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Automotive Semiconductor Market to Grow by USD 31.29 Billion (2024-2028) with ADAS Adoption, Report on AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global automotive semiconductor market size is estimated to grow by USD 31.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.45% during the forecast period. Rising adoption of advanced driver assistance system (ADAS) features in vehicles is driving market growth, with a trend towards increasing developments in semi-autonomous and autonomous vehicles. However, lack of standard protocols poses a challenge.Key market players include Allegro MicroSystems Inc., Analog Devices Inc., BorgWarner Inc., Continental AG, DENSO Corp., Elmos Semiconductor AG, Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Telematics and infotainment, Powertrain, Safety, Body electronics, and Chassis), Vehicle Type (Passenger vehicle, Light commercial vehicle, and Heavy commercial vehicle), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Allegro MicroSystems Inc., Analog Devices Inc., BorgWarner Inc., Continental AG, DENSO Corp., Elmos Semiconductor AG, Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp.

 

Key Market Trends Fueling Growth

The automotive semiconductor market is experiencing significant growth due to the increasing demand for integrated electronics in motor vehicles. Semiconductor technology plays a crucial role in vehicle electrification, with electric cars, electric vans, hybrid electric vehicles, and solar-powered vehicles becoming more popular. Advanced safety systems, comfort features, and emission control devices are key areas of focus. Tesla and other automakers are investing heavily in autonomous cars, utilizing advanced sensors like radar, LiDAR, and image sensors for accuracy. Power electronics, microprocessors, and connectivity devices are essential components. Security is a top concern, with potential threats like spoofing, evasion attacks, and poisoning attacks. Emission norms are driving the need for electronics in emission control. The passenger car segment, including sedans, hatchbacks, and vans, is a major market, with gasoline-powered engines also utilizing semiconductors for telematics and infotainment systems. Cable harnesses, network systems, and various types of ICs are integral to automotive electronics. 

Autonomous vehicles, also known as self-driving cars, utilize advanced technologies such as computers, the Internet, and smartphones to operate with minimal human intervention. These vehicles employ sensor-processing technologies, superior quality planning, adaptive algorithms, and communication systems to read and sense the environment. Companies are expanding production capacities to meet increasing demand, driven by reduced vehicle operating costs, travel convenience, and the encouragement of long-distance commutes. The integration of automation and connectivity technologies is revolutionizing the automotive industry. 

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Market Challenges

The automotive semiconductor market is experiencing significant growth due to the increasing demand for integrated electronics in motor vehicles. Semiconductor content in vehicles is on the rise, driven by trends like vehicle electrification, advanced safety systems, and comfort features. Electric vehicles (EVs), hybrid electric vehicles (HEVs), solar powered vehicles, and electric cars/vans are leading this shift. Semiconductor technology plays a crucial role in telematics, on-board infotainment, vehicle handling, safety features, emission control devices, luxury components, and more. Power electronics, microprocessors, advanced sensors (radar, LiDAR, image sensors), and connectivity devices are key components. However, challenges include ensuring accuracy, security, and reliability in these systems. Harmful exhaust emissions are a concern, leading to stricter emission norms. Autonomous cars face challenges like spoofing, evasion attacks, and poisoning attacks. Tesla, a major player, invests in advanced sensors and microprocessors. The passenger car segment, including sedans, hatchbacks, vans, and gasoline-powered engines, is undergoing digital transformation. Telematics and infotainment systems use cell phones and GPS receivers for location tracking, job dispatch, and vehicle diagnostics. Vehicle production units require cable harnesses, network systems, analog ICs, power devices, logic ICs, and other electronics.In the automotive semiconductor market, regulatory compliance is a significant challenge. Numerous regulations govern the production of automobiles, affecting both new and existing products. These regulations prioritize driver and passenger safety, theft prevention, and environmental impact. Each country or region sets its standards, requiring car companies to adapt their production processes for global distribution. This results in financial losses due to the need to establish multiple assembly units. Despite the financial burden, these regulations are essential for ensuring safety and compliance in the automotive industry.

