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(Transportation-News.com, January 22, 2018 ) North America Automotive Semiconductor market is anticipated to reach USD 103.02 Billion by 2024 from USD 29.21 Billion in 2017 at a CAGR of 22.19%. Factors involved in the growth of the market include increased demand for semiconductors in automotive industries and growing awareness for safety measures.
Electronic system comprises the major part in the automotive industry, the increase in the usage of semiconductors and automobiles with high reliability, smaller size and lower costs are the current trends followed by all the automotive manufacturers which are boosting up the importance of the semiconductors in the automobile industry and even more models are going to make entry to the industry with high furnished features like automatic driving and lane changing assistance so the automotive semiconductor markets are having the highest scope of growth in the forecast period.
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North America Automotive Semiconductor Market Top Players
• Toshiba Corporation
• NXP Semiconductors
• Texas Instruments
• ST Microelectronics
• Robert Bosch
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