According to a research report titled ‘GLOBAL Automotive Semiconductor Market 2021-2028’ available with MarketStudyReport, global automotive semiconductor market is expected to witness a CAGR of 6.30% during 2021-2028.
 

Report findings suggests that global automotive semiconductor market growth is attributed to increasing focus on integrating autonomous features in cars by making use of electronic control units. Moreover, surging adoption of electric vehicle, and new technological trends are providing new opportunities for manufacturers in the industry.
 

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However, semiconductor shortage and numerous regulations might hinder the market outlook over the forecast period.
 

On the basis of type of vehicle, the industry is fragmented into passenger cars, heavy commercial vehicles, and light commercial vehicles. In terms of fuel type, the marketplace is categorized into diesel, gasoline, and electric/hybrid.
 

The application terrain of global automotive semiconductor market is divided into advanced driver assistance systems, infotainment, safety systems, body electronics, and powertrain. While speaking of component, the industry is branched into lighting devices, memory device (flash, DRAM), sensors (pressure sensor, temperature sensor, position sensor, image sensor, LED), discrete power devices, analog ICs, processors, and others.
 

Considering the regional landscape, the study evaluated the industry trends in North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa. Among these, North America market is expected to grow substantially during the analysis timeframe, owing to rising demand for commercial vehicles in United States, surge in EV production, as well as increase in automated safety technologies. Furthermore, growing popularity of light commercial vehicles and passenger cars is likely to boost the demand for automotive semiconductors.
 

The major players in worldwide automotive semiconductor industry are Analog Devices Inc., Intel Corporation, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors N.V., Micron Technology Inc., Semiconductor Components Industries LLC, Robert Bosch GmbH, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics, Samsung Electronics Co. Ltd., Texas Instruments Incorporated, Qualcomm Technologies Inc., and Toshiba Corporation.