Growth Opportunities in the Global Automotive Semiconductor Market 2017-2022


Posted May 5, 2017 by Lucintel

Opportunities for global automotive semiconductor to reach $45.9 billion by 2022 . Lucintel anticipates that APAC and the Rest of the World (ROW) will be the fastest growing regions in the automotive semiconductor market

 
According to a new market report published by Lucintel, the future of the global automotive semiconductor market looks good with opportunities in the passenger car and commercial vehicle segments. The global automotive semiconductor market is expected to reach an estimated $45.9 billion by 2022 and it is forecast to grow at a CAGR of 6.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, increasing semiconductor content per vehicle, growing demand for advanced vehicle safety and comfort systems, and growing government regulations regarding CO2 emissions.
In this market, microcontrollers, integrated circuits, sensors, and discrete power are some of the major segments of automotive semiconductors. On the basis of our comprehensive research, Lucintel forecasts that the sensor and discrete power segments are expected to show above average growth during the forecast period.
Within the global automotive semiconductor market, the integrated circuits segment is expected to remain the largest market. The integrated circuit is an essential component of electronic control units. The ICs interact with one another in the system and ensure movement, information, and safety, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investment by the industry players within the APAC region.
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Issued By Lucintel
Country United States
Categories Business
Tags Automotive , Semiconductor , market
Last Updated May 5, 2017