Automotive Semiconductor market in Europe is expected to grow from US$ 9,257.4 Mn in 2017 to US$ 17,613.0 Mn by the year 2027. This represents a CAGR of 6.6% from the year 2018 to 2027.
Continuous Partnership of Automotive OEMs with Semiconductor Manufacturers is fueling the Europe automotive semiconductor market. The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the semiconductor market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with semiconductor manufacturers to meet the demands of their customers. For instance, in January 2018, Audi AG partnered with ON Semiconductor, to foster On Semiconductor’s innovations and integrate their semiconductors on their newer models, thereby satisfying constantly changing expectations of the consumers in terms of safety, reliability, and performance. This factor has created a potential market space for Europe automotive semiconductor market.
The surging demand for electric vehicles is anticipated to fuel the Europe automotive semiconductor market growth. The automobile manufacturers to continuously focus on innovating, designing and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years. Attributing to these parameters, both the industry players i.e. automotive and semiconductor industry are constantly focusing on improving technologies, negotiating prices of raw materials and the finally integrating the cars with robust technologies. For instance, in 2018, Intel has revealed first autonomous vehicle in its 100-car test fleet. Nissan, BMW, and Volkswagen are moving Mobileye-based mapping design. Also, the company stated about new collaboration with NavInfo and SAIC Motor to prolong crowdsourced map building to China. All these initiative by the market player are enhancing the growth of Europe automotive semiconductor market.
Germany is anticipated to leads the automotive semiconductor market across the European region through the forecast period. Germany is the largest contributor in the automotive market share of the region. A growing automotive electronics and rapid inclination of automotive manufacturers for including electronics integrations due to the emergence of autonomous driving and advanced driver assist systems has resulted in the higher demands for the automotive semiconductor. Germany has over 40 semiconductor fabs that are run by various companies that include NXP, Infineon, the Fraunhofer Institute research organization, and Osram/Siemens. Also, U.S. based companies including Texas Instruments and Global foundries have fabs in the country. This bolster the Europe automotive semiconductor market on the forecast period. The figure given below highlights the revenue share of Russia in the Europe automotive semiconductor market in the forecast period:
Exhibit: Russia Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE AUTOMOTIVE SEMICONDUCTOR – MARKET SEGMENTATION
By Components
By Application
By Application
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 9,257.4 Million |
| Market Size by 2027 | US$ 17,613.0 Million |
| CAGR (2018 - 2027) | 6.6% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Automotive Semiconductor Market is valued at US$ 9,257.4 Million in 2017, it is projected to reach US$ 17,613.0 Million by 2027.
As per our report Europe Automotive Semiconductor Market, the market size is valued at US$ 9,257.4 Million in 2017, projecting it to reach US$ 17,613.0 Million by 2027. This translates to a CAGR of approximately 6.6% during the forecast period.
The Europe Automotive Semiconductor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automotive Semiconductor Market report:
The Europe Automotive Semiconductor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Semiconductor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Semiconductor Market value chain can benefit from the information contained in a comprehensive market report.
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