Automotive Semiconductor Market is expected to reach $76.1 Billion by 2027 – An exclusive market research report by Lucintel

Automotive Semiconductor Market is expected to reach $76.1 Billion by 2027 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Automotive Semiconductor Market
Trends, opportunities and forecast in automotive semiconductor market to 2027 by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-Size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application type (powertrain, chassis, safety, networking/communication, body electronics, and driver information systems), engine type (ICE vehicles and electric vehicles)

Lucintel's latest market report analyzed that automotive semiconductor provides attractive opportunities in the passenger cars, commercial, and electric vehicles. The automotive semiconductor market is expected to reach $76.1 billion by 2027 with a CAGR of 14.6%. In this market, integrated circuits is the largest segment by component type. The introduction of high efficiency power semiconductors, and development of smaller single–chips for radar sensors provides strategic growth path in this market.

Download Brochure of this report by clicking on Based on component type, the automotive semiconductor market is segmented into microcontrollers, integrated circuits, sensors, discrete power, and others. The integrated circuits segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production, whereas the automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.

Browse in-depth TOC on “Automotive Semiconductor Market”

121 – Tables

145 – Figures

253 – Pages

The Automotive Semiconductor Market is marked by the presence of several big and small players. Some of the prominent players offering automotive semiconductor include NXP Semiconductor. Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link

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