Automotive Semiconductor Market
Automotive Semiconductor Market Forecasts to 2030 - Global Analysis By Component (Processor, Microcontrollers, Analog IC, Discrete Power Device, Sensors, Memory Devices, Lighting Device and Other Components), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial (HCV) and Other Vehicle Types), Fuel Type, Application and by Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $53.91 BN |
|
Projected Year Value (2030) |
US $106.98 BN |
|
CAGR (2024 - 2030) |
12.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Automotive Semiconductor Market is accounted for $53.91 billion in 2024 and is expected to reach $106.98 billion by 2030 growing at a CAGR of 12.1% during the forecast period. Automotive semiconductors are essential to the modern automobile industry because they provide the mechanical foundation for control and electronics systems in cars. Numerous functions are made possible by these specialized semiconductor components, including infotainment, advanced driver-assistance systems (ADAS), power management, and motor control. Moreover, the need for reliable, efficient semiconductors that meet automotive standards is growing as cars become more electrified and autonomous, which is propelling advancements in efficiency, safety, and overall vehicle performance.
According to the Semiconductor Industry Association, The semiconductor industry is pivotal in driving technological advancements across various sectors, from consumer electronics to automotive and beyond.
Market Dynamics:
Driver:
Growth of hybrid and electric vehicles
Specialized semiconductor solutions are required for effective power management and energy conversion in the transition to electric and hybrid vehicles. Electric motor control units, power inverters, and battery management systems all depend heavily on semiconductors. Additionally, the demand for semiconductor technologies that can increase energy efficiency and performance is rising along with the global adoption of electric vehicles.
Restraint:
Expense and integration complexity
The integration of cutting-edge semiconductor technologies into automobiles is expensive and complex. Cost concerns must be balanced with the requirement for cutting-edge features by automotive manufacturers, particularly as semiconductor components get more complex and specialized. Furthermore, compatibility and reliability issues may arise from the intricacy of incorporating these technologies into current car architectures.
Opportunity:
Developments in connected vehicle technology
The proliferation of connected car technologies, such as in-vehicle connectivity and vehicle-to-everything (V2X) communication, presents new opportunities for semiconductor growth. For wireless communication, GPS navigation, cybersecurity, and infotainment systems, these technologies demand reliable semiconductor solutions. Moreover, semiconductor manufacturers can benefit from these opportunities by creating specialized solutions as consumers demand more intelligent and integrated vehicle features.
Threat:
Pricing pressures and intense competition
There are many national and international competitors fighting for market share in the fiercely competitive automotive semiconductor industry. Pricing pressures and margin erosion can result from intense competition, particularly when demand and supply dynamics are changing. Additionally, to stay profitable in a cutthroat industry, semiconductor makers need to constantly innovate, boost operational effectiveness, and set themselves apart from the competition.
Covid-19 Impact:
The COVID-19 pandemic had a major effect on the automotive semiconductor market by changing demand and production dynamics and upsetting the supply chain. Restrictions and lockdowns caused manufacturing facilities to temporarily close, which decreased semiconductor production and resulted in a shortage of supply. As production lines stopped and consumer confidence declined, the automotive industry as a whole saw a sharp decline in sales. Furthermore, the need for car semiconductors for infotainment and connectivity solutions increased as people shifted to using digital services and working from home more often.
The Analog IC segment is expected to be the largest during the forecast period
It is projected that the automotive semiconductor market will be dominated by the analog ICs (Integrated Circuits) segment. Many automotive applications, such as power management, signal processing, and sensor interfacing, depend on analog integrated circuits (ICs). These parts are necessary for the operation of many different systems, including infotainment, battery management, and engine control units. Moreover, real-world signals, such as temperature, pressure, and speed, can be converted by analog integrated circuits (ICs) into digital data that the electronic control units in vehicles can process.
