The utilization of semiconductors in the automobile business is growing owing to its various new applications. Nowadays a large part of the car business' improvement proceeds with the inclusion of semiconductor innovation in vehicle designs. Semiconductors are utilized in the electronic control units (ECU) of vehicles, particularly premium traveler vehicles.Semiconductors empower the vast majority of the advancements in automotive improvement as the modern cars contains features like mobile phone integration, heads-up displays, comfort, performance, and independent driving guides which need the guide of the semiconductor. As vehicles become considerably complex, demand for automotive semiconductors will increase logically and give an incredible long term development motor for the automotive industry. The quickest developing applications of semiconductors in a vehicle are telematics and infotainment, and safety and powertrain. Discrete power devices and memory devices are the quickest developing part of the automotive semiconductor industry.
Rising production of electric vehicles, high production volumes of automobiles and growing advanced safety and security needs are anticipated to drive the growth of global automotive semiconductor market
Global Automotive Semiconductor Market is valued at USD 45.98 Billion in 2020 and expected to reach USD 81.40 Billion by 2027 with a CAGR of 8.5% over the forecast period
Samsung Electronics established in 1969 and headquartered at Samsung-Ro Yeongtong-Gu, Suwon-si, Gyeonggi-do, South Korea. Specialties in Technology, Smartphone, Television, Home Appliances, Semiconductor, Wearables, VR, Tablet, Laptop, Home Entertainment Systems, Digital Signage, Medical Devices, and LED. Samsung Electronics had nearly 104,407 Employees and had revenue of $197 Billion.
NXP Semiconductors established in 2006 and headquartered at High Tech Campus 60, Eindhoven, North Brabant, 5656, Netherlands. Specialties in High Performance Mixed Signal, Identification, Automotive, Digital Networking, Wireless Infrastructure, Industrial, Smart Home, Smart City, Communication Infrastructure, and Mobile. NXP Semiconductors had nearly 29,400 Employees and had revenue of $8 Billion.
SK hynix Inc. is a South Korean memory semiconductor supplier Company Established in 1949 and headquartered at Gyeongchung-daero Bubal-eub, Incheon, Incheon, South Korea. Specialties in Computing Memory, Consumer&Network Memory, Mobile Memory, NAND Flash, CMOS Image Sensor, Memory Solutions, Semiconductor Design and Manufacturing, Enterprise SSD, Client SSD, Solutions for Datacenter, Automotive Memory, Solid State Drive, DRAM, Graphics Memory, and Gaming Memory. SK Hynix had nearly 33000 Employees and had revenue of $36 Billion.
Toshiba Corporation established in 1875 and headquartered at Shibaura1-chome, Tokyo, Japan. Specialties in Energy, Social Infrastructure, Electronic Devices, Digital Solutions, and battery. Toshiba Corporation had nearly 128,697 Employees and had revenue of $34 Billion.
Qualcomm is an American multinational corporation established in 1985 and headquartered at Morehouse Dr., San Diego, California, 92121, United States. Specialties in Semiconductors, Wireless, LTE, Mobile, Networking, Wi-Fi, Small Cells, Wireless Health, Wireless Power, Wireless Electric Vehicle Charging, Augmented Reality, Display Technology, Location Services, and Internet of Things. QUALCOMM had nearly 37,000 Employees and had revenue of $24 Billion.