Semiconductor Devices for Electric Vehicle Market 2025 Research Report By Device Type (Power Semiconductor Devices, Analog Semiconductor Devices, Digital Semiconductor Devices, MEMS Sensors, Microcontrollers), By Application (Powertrain, Battery Management Systems, Infotainment Systems, Driver Assistance Systems, Body Control Systems), and by Region- Global Forecast to 2034
May-2025 Formats | PDF | Category: Automotive | Delivery: 24 to 72 Hours
“The Semiconductor Devices for Electric Vehicle Market is expected to expand from 13.59 Billion in 2025 to $ 44.78 Billion in 2034, with a compound annual growth rate of 14.09% “
Semiconductor Devices for Electric Vehicle Market: Overview and Growth in the Upcoming Year
As the world transitions to a cleaner and more sustainable future, the market for semiconductor devices for electric vehicles is growing dramatically. These parts are crucial to the efficient operation of electric vehicles because they enable advancements in power electronics, battery management systems, and general vehicle performance. This article will analyse the current status of semiconductor devices for the electric vehicle market as well as the projected growth for the upcoming year.
The semiconductor devices that are crucial to electric vehicle technology include power semiconductors like MOSFETs, IGBTs, and diodes, as well as microcontrollers and sensors for system monitoring and control. These semiconductors provide the parts needed for energy management, motor control, and power conversion.
The rising demand for electric vehicles is one of the primary factors propelling the semiconductor device market’s growth. Governments around the world are enforcing stringent regulations to reduce carbon emissions and promote the use of electric vehicles, which is increasing the demand for semiconductor devices to facilitate the production of electric vehicles. Advances in battery technology, electric drivetrains, and autonomous driving systems are also driving the need for more sophisticated semiconductor components in electric vehicles.
It is anticipated that the market for semiconductor devices for electric vehicles will keep growing and developing in the coming years. The integration of artificial intelligence, machine learning, and Internet of Things (IoT) technology will present new opportunities for electric vehicle manufacturers to create cutting-edge solutions for the automotive industry. The market for semiconductor devices will also be fueled by advancements in solid-state battery technology and the expansion of infrastructure for electric vehicle charging.
For Insights Consultancy’s latest market intelligence study, “Global Semiconductor Devices for Electric Vehicle Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Microchip Technology
- Texas Instruments
- Infineon Technologies
- Semtech
- ON Semiconductor
Industry News
18 Feb 2025 Solving Key Challenges in EV Charging with Microchip Technology
As electric vehicle (EV) adoption grows globally, the demand for efficient, reliable and secure EV charging infrastructure rises. Microchip Technology addresses these needs by offering advanced solutions that help developers overcome key challenges in the EV charging landscape. Here’s a breakdown of the essential areas where we are making a difference in EV charging.
15 Apr 2025 Texas Instruments Unveils Advanced Chips to Enhance Vehicle Safety and Autonomy. The semiconductor company introduces new lidar, clock and radar solutions that promise to improve autonomous driving capabilities while meeting current safety standards across a wider range of vehicles.
21 JUN 2024 Texas Instruments and Delta Electronics announce collaboration to advance electric vehicle onboard charging
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Device Type
- Power Semiconductor Devices
- Analog Semiconductor Devices
- Digital Semiconductor Devices
- MEMS Sensors
- Microcontrollers
Segment By Packaging Type
- Surface Mount Technology
- Through-Hole Technology
- Chip-on-Board
- Ball Grid Array
- Dual In-line Package
Segment By Technology
- Silicon
- Silicon Carbide
- Gallium Nitride
- Mixed-Signal Technology
- Analog Technology
Segment By Application
- Powertrain
- Battery Management Systems
- Infotainment Systems
- Driver Assistance Systems
- Body Control Systems
Regional Deep-dive Analysis:
North America
United States
The US is a major player in the electric vehicle market as more people choose electric cars. The demand for semiconductor devices in electric vehicles is expected to increase in the coming years as the country pushes for more environmentally friendly modes of transportation. Businesses like Tesla, which have led the way in the development of electric vehicles, have increased demand for complex semiconductor devices.
Canada
With a focus on reducing carbon emissions and promoting ecologically friendly mobility, the market for electric vehicles is growing in Canada as well. As the government provides incentives to encourage people to switch to electric vehicles, it is projected that the Canadian market for semiconductor devices for electric vehicles will grow gradually. Major automakers’ investments in electric car technologies are predicted to boost demand for semiconductor devices.
