Automotive Semiconductor Market Research Report (By Component: Processor, Discrete Power, Sensor, Memory, and Others; By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle; By Application: Chassis, Powertrain, Safety, Telematics & Infotainment, and Body Electronics) - Global Forecasts to 2024 to 2030
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Automotive Semiconductor Market Outlook (2024 to 2030)
Automotive Semiconductor market is projected to grow at a 11.4% CAGR from 2024 to 2030, reaching a value of over USD 113.54 billion by 2030.
A notable surge characterizes the automotive semiconductor market, propelled by the automotive industry’s escalating adoption of cutting-edge technologies. Semiconductors have become integral in the contemporary automotive sector, fueling diverse electronic components like infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle (EV) technologies.
The quest for streamlined and interconnected vehicles has intensified the requirement for sophisticated semiconductor solutions, fostering the global growth of the automotive semiconductor market. A pivotal catalyst for the market’s expansion is the escalating demand for electric vehicles (EVs) and the integration of sophisticated technologies into conventional vehicles. EVs, particularly, rely extensively on semiconductors for vital functions such as power management, battery control, and electric propulsion systems.
As the automotive industry continues to invest significantly in the realm of electrification, the demand for automotive semiconductors is poised for substantial growth. The current shortage of semiconductors in the automotive industry been caused by an increase in demand for chips and supply chain disruptions and the shift to more advanced technology, resulting in delays in production as well as a decrease in production capacity of vehicles globally. This shortage has affected various aspects of the supply chain, impacting the availability of crucial components needed for modern automobiles.
Furthermore, the ascent of autonomous vehicles stands as another influential factor propelling the automotive semiconductor market’s growth trajectory. Autonomous vehicles heavily hinge on advanced sensors, processors, and communication systems—all intricately powered by semiconductors. The surge toward autonomous driving not only enhances vehicular safety but also instigates innovative developments within the semiconductor sector.
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Segment Analysis
Component Insights
The power discrete sector dominated the market for automotive semiconductors by 2023 with a part of 28 percent. The automotive sector is in need of semiconductors in all components. These components help in the connectivity, electrification, and transfer of services in automobiles. The memory segment is the fastest expanding segment of the market for automotive semiconductors by 2023. This is due to the increasing electrification of key automotive applications like the powertrain that is causing a rise in the demand for energy components.
Vehicle Type Insights
The segment for passenger vehicles has been responsible for 66% of the of revenue by 2023. The strong demand for passenger vehicles all over the world is responsible for the rapid growth of this segment. The segment for light commercial vehicles is the fastest-growing segment in the semiconductor industry for automobiles until 2023. The rise of lighter commercial vehicle is expected to be driven by the rapid pace of urbanization, improvement in road infrastructure, the regulatory frameworks for buying commercial vehicles, as well as the growth of e-commerce channels.
Application Insights
In 2023 the body electronics segment has brought in 24% of revenues The increasing demand for semiconductor components for safety-related applications is caused by strict standards and regulations. The telematics and infotainment sector is, however is expected to grow rapidly in the coming years. Automobile manufacturers are increasing the use of semiconductor components in information and telematics applications due to the increasing competition between car manufacturers to provide better ease of use and comfort to their clients.
Growth Drivers
These semiconductors form a type of electrical component that has the capability of conducting electricity in certain circumstances. They are semiconductors are utilized in automobiles to ensure that the component is operating optimally in every situation. The most important semiconductors that are that are used in cars are silicon and germanium that are necessary for proper functioning of electronic components in automobiles. The semiconductors used in automobiles aid in a wide range of roles, including controlling the air conditioning system of the vehicle and ensuring the safety of the vehicle.
The semiconductors are the basis for a lot of technological advancements in the automotive industry. Modern vehicles include features like phones that integrate with mobile phones, heads-up displays and autonomous driving aids for comfort and performance that all require semiconductor support. Additionally, advances in car-based technology, like the development of advanced driver assistance systems information technology, and telematics as well in a growing desire to switch to electric automobiles are all contributing to the worldwide development in the automobile semiconductor market.
Restraints
The overall price of motor vehicles With increasing demands and expectations from consumers as well as growing competition among OEMs, innovation is always a major aspect of the automotive industry. In addition, regulatory compliance is also a key driving force behind the current wave of technological innovation in the automobile. Manufacturers are rushing to achieve higher standards for fuel efficiency that are rooted in worries about dependence on oil and the environment, particularly global warming. Another factor that is driving technological advancement is the growing quantity of electronic components that are driven by software that are used in automobiles in the present.
These components facilitate faster innovation not just in telematics or on-board infotainment, but as well in other features that relate to vehicle handling safety, service reliability, and performance. But, the addition of new safety features such as emission control devices and other luxury equipment due to the demand of consumers or compliance with regulations, ultimately raises the cost of the car.
