Infinium Global Research Automotive Semiconductor Market | страница 9

Automotive Semiconductor Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2024
Executive Summary
Global Automotive Semiconductor Market Highlights, (USD Million)
The global automotive semiconductor market is expected to grow at a CAGR of 6.4 %
between 2018 and 2024 in terms of value.The growth in this market is primarily driven by
factors such as adoption of advance driver assistance system in vehicles for safety & better
driving experience, and growing trends towards electric or hybrid cars. Furthermore,
increase environmental regulations, emission regulations, increased focus on power
efficiency and government encouragement policy to further boost the demand for
automotive semiconductor products. On the other hand, economic slowdown in emerging
countries is likely to hinder the growth in this market over the forecast period. In addition,
fluctuations in the raw material prices are likely to restrain the growth in this market over
the forecast period
Among the regions, the Europe region accounted for the largest market share in 2017,
while the North America region accounted for the second largest market for automotive
semiconductor market. Presence of major OEM manufacturers of automotive
semiconductors products as well as presence of major automobile companies in Europe is
one of the primary reasons for the growth factors in the European automotive
semiconductor market. The significant rise in population of youth and growing disposable
income per capita is likely to augment the growth in the Asia-Pacific region over the next six
years. As a result, the automotive semiconductor market in the Asia-Pacific region is
projected to grow at the highest CAGR among the regions in the world market over the
forecast period.
The leading players in the global automotive semiconductor market include NXP
Semiconductors
N.V.,
Renesas
Electronics
Corp.,
Infineon
Technologies
AG,
STMicroelectronics N.V., Robert Bosch GmbH, Texas Instruments, Inc. and ON
Semiconductor Corp., ROHM Co Ltd, Analog Devices Inc., Delphi technologies and
Panasonic Industrial Devices & Solutions and many among others
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