The Passenger Car segment is expected to have the highest CAGR during the forecast period
In the automotive semiconductor market, the passenger car segment is projected to have the highest CAGR. The increasing use of infotainment, connectivity, advanced driver assistance systems (ADAS), and electrification in passenger cars is what is fueling this growth. Automakers are incorporating increasingly advanced semiconductor technologies to improve vehicle performance, safety, and user experience in response to growing consumer demand for safer, more connected, and environmentally friendly vehicles. Additionally, this growth is further fueled by the shift to electric vehicles (EVs), since passenger cars need sophisticated semiconductor solutions for motor control, power conversion, and battery management.
Region with largest share:
The Asia-Pacific region holds the largest share of the automotive semiconductor market. Leading automakers and semiconductor firms are based in nations like China, Japan, and South Korea, which are important automotive hubs. The region's well-developed workforce, strong government support for the electronics and automotive industries, and robust infrastructure all contribute to the market's growth. Furthermore, the significant share of Asia-Pacific in the global automotive semiconductor market is also attributed to the region's quick adoption of electric vehicles, developments in autonomous driving technologies, and rising consumer demand for cutting-edge in-car technologies.
Region with highest CAGR:
In the automotive semiconductor market, the North American region is anticipated to have the highest CAGR. The strong demand for electric vehicles, the considerable progress made in autonomous driving technologies, and the growing incorporation of infotainment and advanced driver-assistance systems (ADAS) in automobiles are the main drivers of this growth. This growth is driven by significant investments in automotive innovation, the presence of leading technology companies, and strong research and development capabilities. Additionally, driving the market are encouraging government policies and incentives for electric vehicles, as well as developments in vehicle connectivity.
Key players in the market
Some of the key players in Automotive Semiconductor market include STMicroelectronics, Renesas Electronics Corporation, Micron Technology, Inc, Analog Devices Inc., NXP Semiconductors N.V, TE Connectivity, Denso, Texas Instruments Inc., ON Semiconductor Corporation, Infineon Technologies AG, ROHM Semiconductor, Semiconductor Components Industries, LLC, Magna International, Allegro Microsystems, Robert Bosch GmbH and Toshiba Corporation.
Key Developments:
In June 2024, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and the Indian Institute of Technology Hyderabad (IITH) have signed a three-year memorandum of understanding (MOU) for research and collaboration in the field of VLSI and embedded semiconductor systems.
In April 2024, STMicroelectronics, , a global semiconductor leader serving customers across the spectrum of electronics applications, and Centrica Energy Trading A/S announced that they have signed a ten-year Power Purchase Agreement (PPA) for the supply of renewable energy to its operations in Italy, starting January 2025. The agreement is based on the sale by Centrica of approximately 61 GWh of renewable energy per year, produced by a new solar farm in Italy.
In February 2024, Toshiba Energy Systems and Solutions Corporation and Bekaert, have entered into a global partnership which includes a strategic cooperation agreement, and a manufacturing technology license for Membrane Electrode Assemblies (MEA), a key component for Proton Exchange Membrane (PEM) electrolyzers that will help to accelerate the advance towards green hydrogen production.
Components Covered:
• Processor
• Microcontrollers
• Analog IC
• Discrete Power Device
• Sensors
• Memory Devices
• Lighting Device
• Other Components
Vehicle Types Covered:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial (HCV)
• Other Vehicle Types
Fuel Types Covered:
• Gasoline
• Diesel
• Electric Vehicle
Applications Covered:
• Powertrain
• Advanced Driver Assistance Systems (ADAS)
• Safety
• Body Electronics
• Chassis
• Telematics and Infotainment
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Semiconductor Market, By Component