The cost is not a major issue for premium segment cars, but the demand for smaller and mid-sized cars is heavily influenced by the price of the car. Every automaker is striving to offer the most effective security and comfort features can be purchased at a reasonable cost. This limits the use of semiconductors in vehicles since semiconductor is the main component of these features. The rising price of the vehicle due to the increasing electronic devices could limit the expansion of the market for semiconductors.
Key Companies in the Automotive Semiconductor Market include
- Robert Bosch GmbH
- NXP Semiconductors N.V.
- Texas Instruments Inc.
- Analog Devices Inc.
- ON Semiconductor Corporation
- Renesas Electronics Corporation
- Infineon Technologies AG
- STMicroelectronics N.V.
- ROHM Co. Ltd
- Toshiba Corporation
New Developments
In July 2023, Renesas Electronics Corporation announced a development board for automotive gateway systems. The R-Car S4 Starter Kit is a low-cost, readily available development board for building software using the Renesas R-Car S4 system on a chip. (SoC). In June 2023, Intellias announced its partnership with Elmos Semiconductor to reinforce Elmos with software engineering expertise and support development processes to create software for lighting, ranging, and optical sensors used in the most modern vehicles.
The company announced in May of 2022 that Continental (Germany) expanded its range of sensors by unveiling two new sensors designed for electric vehicles that include The Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. Both of these new products are focused on protecting the battery, and/or the battery’s parameter retention.
In October 2021, Infineon Technologies (Germany) introduced the SLI37 automotive security controller: an easy-to-design and reliable trust anchor to secure safety-critical automotive applications such as 5G-ready eUICC (eCall), vehicle-to-everything (V2X) communication, car access, or software updates over the air (SOTA) updates.
NXP Semiconductors announced the availability of a complete Wi-Fi 6 range from April to 2020. significantly expanding the number of devices and markets that are able to implement the most current Wi-Fi standard. STMicroelectronics has released the first STM32L5-based microcontroller to be used in the the internet of Things in February 2020.
featuring a very low power consumption as well as data security. The 2021 summer of July was when NXP Semiconductors (Netherlands) announced a partnership with Ford to offer improved driver experiences across its worldwide fleet of vehicles, which includes those in 2021, such as the Ford F-150 pickup, Mustang Mach-E and Bronco SUVs. Ford’s latest fully networked car architecture will incorporate NXP’s car networking processors and its i.MX 8 Series of processors.
Automotive Semiconductor Market Regional Outlook
Asia-Pacific to be the Fastest Growing Region
It is believed that the Asia-Pacific automobile semiconductor industry is driven by the growth in automotive manufacturing and the ongoing collaboration between OEMs of automotive and semiconductor makers. Fuel efficiency and cost are not the main factors to be considered when purchasing an automobile. Instead the luxury and comfort provided by the vehicle are much more important. This could be due by the fact worldwide automakers are witnessing a booming demand for luxurious and semi-luxury vehicles, which are causing them to add greater electronic parts, which is pushing the Asia-Pacific automotive semiconductor market. Because of this that there is a huge opportunity for the Asia-Pacific automotive semiconductor industry is an opportunity for market.
The rapid growth of the Asia-Pacific automotive semiconductor industry is predicted to be fueled by increasing demand for electric vehicles. Automobile manufacturers will continue to invent, develop autonomous cars and come up with self-driving vehicles that have already attracted many customers in the major automotive manufacturing countries. The development of fully autonomous cars will be significantly dependent on a number of aspects, such as technological advances, the willingness of consumers to allow fully automated cars, pricing as well as suppliers and OEMs’ ability to address the major concerns regarding the safety of vehicles.
Segments Covered in the Automotive Semiconductor Market
Automotive Semiconductor Market by Component
- Processor
- Discrete Power
- Sensor
- Memory
- Others
Automotive Semiconductor Market by Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Semiconductor Market by Fuel Type
- Gasoline
- Diesel
- Electric/Hybrid Electric Vehicle (EV/HEV)
Automotive Semiconductor Market by Application
- Chassis
- Powertrain
- Safety
- Telematics & Infotainment
- Body Electronics
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Frequently Asked Questions with Answers
What Is the Worth of Global Automotive Semiconductor Market?
Automotive Semiconductor market is projected to grow at a 11.4% CAGR from 2024 to 2030, reaching a value of over USD 113.54 billion by 2030.
What Are Some of the Market’s Driving Forces?
key factors underscore the transformative impact of semiconductors in the automotive industry: Rise of Electric Vehicles (EVs), Integration of Advanced Technologies, Autonomous Driving Revolution, Increasing Connectivity Features.
Which Are the Top Companies Hold the Market Share in Automotive Semiconductor Market?
The report profiles key players such as Robert Bosch GmbH, NXP Semiconductors N.V., Texas Instruments Inc., Analog Devices Inc., ON Semiconductor Corporation, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., ROHM Co. Ltd, Toshiba Corporation.
Which Is the Largest Regional Market for Automotive Semiconductor Market?