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Segment Overview 

This automotive semiconductor market report extensively covers market segmentation by

Application 1.1 Telematics and infotainment1.2 Powertrain1.3 Safety1.4 Body electronics1.5 ChassisVehicle Type2.1 Passenger vehicle2.2 Light commercial vehicle2.3 Heavy commercial vehicleGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Telematics and infotainment- The automotive semiconductor market is experiencing significant growth due to the increasing adoption of telematics and infotainment systems in vehicles. These systems combine telecommunications and information technology to monitor vehicle locations and movements using onboard diagnostic systems and GPS. They offer services such as safety, security, and navigation to passengers, making them essential for both passenger comfort and fleet management. Insurance companies and fleet management firms extensively use these systems for efficient transportation and logistics, enabling real-time fleet monitoring and reducing fuel consumption. The integration of cloud computing technology further enhances the capabilities of these systems, contributing to the market’s growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The automotive semiconductor market is experiencing significant growth due to the increasing integration of electronics in motor vehicles. Semiconductor technology plays a crucial role in enabling advanced features such as vehicle electrification, safety systems, comfort systems, telematics, on-board infotainment, and emission control devices. The market for semiconductor content in automotive applications is expected to expand as the demand for electric vehicles (EVs), hybrid electric vehicles (HEVs), and solar-powered vehicles continues to rise. EVs and HEVs require more semiconductor content due to their complex power electronics systems. Advanced safety features, luxury components, and emission norms are also driving the demand for semiconductors in the automotive industry. Environmental concerns and the need to reduce harmful exhaust emissions are further boosting the market for semiconductor technology in motor vehicles.

Market Research Overview

The automotive semiconductor market is experiencing significant growth due to the increasing integration of electronics in motor vehicles. Semiconductor technology plays a crucial role in enabling advanced features such as vehicle electrification, safety systems, comfort systems, and telematics in various types of vehicles including electric cars, electric vans, hybrid electric vehicles, solar powered vehicles, and luxury components in premium segment cars. Semiconductor content in motor vehicles includes power electronics, microprocessors, advanced sensors, and connectivity devices. The trend towards electric vehicles (EVs) and hybrid vehicles (HEVs) is driving the demand for semiconductors, as these vehicles require more sophisticated power electronics for battery management and motor control. Autonomous cars are also pushing the boundaries of semiconductor technology, requiring high-performance microprocessors, radar, LiDAR, and image sensors for accurate perception and reliable operation. However, security is a major concern in automotive semiconductors, with potential threats such as spoofing, evasion attacks, and poisoning attacks posing challenges to the industry. Automotive electronics include cable harnesses, network systems, analog ICs, power devices, and logic ICs. The passenger car segment includes sedans, hatchbacks, and vans, while gasoline powered engines continue to dominate the market. Telematics and infotainment systems, including cell phones and GPS receivers, are also driving the demand for semiconductors in the automotive industry. Environmental concerns and emission norms are also playing a role in the growth of the automotive semiconductor market, as semiconductors enable more efficient emission control devices and help reduce harmful exhaust emissions. The market is expected to continue growing as the automotive industry embraces the digital transformation and strives to meet the demands of consumers for safer, more connected, and more sustainable vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTelematics And InfotainmentPowertrainSafetyBody ElectronicsChassisVehicle TypePassenger VehicleLight Commercial VehicleHeavy Commercial VehicleGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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AVAILABILITY OF ANNUAL GENERAL AND SPECIAL MEETING MATERIALS AND ALTERNATIVE VOTING PROCEDURES

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TSXV – AGAG

VANCOUVER, BC, Nov. 26, 2024 /CNW/ – Argenta Silver Corp. (TSXV: AGAG) (“Argenta” or the “Company”) announces that, due to the current delays and suspension of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers that commenced on November 15, 2024 (the “Postal Strike”), the notice of meeting and information circular (the “Meeting Materials”) for its upcoming annual and general special meeting being held on Tuesday December 17, 2024 (the “Meeting”) have not yet been mailed, but have been posted and are accessible on the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.argentasilver.com.  Shareholders of the Company are encouraged to access the Meeting Materials directly through the above-mentioned websites, or may contact the Company’s transfer agent, Computershare Trust Company of Canada (“Computershare”) toll-free between the hours of 8:30 AM and 8:00 PM EST at 1-800-564-6253 or email at service@computershare.com to request copies of the Meeting Materials. In the event that the Postal Strike ends prior to the Meeting, the Company will mail the Meeting Materials in the normal course, but there can be no assurance that the Meeting Materials will be received by the shareholders prior to the Meeting.  The Company is in the process of evaluating its options with respect to relief from the mailing requirements for the Meeting Materials and will provide an update if and when such relief is granted.

