Lucintel's latest market report analyzed that automotive semiconductor provides attractive opportunities in the passenger cars, commercial, and electric vehicles. The automotive semiconductor market is expected to reach $76.1 billion by 2027 with a CAGR of 14.6%. In this market, integrated circuits is the largest segment by component type. The introduction of high efficiency power semiconductors, and development of smaller single–chips for radar sensors provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-semiconductor-market.aspx Based on component type, the automotive semiconductor market is segmented into microcontrollers, integrated circuits, sensors, discrete power, and others. The integrated circuits segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
Browse in-depth TOC on “Automotive Semiconductor Market”
121 – Tables
145 – Figures
253 – Pages
The Automotive Semiconductor Market is marked by the presence of several big and small players. Some of the prominent players offering automotive semiconductor include NXP Semiconductor. Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor.
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