Asia Pacific Automotive Semiconductor Market Competitive Outlook, Industry Analysis with Top Companies
Rise in automotive manufacturing and continuous partnership of automotive OEMs with semiconductor manufacturers is fueling the APAC automotive semiconductor market. The demand share of technologically robust semiconductor components in the automotive industry is majorly among the passenger car segment, followed by the commercial vehicle segment. Cost and fuel efficiency no longer stay as the primary criterion for purchasing, instead the purchase more depend on the comfort and luxury provided in the car. Attributing to this fact that, the global automobile manufacturers are witnessing substantial demand for luxury cars and semi-luxury cars, which is pressurizing the automobile manufacturers to add increased numbers of electronic components, thereby driving the automotive semiconductors market in APAC. This factor has created a potential market space for APAC automotive semiconductor market.
Asia Pacific Automotive Semiconductor Market – 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.
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The surging demand for electric vehicles is anticipated to fuel the APAC 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. The growth trajectory of fully-autonomous cars is largely anticipated to depend upon several parameters such as technological improvements, consumer preference to adopt fully-automated cars, pricing as well as the ability of the suppliers and OEMs to address the critical concerns related to the safety of the vehicles. 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.
China is anticipated to leads the automotive semiconductor market across the APAC region through the forecast period. China is the important automobile markets in India. Further, the country occupies the lion’s share in the automotive semiconductor market. This is attributable to increasing adoption of the safety features in vehicles and growth in infotainment applications including navigation among others. Further, ADAS systems have become popular in the country, and features including parking assist, adaptive cruise control, lane-departure warning, forward collision warning, and blind-spot detection are supplementing the growth of the market prominently. This bolster the APAC automotive semiconductor market on the forecast period. The figure given below highlights the revenue share of Russia in the APAC automotive semiconductor market in the forecast period:
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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APAC AUTOMOTIVE SEMICONDUCTOR – MARKET SEGMENTATION
By Components
- Optical Devices
- Sensors & Actuators
- LED
- Image Sensor
- Position Sensor
- Temperature Sensor
- Pressure Sensor
- Others
- Memory
- DRAM
- Flash
- Microcontrollers
- Analog ICs
- Logic and Discrete Power Devices
By Application
- Advanced Driver Assistance Systems
- Body Electronics
- Infotainment
- Powertrain
- Safety Systems
By Application
- Passenger Cars
- Lightweight Commercial Vehicle
- Heavyweight Commercial Vehicle
By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
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