How Registered Shareholders Can Vote

Registered shareholders are shareholders who hold their shares directly in the Company, and not through a brokerage account or depository company. The Company is advised that registered shareholders may submit their votes by proxy by completing the form of proxy available on the Company’s SEDAR+ profile or on the Company’s website (both linked above) and sending the completed proxy to Computershare by email at service@computershare.com. Registered shareholders who require assistance submitting their votes by proxy may contact Computershare toll-free between the hours of 8:30 AM and 8:00 PM EST at 1-800-564-6253 or email at service@computershare.com.

How Beneficial Shareholders Can Vote

Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary.  Beneficial shareholders should contact their brokerage house or depository company or other intermediary and ask to obtain their voting control number and the steps of how to vote, which could include internet voting, completing a form of proxy and emailing it, directing your broker over the phone on how you wish to vote or some other method as described by your brokerage house or depository company.

Financial Statements and MD&A

Copies of the Company’s annual financial statements and related management discussion and analysis for the year ended December 31, 2023, as well as interim financial statements and related management discussion and analysis for the quarterly periods ended March 31, 2024 and June 30, 2024  (collectively, the “Financial Statements and MD&A”) have been filed and are available on the Company’s SEDAR+ profile at www.sedarplus.ca.

The Company will provide physical copies of the Financial Statements and MD&A to securityholders upon request by phone at 604-609-6100 or email at mborthwick@fiorecorporation.com.  Following the conclusion of the Postal Strike, shareholders requesting Financial Statements and MD&A will be delivered those documents in the ordinary course.

About Argenta Silver Corp.

Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta takes a disciplined, strategic approach to growth. With a strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand for silver—a critical metal in renewable energy and emerging technologies—while building a lasting and successful company.

On behalf of Argenta Silver Corp.

Geir Liland”      

Chief Executive Officer

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Argenta Silver Corp.

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Auriemma Group Uncovers Whether Stored Value Accounts are a Replacement to Traditional Banking

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The rapid evolution of FinTech solutions continues to reshape consumer perceptions of banking, with stored value accounts (SVAs) emerging as a potential competitor to traditional banking accounts and cards. Auriemma Group’s latest issue of The Payments Reports uncovers positive sentiments around SVAs, underscoring their role in the financial ecosystem and raising questions about their long-term viability as a banking alternative.

NEW YORK, Nov. 26, 2024 /PRNewswire-PRWeb/ — The rapid evolution of FinTech solutions continues to reshape consumer perceptions of banking, with stored value accounts (SVAs) emerging as a potential competitor to traditional banking accounts and cards. Auriemma Group’s latest issue of The Payments Reports uncovers positive sentiments around SVAs, underscoring their role in the financial ecosystem and raising questions about their long-term viability as a banking alternative.

While stored value accounts offer benefits like lower fees and faster transactions, traditional banks deliver stability, security, and trust—advantages that consumers continue to value.

SVAs offered by providers like PayPal and Venmo allow consumers to preload or receive funds and use them for a variety of transactions. Auriemma’s research shows that 61% of debit cardholders view SVAs as at least complementary to traditional banking, while 31% believe these accounts could replace at least some banking functions. Notably, 8% feel SVAs could entirely replace traditional banking services.

“Stored value accounts represent an important evolution in financial tools, but the collapse of Synapse underscores the risks of fintech intermediaries not covered by the FDIC,” says Jonathan O’Connor, Senior Manager of Research at Auriemma Group. “While stored value accounts offer benefits like lower fees and faster transactions, traditional banks deliver stability, security, and trust—advantages that consumers continue to value.”

