Automotive Semiconductor Market Growth Potential & Forecast, 2032

As per a recent research report, Automotive Semiconductor Market surpass USD 183.8  Bn by 2032.

The rising trend of electric cars is a major factor driving the market growth. In recent years, EVs are increasingly requiring a variety of semiconductors for power electronics, motor control, battery management systems, and charging infrastructure. To that end, the rise in EV usage internationally has led to the higher need for automotive semiconductors. Furthermore, the advent of V2X communication will offer multiple growth prospects for the industry growth.  However, the dearth of semiconductor components mainly across the automotive sector may hinder the industry growth.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/6022

In terms of components, the automotive semiconductor market size from the processors segment generated over USD 15 billion in 2022. The presence of advanced infotainment and networking capabilities in automobiles necessitate the employment of processors to handle multimedia processing, communication protocols, and user interfaces. The growing consumer demand for improved infotainment and connection features is also fueling the need for processors with expanded capabilities, resulting in significant demand for processors in automotive industry.

Automotive semiconductor market size from the safety application segment is poised to record over 12% CAGR from 2023-2032 driven by the growing consumer demand for better safety features, such as sophisticated driver assistance systems and driverless vehicles. Collision avoidance, adaptive cruise control, and automatic emergency braking are typical ADAS technologies that rely on sensors, processors, and other semiconductor components to provide real-time sensing and decision-making, further contributing to the segment growth.

Request for customization this report @    https://www.gminsights.com/roc/6022

Europe held a sizable share of the global automotive semiconductor market in 2022 and is set to generate more than USD 40 billion by 2032. Europe has witnessed a surge in the rate of EV adoption, necessitating advanced semiconductor technologies for power management and electric drivetrain systems. The introduction of severe car safety rules and regulatory frameworks is also driving the expansion of the European automotive semiconductor industry. For instance, the new Vehicle General Safety Regulation mandated the incorporation of ADAS in all cars in Europe in 2022.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automotive semiconductor market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Vehicle type trends

2.6    Propulsion type trends

2.7    Application trends

Chapter 3   Automotive Semiconductor Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the Russia-Ukraine war

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.8.1    Partnership/collaboration

3.8.2    Merger/Acquisition

3.8.3    Investment

3.8.4    Product launch & innovation

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Rising adoption of electric vehicle

3.10.1.2    Surge in demand for in-vehicle infotainment and comfort features

3.10.1.3    Increasing focus on vehicle safety

3.10.1.4    Advancements in autonomous and connected vehicles

3.10.1.5    Growing energy efficiency and environmental concerns

3.10.2    Industry pitfalls & challenges

3.10.2.1    Technological complexities and compatibility issues

3.10.2.2    Shortage of semiconductor components

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Commercial Vehicle Market 2024-2032; Growth Forecast & Industry Share Report

Commercial Vehicles Market size is predicted to reach USD 15.9 Tn by 2032. The market growth is fueled by the rising urbanization, increasing industrial activities, and technological advancements. The expanding global economy is pushing the demand for transportation of goods & services. With the rise of e-commerce and the need for efficient last-mile delivery solutions, particularly in urban areas, commercial vehicles sales have witnessed an uptick in the recent years. Additionally, the stringent emission regulations worldwide are pushing fleet operators to upgrade to cleaner and more fuel-efficient vehicles, contributing to market expansion. Request for Sample Copy report @     https://www.gminsights.com/request-sample/detail/7430 Moreover, advancements in driver-assistance technologies and the integration of automation are enhancing safety standards and optimizing operational efficiency of commercial vehicles, adding to their popularity. In September 2023, Amazon ...
Read more

Train Dispatching Market Trends, Analysis & Forecast, 2032

As per a recent research report, Train Dispatching Market surpass USD 2 Bn by 2032. The rapid rate of urbanization as well as demographic growth worldwide will influence the market growth. In recent years, the increasing number of passengers travelling by rail network have spurred the higher focus of government bodies on enhancing the rail services. The growing government support across the globe for upgrading the railway infrastructure to speed up passenger journeys for ensuring interoperability will further drive the demand for train dispatching. However, the dearth of standards and protocols along with the rising concerns over interoperability in connected railway train dispatching systems may limit the industry expansion to some extent. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5805 On the basis of offerings, the demand for train dispatching services is poised to record over 12% CAGR from 2023-2032. The rising popularity of mul...
Read more

DataOps Platform Market Trends, Analysis & Forecast, 2032

As per a recent research report, DataOps Platform Market to surpass USD 25 Bn by 2032. The exponential increase in data volume and variety that necessitates efficient data management solutions is fueling the industry growth. DataOps platforms enable organizations to streamline data pipelines, automate workflows, and ensure data quality and governance. Also, the rise of cloud computing and the adoption of Big Data technologies has fueled the demand for DataOps platforms. These platforms provide scalable infrastructure & support for data-intensive workloads. The growing emphasis on data-driven decision-making and the need for real-time analytics have propelled the solution adoption as these platforms enable organizations to process and analyze data in a timely manner, facilitating faster & accurate decision-making. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5981 DataOps platform market from the he cloud segment is projected to...
Read more