North America Automotive Semiconductor Market Research 2020 Report

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.

Register for a Free Trial Today and Gain Instant Access to Our Market Research Reports At https://www.businessmarketinsights .com/TIPRE00003754/request-trial

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.

US is anticipated to leads the automotive semiconductor market across the North American region through the forecast period. The United States is home to three of the leading automotive groups in the world — General Motors, Fiat-Chrysler Automotive, and Ford Motor. Also, it is home to some of the leading semiconductor manufacturers including Intel, Texas Instruments, ON Semiconductors, and others. Many of the automakers have engine & transmission plants and conduct design, R&D, and testing activities in the US. According to the Auto Alliance, almost a fifth of the R&D investments done globally is spent in the US. In 2017, the country had exported over 2 million LCV and over 130,000 HCV & MCV to more than 200 markets along with an additional export of automotive parts worth over $85 billion. High demand for infotainment systems and growing need for safety, better communication, and comfort in the vehicles are proliferating the automotive semiconductor market. The figure given below highlights the revenue share of Mexico in the North American automotive semiconductor market in the forecast period:

The Business Market Insights subscription helps clients understand the ongoing market trends, identify opportunities, and make informed decisions through the reports in the Subscription Platform. The Industry reports available in the subscription provide an in-depth analysis on various market topics and enable clients to line up remunerative opportunities. The reports provide the market size & forecast, drivers, challenges, trends, and more.

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

The List of Companies

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.

Business Market Insights Provides Affordable Subscription with Pay as per Requirement At https://www.businessmarketinsights .com/TIPRE00003754/checkout/basic/single/monthly

(30-day subscription plans prove to be very cost-effective with no compromise on the quality of reports)

Benefits with Business Market Insights

One Stop Platform to All the Market Insight Needs
Avoid Long Purchase Procedures
Fast and Easy Access
Cloud-Based Platform
News Updates
Ask the Analyst Support
Pay Monthly Subscription and Access All You Want
No Compulsion for Yearly Subscription
Reports Read or Download Access
Monthly New Reports Added
Affordable Product, Pay as Per Requirement

About Business Market Insights

Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.

For Subscription contact

Business Market Insights

Phone: +442081254005
E-Mail: [email protected]