< Key Hightlight >

MARKET OUTLOOK

Triton’s report on the Asia-Pacific automotive semiconductor market insinuates that the market is likely to advance at a compound annual growth rate of 6.24% during the projected phase 2021-2028. South Korea, India, Australia & New Zealand, ASEAN countries, China, Japan, and Rest of Asia-Pacific outline the overall market in the given region.

Japan’s growth in semiconductors is mainly due to raw materials, equipment, and small active-passive components. Along with this, Japan has several benefits in upstream semiconductor materials. Here, semiconductor materials have high requirements for purity, which can be met only by Japan. This enhances the demand for semiconductors across the country. Furthermore, although the country’s performance in the field of semiconductors is not widely known, its deep industrial expertise is likely to fuel its growth. Therefore, such developments hold the potential to boost the Japanese automotive semiconductor market on a growth path. 

On the other hand, India has emerged as one of the fastest-growing economies with a high population base. As per estimates, the automotive semiconductor market is likely to witness high growth in the country over the forecasted years. The automotive industry has observed high demand for two-wheelers, three-wheelers, and tractors across the nation. Additionally, India has a robust R&D infrastructure for semiconductors, creating new opportunities for the automotive semiconductor market in the upcoming years across India. 

COMPETITIVE OUTLOOK

The major companies in the automotive semiconductor market are Microchip Technology Incorporated, Infineon Technologies AG, Micron Technology Inc, Samsung Electronics Co Ltd, Rohm Co Ltd, Intel Corporation, and NXP Semiconductors NV.