Home › News Updates › MarketsandMarkets Quoted for Key Insights in Automotive Semiconductor Market by NASDAQ
NASDAQ mentioned MarketsandMarkets for current and future market trends in their recently published article on automotive semiconductor market.
The immense growth of the global automotive industry has led to an increase in the vehicle production, which has resulted in more demand of automotive semiconductors. Moreover, growing trend of vehicle electrification and demand for safety, convenience, and comfort systems are the major factors boosting the growth of the global market for automotive semiconductors. The worldwide automotive semiconductor market is expected to be valued at $48.78 Billion by 2022, registering a CAGR of 5.8% during the forecast period from 2016 to 2022.
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Report mentioned in the above news is,
Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, and Memory), Vehicle Type (Passenger, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Electric and Hybrid), Application, and Geography - Global Forecast to 2022
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