Automotive Semiconductor Market Is Expected To Reach $81.5 Billion By 2028- An Exclusive Market Research Report By Lucintel

By Author: Lucintel LLC
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Lucintel's latest market report analyzed that automotive semiconductor provides attractive opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications. The automotive semiconductor market is expected to reach $81.5 billion by 2028 with a CAGR of 9.4%. In this market, integrated circuits is the largest segment by component type, whereas powertrain is largest by application.
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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 2023 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.
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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 helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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