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North America is anticipated to remain lucrative throughout the assessment period 2020-2030. The micro-components (processors) segment is anticipated to witness an accelerated expansion of 7.0% during the projected period. The passenger vehicle types segment will continue to lead the global market among other segments. The safety application category is likely to rise at a higher pace over the assessment period.  The automotive industry will remain a key beneficiary throughout the projected period. Automotive Semiconductor Market – Drivers Increasing preference for best-in-class features and greater performance in motor vehicles boost the market demand. Steady growth in the need for the safety attributes in ultra-modern vehicles will propel market growth.

United arab emiratesUnited statesUnited kingdomCity ofAbhishek budholiyaAsia pacificAutomotive semiconductor key takeawaysIntel corporationTechnology holding coAutomotive semiconductor market players hopeTaiwan semiconductor manufacturing coMicron technology incAutomotive semiconductorBroadcom incTier of companiesCompany name