North America Automotive Semiconductor Market | Growth Popularity And Emerging Trends In The Industry

The North America automotive semiconductor market accounted for US$ 7,140.9 Mn in 2017 and is expected to grow at a CAGR of 5.5% over the forecast period 2018-2027, to account for US$ 12,267.9 Mn in 2027. Factors including increase in automotive manufacturing significantly driving the automotive semiconductor market. However, the integration of advanced semiconductors increases the upfront cost of vehicle in developing regions are impeding the market growth. Bolstering Demand for Electric Vehicles is opportunistic for the growth of the market. The automotive industry has experienced the emergence of several new carmakers over the years.

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The automotive giants are constantly eyeballing on the electric vehicle segment as the section has attracted several customers across North America. Major players catalyzing the automotive semiconductor market for electric vehicles worldwide include Tesla, BMW, Nissan, Ford, and Volkswagen among others. Electric vehicles consist of several types of semiconductors which enhance the reliability, safety, and performance of the vehicles. As per International Energy Agency, the global fleet of electric vehicles grew to 3.1 Mn in 2017, marking a 54% growth over the last year. The electrification of automobiles is ushering the automotive industry and the industries associated with it to a greater extent. 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 significant increase in the demand for fully-autonomous car is anticipated to fuel the 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, NVIDIA and Volkswagen has shared their ideas to use AI and deep learning in order to develop a new generation of intelligent Volkswagen vehicles. These vehicles would use the NVIDIA DRIVE IX platform to build a new cockpit experience and higher safety. All these initiative by the market player are enhancing the growth of automotive semiconductor market.

US is anticipated to leads the automotive semiconductor market across the North American region through the forecast period. The United States is home to three of the leading automotive groups in the world — General Motors, Fiat-Chrysler Automotive, and Ford Motor. Also, it is home to some of the leading semiconductor manufacturers including Intel, Texas Instruments, ON Semiconductors, and others. Many of the automakers have engine & transmission plants and conduct design, R&D, and testing activities in the US. According to the Auto Alliance, almost a fifth of the R&D investments done globally is spent in the US. In 2017, the country had exported over 2 million LCV and over 130,000 HCV & MCV to more than 200 markets along with an additional export of automotive parts worth over $85 billion. High demand for infotainment systems and growing need for safety, better communication, and comfort in the vehicles are proliferating the automotive semiconductor market.

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TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. NORTH AMERICA 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. North America Automotive Semiconductor Market – By Component
3.3.2. North America Automotive Semiconductor Market – By Application
3.3.3. North America Automotive Semiconductor Market – By Vehicle Type
3.3.4. North America Automotive Semiconductor Market – By Country
3.4. NORTH AMERICA PEST ANALYSIS
4. NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.1.1. Substantial Growth in Automotive Manufacturing
4.2. KEY MARKET RESTRAINTS
4.2.1. Integration of Advanced Semiconductors Increases the Upfront Cost of Vehicle
4.3. KEY MARKET OPPORTUNITIES
4.3.1. Bolstering Demand for Electric Vehicles
4.4. FUTURE TRENDS
4.4.1. Increasing Demand for Fully-autonomous Car is Anticipated to Fuel the Market Growth
4.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS