NXP Semiconductors N.V. – announced expanded customer engagements for its entire S32 family automotive processors and microcontrollers to be used across the fleet of future vehicles of a major automotive OEM, beginning mid-decade.
Infineon Technologies AG – announced the availability of the first samples of the country’s new AURIX TC4x family of 28 nm microcontrollers (MCUs) marking an extension in its microcontroller family.
Upsurge in the number of semiconductor chips in modern vehicles, as well as an increasing number of connected vehicles along with the rising sale of EVs, are some of the major factors anticipated to drive the growth of the automotive semiconductors market.
The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.
Shortages of semiconductors as well as fluctuating prices & availability of raw materials are some of the factors estimated to hamper the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future
The major players in the market are Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Micron Technology, Inc., Robert Bosch GmbH, and others
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by propulsion, type, component, vehicle type, application, and by region.
The electric segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.