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On the basis of component, the microcontroller segment is leading the Europe automotive semiconductor market. However, the memory segment is anticipated to grow at a highest CAGR. Micro-controllers in an automobile plays a critical role in its smooth operation, and the application of micro-controllers ranges widely from seat movements, power windows, taillights, braking, headlights and steering among others. The integration of advanced micro-controllers with other technologically enhanced electronics have attracted automobile customers. In the current automotive market, every automotive OEMs eyeballs the advantages of using microcontrollers with an objective to improve the vehicle technology, gain customer traction and finally enhance their net sales.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2095784/
The automotive semiconductor market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the automotive semiconductor market further. For instance, automotive industry plays a significant role in the growth of Europe’s prosperity, as it accounts for a significant portion in the region?s GDP as well as provides jobs to a large number of population. Due to these factors, the European Commission has taken several initiatives for the development of automotive industry in the region. For instance, CARS 2020 Action Plan, and GEAR 2030 among others. Also, Horizon 2020 by EU focuses on providing funds for R&D in automotive industry by launching programs such as Also, Horizon 2020 by EU focuses on providing funds for R&D on automotive by launching programs such as European Green Vehicles Initiative and programs on 'Road Transport', 'ICT for Smart Mobility', 'Factories of the Future' and 'Logistics'.
The Europe automotive semiconductor market accounted for US$ 9,257.4 Mn in 2017 and is expected to grow at a CAGR of 6.6% over the forecast period 2018-2027, to account for US$ 17,613.0 Mn in 2027. Factors including continuous partnership of automotive OEMs with semiconductor manufacturers driving the Europe automotive semiconductor market. However, the adoption of advanced semiconductors increases the overall cost of vehicle are impeding the market growth. Bolstering Demand for Electric Vehicles is opportunistic for the growth of the Europe automotive semiconductor market. The automotive industry has experienced the emergence of several new carmakers over the years. The automotive OEMs are integrating their vehicle?s dashboards, seats, heating systems as well as mirrors with advanced semiconductors and embedded computers, which is facilitating the semiconductor industry players to design and develop robust technologies. Semiconductors are also integrated into areas such as braking system, induction motor, and battery system among others. The growth of electric vehicle is foreseen to be exponential due to increasing concerns related to environment and several stringent laws by Worldwide Harmonized Light Vehicles Test Procedure (WLTP). With the rising electric vehicle production, the requirement for a large number of semiconductors and other electronics is also boosting in the market. The market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the automotive semiconductor market.
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The overall Europe automotive semiconductor market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe automotive semiconductor market. It also provides the overview and forecast for the automotive semiconductor market based on all the segmentation provided with respect to Europe region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the automotive semiconductor industry. Some of the players present in automotive semiconductor market are NVidia Corporation, Intel Corporation, NXP Semiconductors N.V., Infineon Technologies AG, Rohm Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, Robert Bosch Gmbh, ON Semiconductor Corporation, and STMicroelectronics N.V. among others.
Table of content:
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. SUPPLY CHAIN ANALYSIS
3.2.1. Insights on Partnerships Between Electronics OEMs and Automotive Companies
3.2.2. Key Developments
3.3. MARKET SEGMENTATION
3.3.1. Europe Automotive Semiconductor Market - By Component
3.3.2. Europe Automotive Semiconductor Market - By Application
3.3.3. Europe Automotive Semiconductor Market - By Vehicle Type
3.3.4. Europe Automotive Semiconductor Market - By Geography
3.4. EUROPE PEST ANALYSIS
4. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.1.1. Continuous Partnership of Automotive OEMs with Semiconductor Manufacturers is Capitalizing the Market
4.2. KEY MARKET RESTRAINTS
4.2.1. Adoption of Advanced Semiconductors Increases the Upfront Cost of Vehicle
4.3. KEY MARKET OPPORTUNITIES
4.3.1. Surging Demand for Electric Vehicles
4.4. FUTURE TRENDS
4.4.1. Mounting Demand for Fully-autonomous Car
4.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
5. AUTOMOTIVE SEMICONDUCTOR - EUROPE MARKET ANALYSIS
5.1. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET OVERVIEW
5.2. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST AND ANALYSIS
6. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027- COMPONENTS
6.1. OVERVIEW
6.2. EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET BREAKDOWN, BY COMPONENTS, 2017 & 2027
6.3. OPTICAL DEVICES MARKET
6.3.1. Overview
6.3.2. Europe Automotive Semiconductor Market, By Optical Devices Market Forecasts and Analysis (US$Mn)
6.4. SENSORS & ACTUATORS MARKET
6.4.1. Overview
6.4.2. Europe Automotive Semiconductor Market, By Sensors & Actuators Market Forecasts and Analysis (US$ MN)
6.4.2.1. LED Market
6.4.2.1.1. Overview
6.4.2.1.2. Europe Automotive Semiconductor Market, By LED Market Forecast and Analysis (US$ Mn)
6.4.2.2. Image Sensor Market
6.4.2.2.1. Overview
6.4.2.2.2. Europe Automotive Semiconductor Market, By Image Sensor Market Forecast and Analysis (US$ Mn)
6.4.2.3. Position Sensor Market
6.4.2.3.1. Overview
Related Report:
Global (United States, European Union and China) Automotive Semiconductor Market Research Report 2019-2025
In 2019, the market size of Automotive Semiconductor is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-automotive-semiconductor-market-research-report-2019-2025/?utm_source=RR-AN
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