Global Automotive Semiconductor Market, By Component (Processors, Analog ICS, Discrete Power Devices, Sensors, Memory Devices, Lighting Devices), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Fuel Type (Gasoline, Diesel, Electric and Hybrid), Application (Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment) – Industry Trends and Forecast to 2029.
Automotive Semiconductor Market Analysis and Size
In recent years, advanced technologies such have been increasingly incorporated into mass production of automobiles. Improvements have also been made in 3D mapping applications, E.V. batteries, and augmented-reality technologies. Furthermore, 5G networks have enabled the sector's next generation of mobility solutions.
Data Bridge Market Research analyses that the automotive semiconductor market was valued at USD 42.52 billion in 2021 and is expected to reach the value of USD 104.76 billion by 2029, at a CAGR of 11.93% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Semiconductor Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Processors, Analog ICS, Discrete Power Devices, Sensors, Memory Devices, Lighting Devices), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Fuel Type (Gasoline, Diesel, Electric and Hybrid), Application (Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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SAP (Germany), BluJay Solutions (U.K.), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), Robert Bosch GmbH (Germany), ROHM CO., LTD (Japan), Semiconductor Components Industries, LLC (U.S.), Texas Instruments Incorporated (U.S.), TOSHIBA CORPORATION (Japan)
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Market Opportunities
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Market Definition
Semiconductors are a type of electronic component that has the ability to conduct electricity under certain conditions. Automobiles use semiconductors to ensure that the associated component works properly under all conditions. Semiconductors used in automobiles are made of silicon and germanium, which are the basic components required for the proper operation of automotive electronics. Semiconductors installed in vehicles assist in controlling numerous operations such as controlling the vehicle's air conditioner system and ensuring the vehicle's safety.
Global Automotive Semiconductor Market Dynamics
Drivers
- rapid expansion of the automotive industry
A semiconductor is used in the automotive industry to control the fail-safe system, manage electrical control unit operations, and automotive fault-tolerant systems, where it handles vehicle errors and communicates them to the microcontrollers and safety systems installed throughout vehicles. As a result, semiconductors are an essential component of the automotive sector, and the industry's rapid development is expected to support market growth throughout the forecast period.
- Growing road fatalities is creating a need for advanced safety features
As road accidents increase, there is a growing demand for safety technologies such as parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tyre pressure monitors, airbags, and telematics. Automotive semiconductors are a critical component in many advanced driver assistance systems (ADAS) technologies, which help systems operate effectively by detecting and classifying objects in the vehicle's path and alerting the driver about the vehicle's surroundings and road conditions. Based on calculations made by semiconductors and related parts, these systems can also automatically slow down or stop the car based on road conditions.
Opportunity
Electric and hybrid vehicles are becoming increasingly popular around the world. The primary factor expected to contribute to the development of a mainstream market for electric vehicles in the near future is the decreasing cost of components such as lithium-ion batteries, sensors, and microcontrollers. Furthermore, governments worldwide strongly encourage electric vehicles because of their critical role in reducing carbon emissions and addressing air pollution.
Restraints
High vehicle costs, combined with continuous component size optimization, act as market restraints for automotive semiconductors during the forecasted period.
This automotive semiconductor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive semiconductor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Semiconductor Market
COVID-19 has impacted various industries worldwide, resulting in travel bans, global lockdown, and delays and disruptions in various enterprises' and supply chains. The semiconductor industry has also been severely impacted by the ongoing unprecedented occurrence, with a dramatic drop in revenues. Despite the growing uncertainty, semiconductor manufacturers, particularly chipmakers, are attempting to keep operations running and develop a long-term strategy.
Recent Development
- In September 2021, Infineon Technologies AG started its new high-tech chip factory in Villach, Austria. This plant will manufacture power electronics on 300-millimeter thin wafers to support various connected features in a variety of automotive applications.
- In July 2021, ON Semiconductor announced a new AutoX Gen5 self-driving platform for its LiDAR and image sensing technologies. With the help of 28 2D image sensors and four 3D LiDAR sensors, this Gen5 autonomous technology enables fully driverless RoboTaxi for the transportation of goods and people.
- In June 2021, ON Semiconductor announced their new silicon carbide MOSFET module for electric vehicles. These MOSFETs reduce thermal resistance during operation, making them ideal for industrial applications. MOSFETs have increased power density, reduced electromagnetic interference, reduced system weight and size, and improved efficiency.
- In June 2021, NXP Semiconductors NV launched their new S32 family system for vehicle architecture, the S32R294 radar and S32G2 vehicle network processors,. These processors, which are based on TSMC's advanced 16 nanometer FinFET process technology, will enable carmakers to build fully configurable and connected cars in the future by supporting over-the-air updates, secure cloud connectivity, and vehicle health management.
Global Automotive Semiconductor Market Scope
The automotive semiconductor market is segmented on the basis of component, vehicle type, fuel type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Processors
- Microprocessor units (MPUS)
- Microcontroller units (MCUS)
- Digital signal processors (DSPS)
- Graphic processing units (GPUS)
- Analog ICS
- Small signal transistors
- Power transistors
- Thyristors
- Rectifiers
- Diodes
- Discrete Power Devices
- Sensors
- Image sensors
- Complementary metal-oxide semiconductor (CMOS)
- Image sensors, and charge-coupled devices (CCDS)
- Pressure sensors
- Inertial sensors
- Accelerometers
- Gyroscopes
- Temperature sensors
- Radars
- Memory Devices
- Dynamic random-access memory (DRAM)
- Static random-access memory (SRAM)
- Lighting Devices
Vehicle type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Fuel type
- Gasoline
- Diesel
- Electric
- Hybrid
Application
- Powertrain
- Engine control
- Hev/Ev motor
- Transmission
- Safety
- Air bags
- Electronic stability control
- Adaptive cruise control
- Night vision
- TPMS
- Parking assistance
- Body Electronics
- Body control modules
- Seta
- Doors
- Mirror & windows control
- HVAC systems
- Chassis
- Brakes
- Steering
- Suspension
- Traction control
- Vehicle dynamics management
- Telematics and Infotainment
- Dashboards
- Navigation
- Connectivity devices
- Audio-video systems
Automotive Semiconductor Market Regional Analysis/Insights
The automotive semiconductor market is analysed and market size insights and trends are provided by country, component, vehicle type, fuel type, and application as referenced above.
The countries covered in the automotive semiconductor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe will dominate the automotive semiconductor market due to the government's growing concern about security and public safety.
Asia-Pacific will grow in the forecast period of 2022-2029 due to the region's growing automobile sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Semiconductor Market Share Analysis
The automotive semiconductor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive semiconductor market.
Some of the major players operating in the automotive semiconductor market are:
- SAP (Germany)
- BluJay Solutions (U.K)
- ANSYS, Inc. (U.S.)
- Keysight Technologies, Inc. (U.S.)
- Analog Devices, Inc. (U.S.)
- Infineon Technologies AG (Germany)
- NXP Semiconductors (Netherlands)
- Renesas Electronics Corporation (Japan)
- Robert Bosch GmbH (Germany)
- ROHM CO., LTD (Japan)
- Semiconductor Components Industries, LLC (U.S.)
- Texas Instruments Incorporated (U.S.)
- TOSHIBA CORPORATION (Japan)
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