Future Market Insights recently included an offering on their list titled, “Automotive Semiconductor Market: Global Industry Analysis and Opportunity Assessment 2015-2025″.
The electronic system has been the field of innovation in the automotive industry. This development accounts for three quarters of all the improvements made in the sector. The amount of semiconductors per vehicle has increased with hybrid electric cars and focus on safety and usefulness. Moreover, the need for electric vehicles has been driven by environmental conservation.
Furthermore, various systems have been installed into cars to enhance safety standards such as lane departure warning system, TPMS emergency braking among other ADAS. In addition to this over the past ten years electronical contribution towards total cost increased from 18% – 20% up-to 40% – 45% currently where it is even higher for EVs . Although there was a drop in total auto sales growth rate from 14.3% (2010) down to only 2% (2015), there still remains strong demand within premium luxury passenger segment thus giving more drive behind automotive semiconductors market growth .
Automotive Semiconductor Market: Segmentation
The automotive semiconductor market is segmented as follows
By product type the automotive semiconductor market is segmented into
- Analog IC
- Discrete Semiconductors
- Logic Semiconductors
- Sensor Semiconductors
- Optical Semiconductors
- Others (Memory IC, Micro component IC, etc.)
By Application, the automotive semiconductor market is segmented as follows
- Safety, comfort & control
- Chassis
- Powertrain
- Infotainment
- Electronic system
By Vehicle type, the automotive semiconductor market is segmented as follows
- Passenger Cars
- Compact
- Sub-compact
- Sedan
- SUV
- Van
- Luxury
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Semiconductor Market: Driver and Restraints:
The primary driver for growth in the global automobile semiconductor market is the increase in worldwide vehicle production. In 2014, global automotive production increased by 3% compared to 2013 and grew another 2% in 2015 to reach 86.9 million units. Additionally, rising electric vehicle sales supported by growing environmental consciousness would result into more drive trains being electrically powered hence increasing the need for automotive semiconductors. Furthermore, the ever-growing trend of connected cars or intelligent transportation systems will offer substantial prospects for expansion within this industry over the next few years but not all developing nations may adopt it due to its expensiveness although mature markets are expected to have higher adoption rates.
One can also say that among many challenges faced by Asian and African countries when it comes to adopting cutting edge technologies like autonomous driving systems could be their high costs aside from lack of proper infrastructure required such as well developed road networks which are essential components needed so as ensure smooth implementation process takes place without any hitches though some of these issues may be addressed through collaborations between different stakeholders involved including international organizations working with local governments together with private sector players however there seems a long way go before we see significant progress recorded towards achieving full scale deployment across various regions worldwide.
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Automotive Semiconductor Market: Region Wise Outlook:
The automotive semiconductors market is divided among North America, Latin America, Asia Pacific, Europe and Middle East & Africa. The production of the Asia Pacific automotive industry was highest in the world with 2% increase in 2015 to 43.8 million units. So, over the forecast period asia pacific is estimated to hold major share of automotive semiconductors market. Europe can be expected as second biggest market after Asia Pacific due to significant automotive production in this region only.North America has small market share but high adoption rate per vehicles.Latin America’s automotive semiconductors market will see slow growth because automotive production in the region fell by 20% in 2015.Middle East market for automotive semiconductors is likely to remain steady during the forecast period as consumers prioritize vehicles’ performance.
Automotive Semiconductor Market: Key Players:
Key players identified in the global automotive semiconductors market are listed below
- Renesas Electronics Corporation
- Infineon Technologies
- STMicroelectronics
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Texas Instruments Inc.
- ON Semiconductor
- Toshiba Corporation
- Micron Technology, Inc.
The research report is a complete evaluation of the market that presents meticulous facts and figures, historical information backed by statistical data and industry-validated market data. The study also entails projections using a suitable set of assumptions and methodologies. Furthermore, the research report provides analysis and information according to market segments, types, geographies, technology and applications as well.
