Power Semiconductor Market is expected to create an incremental opportunity of US$ 10,817.6 Mn between 2018 and 2027 and projected to grow at a CAGR of 12% during the period 2018 to 2027
Automotive SoC Market Forecast: Automotive SoC market size is expected to grow from US$ 17,066.7 Mn in 2022 to US$ 26,800.5 Mn by 2028.
Semiconductor Assembly And Testing Services Market Demand: The semiconductor assembly and testing services market revenue totaled ~US$ 32.6 Bn in 2021. The overall semiconductor assembly and testing services market is projected to reach~US$ 52.1 Bnby 2029, growing at aCAGR of 6.1% for 2022 - 2029.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.
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The post Worldwide Sales of Automotive Semiconductors are Expected to Increase Rapidly at a CAGR of 7.1% from 2022 to 2030 appeared first on Future Market Insights.
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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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