Mexico
While Mexico’s electric vehicle market is still in its infancy, the semiconductor device market is expected to grow significantly over the next several years. As the government passes legislation to promote the use of electric vehicles, it is expected that more people will select eco-friendly forms of transportation. This will lead to a greater demand for advanced semiconductor devices in electric vehicles.
Asia-Pacific
China
China has emerged as a market leader in electric vehicles by placing a high priority on technological innovation and eco-friendly transportation options. China has a significant demand for semiconductor devices in electric vehicles due to government initiatives to promote clean energy vehicles. Major semiconductor companies like Huawei and NXP Semiconductors are investing heavily in research and development to meet the growing demand for state-of-the-art semiconductor devices in electric vehicles.
Japan
Japan is a market leader in electric vehicles and has a long history of innovation in the automotive industry. There is a great demand for semiconductor devices in electric vehicles as a result of Japanese automakers gradually incorporating state-of-the-art electronics and communication technologies into their cars. Leading the way in the development of cutting-edge semiconductor devices for electric vehicles are Japanese semiconductor companies such as Toshiba Corporation and Renesas Electronics.
India
India is one of the markets for electric vehicles with the fastest rate of growth because of government initiatives to reduce carbon emissions and growing environmental awareness. The demand for semiconductor devices in electric vehicles is rising in India as automakers introduce new models to meet consumer demand. Innovative semiconductor solutions for electric vehicles are being developed by Indian semiconductor companies like Infosys and Wipro, leveraging their technological expertise.
South Korea
Another major competitor in the electric car market is South Korea, which places a strong emphasis on technological advancements and environmentally friendly transportation options. South Korea’s demand for semiconductor devices in electric vehicles is rising as a result of the government’s introduction of incentives to promote the use of electric vehicles. Leading South Korean semiconductor companies, such as Samsung Electronics and SK Hynix, are heavily investing in research and development to produce high-performance semiconductor devices for electric vehicles.
Europe
Germany
Germany is a significant player in the European EV market thanks to strong government support and a growing network of charging stations. The demand for semiconductor devices in electric vehicles is rising as German automakers focus on developing state-of-the-art models. Companies like Bosch and Infineon Technologies AG are leading the way in semiconductor innovation for electric vehicles in Germany.
France
France is also making significant strides in the electric vehicle industry with initiatives to reduce carbon emissions and promote eco-friendly transportation. The French market for semiconductor devices for electric vehicles is growing as a result of investments made in R&D by companies such as STMicroelectronics and NXP Semiconductors.
United Kingdom
The UK is another important market for semiconductor devices used in electric vehicles because of the growing demand for eco-friendly transportation options. The government’s plan to phase out gasoline and diesel cars is driving the UK’s transition to electric vehicles. Companies such as Renesas Electronics and Dialogue Semiconductor are contributing to the development of semiconductor devices for electric vehicles in the United Kingdom.
Italy
Italy has also shown a growing interest in electric vehicles, with a focus on reducing air pollution and promoting sustainable mobility. The Italian market for semiconductor devices for electric vehicles is expanding, thanks to companies like Microchip Technology and STMICROELECTRONICS at the forefront of innovation. The government’s incentives for the use of electric vehicles are driving growth in the Italian semiconductor device market.
Middle East and Africa
The Middle East’s electric vehicle market is growing rapidly as a result of government initiatives to reduce carbon emissions and promote eco-friendly transportation. Countries like Saudi Arabia, Israel, and the United Arab Emirates are at the forefront of the electric vehicle adoption trend. The demand for semiconductor devices in this field is anticipated to rise sharply as automakers invest in producing high-performance electric vehicles.
Africa
Africa is seeing a surge in the use of electric vehicles, particularly in countries like South Africa and Kenya. The need for reliable and efficient semiconductor devices in electric vehicles is driving the market’s expansion in the region. Government incentives for the adoption of electric vehicles and the development of charging infrastructure are driving up demand for semiconductor devices in Africa.
The research provides answers to the following key questions:
- What is the expected growth rate of the Semiconductor Devices for Electric Vehicle Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Semiconductor Devices for Electric Vehicle Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Semiconductor Devices for Electric Vehicle Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
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Table of Contents
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