North America Automotive Semiconductor Market – Size, Outlook, Trends, and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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North America Automotive Semiconductor Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Electronic system comprises the significant part in the automotive industry, the increase in the usage of semiconductors and automobiles with high reliability, smaller size and lower costs are the current trends followed by all the automotive manufacturers which are boosting up the importance of the semiconductors in the automobile industry and even more models are going to make entry to the industry with high furnished features like automatic driving and lane changing assistance, so the automotive semiconductor markets are having the most top scope of growth in the forecast period.

North America Automotive Semiconductor Market Size & Growth:

North America Revenue of Automotive Semiconductor market is valued at 29.21 Billion in 2018 and estimated to reach a value of 103.02 Billion in 2024 at CAGR of 22.19 %. Key points like High demand for facilities such as lane changing assistance, automatic parking and safety features, Emergence of the internet of things in automotive are accelerating the markets, and the factors

North America Automotive Semiconductor Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

like System failures caused by semiconductors and Increasing expenditures for the high range automotive are hindering the growth of automotive semiconductors.

North America Automotive Semiconductor Market Share:

By component type segments NORTH AMERICA automotive semiconductor market, By vehicle type, By fuel type, By application, and By geography. By the Component type, these are segmented as sensors, power devices, lighting devices, processors, ICs, memory devices and others. By vehicle type, these are segmented as heavy commercial vehicles, light commercial vehicles, passenger vehicles and others. By fuel type, these are segmented as electric, gasoline, and diesel. By application, these are segmented by body electronics, engine, chassis, comfort/entertainment unit, safety, and others. By geography, they are segmented as United States, Canada, and Mexico.

North America Automotive Semiconductor Market Trends:

New Safety measures, Entertainment services and improving the energy efficiency are made remarkable in this field. The markets related to the Automotive Semiconductors are having the broader outlook shortly.
Automotive Semiconductor is having different applications in various domains.

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North America Automotive Semiconductor Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Renesas technologies manufacture some of the products like IC’s for car audios and transceivers.

Semiconductor packages & coaxial cable connectors manufactured by Murata Technologies are in the current trends where Automotive Semiconductor markets are considered.

North America Automotive Semiconductor Market Research Reports Includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and NORTH AMERICA diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Toshiba
NXP Semiconductors
Texas Instruments
ST Microelectronics
Robert Bosch

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