What Can Traditional Banks Do?

SVAs are causing a modest stir among cardholders. Less than three-in-ten say they would be likely to use the option if offered by a FinTech provider. However, as SVAs grow in popularity, traditional banks can differentiate themselves by doubling down on their strengths and addressing evolving consumer needs. Auriemma’s research highlights several strategies banks can use to endear themselves to current and potential customers:

Building Trust: Traditional banks should emphasize their strong track record of security—including FDIC backing—and fraud prevention. Providing clear, transparent policies and educating customers about safeguards can build trust that SVAs may not yet fully inspire.
 Enhanced Digital Experiences: Streamlining mobile and online banking interfaces can help banks compete with the tech-first approach of FinTechs. User-friendly apps with integrated budgeting tools, instant payments, and easy account management could make a significant difference.
 Personalized Financial Products: Banks can leverage their broad customer data to offer tailored financial products, such as personalized savings plans or rewards programs that align with individual spending habits.
 Bundled Offerings: By packaging SVAs with more traditional banking services—like high-yield savings accounts, credit cards, and loans—banks can create holistic financial solutions that FinTechs may struggle to match.

Opportunities for Growth

Most of those who have used a SVA with a FinTech provider say they would likely use more of that provider’s products, if available. This highlights the possibility of expansion SVAs create for those who use them. While largely benefiting FinTechs hoping to expand into other financial services, SVAs could also be a gateway for traditional banks hoping to deepen their relationship with new and existing customers.

“Traditional banks have the advantage of deep customer relationships, established financial stability, and the trust that comes with rigorous regulatory oversight. By leaning into these strengths and innovating alongside FinTechs, banks can remain central to their customers’ financial lives,” says O’Connor.
“Our research shows that the future of banking will likely blend the reliability of traditional institutions with the agility and accessibility of modern FinTech solutions, creating a dynamic ecosystem that meets a diverse set of consumer needs.”

Media Contact

Jonathan O’Connor, Auriemma Group, 1-646-437-6116, jonathan.oconnor@acg.net, www.auriemma.group

View original content:https://www.prweb.com/releases/auriemma-group-uncovers-whether-stored-value-accounts-are-a-replacement-to-traditional-banking-302316988.html

SOURCE Auriemma Group

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6D Technologies Recognized as ‘Best of IT Service Excellent Gold Partner of the Year’ at Smartfren Awards 2024

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BENGALURU, India, Nov. 27, 2024 /PRNewswire/ — 6D Technologies is honored to announce its receiving of the ‘Best of IT Service Excellent Gold Partner of the Year’ at the prestigious Smartfren Awards 2024. This recognition highlights 6D Technologies’ relentless commitment to delivering innovative and impactful IT solutions that drive success for Smartfren and its customers.

6D Technologies’ partnership with Smartfren spans multiple years of collaboration, innovation, and shared growth. By consistently delivering customized solutions and exceptional service, 6D Technologies and Smartfren have become trusted partners in their journey of digital transformation. 

“We are incredibly proud to be recognized as the ‘Best of IT Service Excellent Gold Partner of the Year’. This award reflects our commitment to fostering strong partnerships and providing groundbreaking solutions that empower our clients to lead in a digital-first world. Thank you, Smartfren, for this esteemed recognition. Together, we continue to set benchmarks for innovation and excellence!” said Abhilash Sadanandan, Co-Founder and CEO of 6D Technologies. 

About Smartfren Awards

The Smartfren Awards celebrate outstanding achievements and partnerships that propel the company’s mission of innovation and excellence. This annual event acknowledges the critical contributions of partners who share a vision for driving progress and enriching customer experiences. 

About 6D Technologies

6D Technologies is a global leader in digital transformation solutions, offering cutting-edge technologies in areas like digital BSS, AI, IoT, Digital Financial Solutions, and more. With a customer-first approach and a proven track record, 6D Technologies empowers enterprises to navigate the complexities of today’s digital landscape and achieve sustainable growth.

 

SOURCE 6D Technologies

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