Automotive&TransportationWorld

The APAC automotive semiconductor market is expected to witness enormous growth during the forecast period, owning to the increasing concerns for passenger’s safety, along with the growing importance of original equipment manufacturers (OEMs) toward the development of an efficient production option, by introducing additional high-tech features in their latest vehicle models. Additionally, the growing adoption of advanced driver-assistance systems as well as hybrid and electric vehicles, has further driven the growth of the market. On the basis of vehicle type, the APAC automotive semiconductor market is categorized into, two-wheelers, passenger cars, light commercial vehicles (LCVs), and medium and heavy commercial vehicles (M&HCVs). Among these, the passenger cars category is expected to showcase substantial growth during the forecast period, mostly due to significant increase in the purchase of sport utility vehicles (SUVs) and crossovers, in the APAC region. For in...

The North American automotive semiconductor market is expected to witness notable growth during the forecast period 2019–2024, owning to the growing industry focus on safety regulations for automobiles, especially with respect to the incorporation of advanced lane departure warning systems, airbags, and electronic braking systems. Additionally, the increasing adoption of new vehicle technologies, such as electric vehicles and autonomous vehicles, is enhancing the growth prospects for the market. On the basis of vehicle type, the North American automotive semiconductor market is classified into two-wheelers, passenger cars, light commercial vehicles (LCVs), and medium and heavy commercial vehicles (M&HCVs). Among these, the light commercial vehicles category is expected to register the fastest growth in the forecast period, owning to the greater demand for pick-up trucks in the region. Moreover, North America’s top three automobile manufacturers—General Motors Company, Ford ...

The global fuel cell commercial vehicle market is expected to witness notable growth during the forecast period 2019–2025, on account of favorable incentive programs by governments of several countries to boost the adoption of eco-friendly vehicles. Several governments across the globe are focusing on decreasing air pollution by encouraging the adoption of eco-friendly vehicles, which include fuel cell vehicles. These vehicles do not discharge harmful pollutants, such as hydrocarbons, carbon monoxide, and volatile organic compounds. On the basis of vehicle type, the fuel cell commercial vehicle market has been categorized into light commercial vehicle (LCV), medium commercial vehicle (MCV), and heavy commercial vehicle (HCV). Among these, LCVs held the largest share in the market in 2018. This can be mainly attributed to the high demand for LCVs, supported by the higher adoption of fuel cell technology in these vehicles as compared to other vehicles. Industry Drivers Awaren...