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According to a new market report published by Lucintel Kieran Trippier Hotspur Jersey , the future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to reach an estimated $67.5 billion by 2023 with a CAGR of 13.1% from 2018 to 2023. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
In this market, various semiconductor components, such as microcontrollers, integrated circuits, sensors Kevin Wimmer Hotspur Jersey , and discrete power, are used in the automotive electronics industry. On the basis of its comprehensive research, Lucintel forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production. The automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
Powertrain, safety, driver information systems, body electronics chassis, and networkingcommunication are the major applications for automotive semiconductors. Lucintel forecasts that the powertrain and safety application will show above average growth during the forecast period due to the stringent government regulations for reduced vehicle emissions Josh Onomah Hotspur Jersey , and increased passenger safety.

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of high efficiency power semiconductors, and development of smaller single鈥揷hips for radar sensors. NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch Jan Vertonghen Hotspur Jersey , On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions are the major semiconductor manufacturers in the global automotive semiconductor market.


Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive semiconductor market by component type, vehicle type, application, engine type and by region. Lucintel has compiled a comprehensive research report entitled 鈥淕rowth Opportunities in the Global Automotive Semiconductor Market 2018-2023: Trends Hugo Lloris Hotspur Jersey , Forecast, and Opportunity Analysis.鈥?The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive semiconductor market by component type, vehicle type, application type, engine type and region, as follows:


By Component Type ($ Million from 2012 to 2023):
鈥?Microcontrollers
鈥?Integrated Circuits
鈥?Sensors
鈥?Discrete Power
鈥?Others
By Vehicle Type ($ Million from 2012 to 2023):
鈥?Small Cars
鈥?Compact Cars
鈥?Mid-Size Cars
鈥?Large Cars
鈥?SUVs & Crossovers
鈥?MPVs
鈥?Pickups
鈥?HCVs
鈥?Electric Vehicles
鈥?Others
By Application ($ Million from 2012 to 2023):
鈥?Powertrain
鈥?Safety
鈥?Driver Information Systems
鈥?Body Electronics
鈥?Chassis
鈥?NetworkingCommunication
By Engine Type ($ Million from 2012 to 2023):
鈥?ICE Vehicles
鈥?Electric Vehicles
By Region ($ million from 2012 to 2023):
鈥?North America
o USA
o Canada
o Mexico
鈥?Europe
o United Kingdom
o Russia
o France
o Germany
o Spain
鈥?Asia Pacific
o China
o India
o Japan
o Indonesia
o South Korea
鈥?The Rest of the World
o Brazil
o Argentina


This 253-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents Harry Winks Hotspur Jersey , contact Lucintel at +1-972-636-5056 or email us at helpdesk@ . Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.


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