At 8.5% CAGR, Automotive Semiconductor Market is expected to reach USD 81.40 Billion by 2027 says Brandessence Market Research

PUNE, India, April 29, 2021 /PRNewswire/ — Global demand for Automotive Semiconductor Market Size, in terms of revenue, was worth of USD 45.98 Billion in 2020 and is expected to reach USD 81.40 Billion in 2027, growing at a CAGR of 8.5% from 2020 to 2027. 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.

Some major key players for global automotive semiconductor Industry report cover prominent players SAMSUNG, NXP Semiconductors., SK HYNIX INC., Renesas Electronics Corporation., Toshiba Electronic Devices

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The Worldwide EV Test Equipment Industry is Expected to Reach $105 Million by 2026 at a CAGR of 20.1% from 2021

DUBLIN, April 13, 2021 /PRNewswire/ — The “EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), by Electric Vehicle Type (BEV and HEV), by Equipment Type, by Application (EV Component and Drivetrain, EV Charging, and Powertrain), Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global EV test equipment market size is projected to reach USD 105 million by 2026, from an estimated USD 42 million in 2021, at a CAGR of 20.1%.

There have been a rising number of innovations in the EV test equipment market. This can be attributed

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9.3% CAGR Expected in Automotive Electronics Market by 2030: P&S Intelligence

NEW YORK, March 22, 2021 /PRNewswire/ — Every year, road accidents kill more than 1.3 million people, says the World Health Organization (WHO). As a result of the rising incidence of such events, several governments around the world are mandating the installation of advanced driver-assistance (ADAS) systems in automobiles. Due to this factor, the global automotive electronics market revenue is expected to rise to $615.3 billion by 2030 from $235.7 billion in 2019, at a 9.3% CAGR during 2020–2030.

This is because such advanced systems rely on an array of sensors and electronic modules to collect and ferry data

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Electric Range Rover expected to arrive in 2024

The fifth-generation Range Rover will be unveiled as a combustion engine model with hybrid technology later this year. It will be a key launch for Jaguar Land Rover because of the current model’s profitability.

Bollore said the new version will showcase a new direction for Land Rover. “The new Range Rover is incredible proof of modern luxury by design from JLR,” he said during the strategy presentation.

Electrification “will not compromise” the SUV brand’s off-road performance, Bollore said.

JLR head of design Gerry McGovern described the new Range Rover as being “breathtaking in its modernity,” in an interview with Automotive

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