5.1 Introduction
5.2 Processor
5.3 Microcontrollers
5.4 Analog IC
5.5 Discrete Power Device
5.6 Sensors
5.7 Memory Devices
5.8 Lighting Device
5.9 Other Components
6 Global Automotive Semiconductor Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Car
6.3 Light Commercial Vehicle (LCV)
6.4 Heavy Commercial (HCV)
6.5 Other Vehicle Types
7 Global Automotive Semiconductor Market, By Fuel Type
7.1 Introduction
7.2 Gasoline
7.3 Diesel
7.4 Electric Vehicle
7.4.1 Hybrid Electric Vehicle (HEV)
7.4.2 Plug in Hybrid Electric Vehicle (PHEV)
7.4.3 Battery Electric Vehicle (BEV)
8 Global Automotive Semiconductor Market, By Application
8.1 Introduction
8.2 Powertrain
8.3 Advanced Driver Assistance Systems (ADAS)
8.4 Safety
8.5 Body Electronics
8.6 Chassis
8.7 Telematics and Infotainment
8.8 Other Applications
9 Global Automotive Semiconductor Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 STMicroelectronics
11.2 Renesas Electronics Corporation
11.3 Micron Technology, Inc
11.4 Analog Devices Inc.
11.5 NXP Semiconductors N.V.
11.6 TE Connectivity
11.7 Denso
11.8 Texas Instruments Inc.
11.9 ON Semiconductor Corporation
11.10 Infineon Technologies AG
11.11 ROHM Semiconductor
11.12 Semiconductor Components Industries, LLC
11.13 Magna International
11.14 Allegro Microsystems
11.15 Robert Bosch GmbH
11.16 Toshiba Corporation
List of Tables
1 Global Automotive Semiconductor Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive Semiconductor Market Outlook, By Component (2022-2030) ($MN)
3 Global Automotive Semiconductor Market Outlook, By Processor (2022-2030) ($MN)
4 Global Automotive Semiconductor Market Outlook, By Microcontrollers (2022-2030) ($MN)
5 Global Automotive Semiconductor Market Outlook, By Analog IC (2022-2030) ($MN)
6 Global Automotive Semiconductor Market Outlook, By Discrete Power Device (2022-2030) ($MN)
7 Global Automotive Semiconductor Market Outlook, By Sensors (2022-2030) ($MN)
8 Global Automotive Semiconductor Market Outlook, By Memory Devices (2022-2030) ($MN)
9 Global Automotive Semiconductor Market Outlook, By Lighting Device (2022-2030) ($MN)
10 Global Automotive Semiconductor Market Outlook, By Other Components (2022-2030) ($MN)
11 Global Automotive Semiconductor Market Outlook, By Vehicle Type (2022-2030) ($MN)
12 Global Automotive Semiconductor Market Outlook, By Passenger Car (2022-2030) ($MN)
13 Global Automotive Semiconductor Market Outlook, By Light Commercial Vehicle (LCV) (2022-2030) ($MN)
14 Global Automotive Semiconductor Market Outlook, By Heavy Commercial (HCV) (2022-2030) ($MN)
15 Global Automotive Semiconductor Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
16 Global Automotive Semiconductor Market Outlook, By Fuel Type (2022-2030) ($MN)
17 Global Automotive Semiconductor Market Outlook, By Gasoline (2022-2030) ($MN)
18 Global Automotive Semiconductor Market Outlook, By Diesel (2022-2030) ($MN)
19 Global Automotive Semiconductor Market Outlook, By Electric Vehicle (2022-2030) ($MN)
20 Global Automotive Semiconductor Market Outlook, By Hybrid Electric Vehicle (HEV) (2022-2030) ($MN)
21 Global Automotive Semiconductor Market Outlook, By Plug in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
22 Global Automotive Semiconductor Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
23 Global Automotive Semiconductor Market Outlook, By Application (2022-2030) ($MN)
24 Global Automotive Semiconductor Market Outlook, By Powertrain (2022-2030) ($MN)
25 Global Automotive Semiconductor Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2022-2030) ($MN)
26 Global Automotive Semiconductor Market Outlook, By Safety (2022-2030) ($MN)
27 Global Automotive Semiconductor Market Outlook, By Body Electronics (2022-2030) ($MN)
28 Global Automotive Semiconductor Market Outlook, By Chassis (2022-2030) ($MN)
29 Global Automotive Semiconductor Market Outlook, By Telematics and Infotainment (2022-2030) ($MN)
30 Global Automotive Semiconductor Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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