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Substantial Growth in Automotive Manufacturing is fueling the automotive semiconductor market. The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, lightweight commercial vehicles, and heavyweight commercial vehicles. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving the automobile procurement. For instance, the global automotive production as per International Organization of Motor Vehicle Manufacturers accounted for 97.3 Mn in 2017 as compared to 95.1 Mn in 2016. The calculated year on year growth rate of automotive production was 2.36% from 2016 to 2017. With the increase in automobile manufacturing, the demand for advanced technologies integrated on to the vehicles is simultaneously increasing among the end users. This factor has created a potential market space for automotive semiconductor market.
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North America Automotive Semiconductor Market - Companies Mentioned: NVidia Corporation,Intel Corporation,NXP Semiconductors N.V.,Infineon Technologies AG,Rohm Semiconductor,Texas Instruments Inc.,Renesas Electronics Corporation,Robert Bosch Gmbh,ON Semiconductor Corporation,STMicroelectronics N.V.
The significant increase in the demand for fully-autonomous car is anticipated to fuel the automotive semiconductor market growth. The automobile manufacturers to continuously focus on innovating, designing and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years. Attributing to these parameters, both the industry players i.e. automotive and semiconductor industry are constantly focusing on improving technologies, negotiating prices of raw materials and the finally integrating the cars with robust technologies. For instance, in 2018, NVIDIA and Volkswagen has shared their ideas to use AI and deep learning in order to develop a new generation of intelligent Volkswagen vehicles. These vehicles would use the NVIDIA DRIVE IX platform to build a new cockpit experience and higher safety. All these initiative by the market player are enhancing the growth of automotive semiconductor market.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for immunochemistry assays in the market.
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NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR – MARKET SEGMENTATION
- Optical Devices
- Sensors & Actuators
- Image Sensor
- Position Sensor
- Temperature Sensor
- Pressure Sensor
- Analog ICs
- Logic and Discrete Power Devices
- Advanced Driver Assistance Systems
- Body Electronics
- Safety Systems
- Passenger Cars
- Lightweight Commercial Vehicle
- Heavyweight Commercial Vehicle
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