Asia Pacific Is the Largest Regional Market for Automotive Semiconductor Market.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Semiconductor Market
5.1. COVID-19 Landscape: Automotive Semiconductor Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Semiconductor Market, By Component
8.1. Automotive Semiconductor Market, by Component Type, 2023-2030
8.1.1. Processor
8.1.1.1. Market Revenue and Forecast (2023-2030)
8.1.2. Discrete Power
8.1.2.1. Market Revenue and Forecast (2023-2030)
8.1.3. Sensor
8.1.3.1. Market Revenue and Forecast (2023-2030)
8.1.4. Memory
8.1.4.1. Market Revenue and Forecast (2023-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2023-2030)
Chapter 9. Global Automotive Semiconductor Market, By Vehicle Type
9.1. Automotive Semiconductor Market, by Vehicle Type, 2023-2030
9.1.1. Passenger Vehicle
9.1.1.1. Market Revenue and Forecast (2023-2030)
9.1.2. Light Commercial Vehicle
9.1.2.1. Market Revenue and Forecast (2023-2030)
9.1.3. Heavy Commercial Vehicle
9.1.3.1. Market Revenue and Forecast (2023-2030)
Chapter 10. Global Automotive Semiconductor Market, By Fuel Type
10.1. Automotive Semiconductor Market, by Fuel Type, 2023-2030
10.1.1. Gasoline
10.1.1.1. Market Revenue and Forecast (2023-2030)
10.1.2. Diesel
10.1.2.1. Market Revenue and Forecast (2023-2030)
10.1.3. Electric/Hybrid Electric Vehicle (EV/HEV)
10.1.3.1. Market Revenue and Forecast (2023-2030)
Chapter 11. Global Automotive Semiconductor Market, By Application
11.1. Automotive Semiconductor Market, by Application, 2023-2030
11.1.1. Chassis
11.1.1.1. Market Revenue and Forecast (2023-2030)
11.1.2. Powertrain
11.1.2.1. Market Revenue and Forecast (2023-2030)
11.1.3. Safety
11.1.3.1. Market Revenue and Forecast (2023-2030)
11.1.4. Telematics & Infotainment
11.1.4.1. Market Revenue and Forecast (2023-2030)
11.1.5. Body Electronics
11.1.5.1. Market Revenue and Forecast (2023-2030)
Chapter 12. Global Automotive Semiconductor Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Component (2023-2030)
12.1.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.1.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.1.4. Market Revenue and Forecast, by Application (2023-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.1.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.1.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.1.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Component (2023-2030)
12.1.6.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.1.6.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.1.6.4. Market Revenue and Forecast, by Application (2023-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Component (2023-2030)
12.2.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.2.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.2.4. Market Revenue and Forecast, by Application (2023-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.2.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.2.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.2.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Component (2023-2030)
12.2.6.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.2.6.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.2.6.4. Market Revenue and Forecast, by Application (2023-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Component (2023-2030)
12.2.7.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.2.7.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.2.7.4. Market Revenue and Forecast, by Application (2023-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Component (2023-2030)
12.2.8.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.2.8.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.2.8.4. Market Revenue and Forecast, by Application (2023-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Component (2023-2030)
12.3.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.3.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.3.4. Market Revenue and Forecast, by Application (2023-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.3.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.3.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.3.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Component (2023-2030)
12.3.6.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.3.6.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.3.6.4. Market Revenue and Forecast, by Application (2023-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Component (2023-2030)
12.3.7.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.3.7.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.3.7.4. Market Revenue and Forecast, by Application (2023-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Component (2023-2030)
12.3.8.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.3.8.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.3.8.4. Market Revenue and Forecast, by Application (2023-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Component (2023-2030)
12.4.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.4.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.4.4. Market Revenue and Forecast, by Application (2023-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.4.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.4.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.4.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Component (2023-2030)
12.4.6.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.4.6.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.4.6.4. Market Revenue and Forecast, by Application (2023-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Component (2023-2030)
12.4.7.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.4.7.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.4.7.4. Market Revenue and Forecast, by Application (2023-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Component (2023-2030)
12.4.8.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.4.8.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.4.8.4. Market Revenue and Forecast, by Application (2023-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Component (2023-2030)
12.5.5.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.5.5.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.5.5.4. Market Revenue and Forecast, by Application (2023-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Component (2023-2030)
12.5.6.2. Market Revenue and Forecast, by Vehicle Type (2023-2030)
12.5.6.3. Market Revenue and Forecast, by Fuel Type (2023-2030)
12.5.6.4. Market Revenue and Forecast, by Application (2023-2030)
Chapter 13. Company Profiles
13.1. Robert Bosch GmbH
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. NXP Semiconductors N.V.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Texas Instruments Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Analog Devices Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. ON Semiconductor Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Renesas Electronics Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Infineon Technologies AG
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. STMicroelectronics N.V.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. ROHM Co. Ltd
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Toshiba Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
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