Automotive Semiconductor Market: Overview
The global automotive semiconductor market size was worth USD 45.30 billion in 2022 and is estimated to grow to USD 95.01 billion by 2030, with a CAGR of approximately 9.7 % over the forecast from 2023 to 2030.
The automotive industry has evolved so much that cars are almost like computers on wheels. Electric and hybrid vehicles are becoming increasingly popular as people look for ways to reduce their carbon footprint and save money on gas. These vehicles use electricity as their primary fuel source, either by storing it in a battery or by generating it on the fly using a gasoline engine; this has increased the market of automotive semiconductors in recent years. With the increase in demand for electrical verification and safety in vehicles the opportunity for the market has gone up and will be increasing. These enable intelligent functions like blind spot detection, backup cameras, lane change assist, adaptive cruise control, and emergency braking systems. Each of these systems requires semiconductors to work. But the device limits to be used in normal weather are a restraint for the market. There are some other market restraints like a die-attach failure and encapsulation failure.
Automotive Semiconductor Market Drivers:
The enactment of stringent emission and fuel economy norms and government incentives for promoting the purchase and adoption of hybrid vehicles has been a big driver of the automotive semiconductor market. Governments taking stringent actions, in the form of regulation and incentives, along with the increased initiatives for the provision of public charging stations for electric vehicles, the semiconductor market studied is expected to grow at a high rate.
Automotive Semiconductor Market: Restraints
The use of semiconductors is limited to only normal weather; in extreme ones, they fail, which is a big restraint for the semiconductor market. These can bear the temperature from 15 °C to 85 °C. In temperatures higher than this, they tend to melt, and in colder temperatures, they break down. There are certainly more issues with the semiconductors like encapsulation failure, oxide layer faults, aluminum metal faults, and others.
Automotive Semiconductor Market: Segmentation
The global automotive semiconductor market has been segmented into components, vehicle type, fuel type, and applications.
Based on vehicle type, passenger cars, LCVs, and HCV are segments of the global automotive semiconductor market. In 2022, the passenger cars category dominated the market. Essentially, cars are increasingly becoming computers on wheels. They now include such elements as heads-up displays, autonomous driving aids, sensors, cell phones, communication integration, and high-performance elements in their engines. This is possible thanks to semiconductors, which are driving innovation in vehicle advancement. Passenger vehicles are widely being used as electric vehicles in comparison to the LCVs and HCVs which makes it the fastest-growing segment.
Based on fuel type, the automotive semiconductor market is segmented into gasoline, diesel, and EV/HEV. In 2021, the EV/HV category dominated the market. The use of semiconductors in the auto industry is expected to expand as new applications develop. Semiconductors ensure vehicle compliance. Even more revolutionary is the autonomous car, already moving from concept to reality with a range of technologies now in place that help enable this capability. Mostly the semiconductor is used in Evs as these need more compliance and is a modern technology providing better safety to the vehicle.
Automotive Semiconductor Market: Regional Landscape
Due to growing automotive sectors in the countries like China, India, and Japan and growing demand for automobiles, Asia Pacific is anticipated to have a dominating position in the worldwide market for automotive semiconductors in 2022. The automotive and service systems in the North American area are well-established and include the most recent technological advancements. Large corporations have made significant investments in the US’s newer technologies, and this expansion is anticipated to continue. Additionally, between 2022 and 2030, the market in Asia Pacific is anticipated to develop at the greatest CAGR. The region’s growing demand for new and hybrid vehicles for the sake of the environment is causing the rise. In addition, the modernization of public vehicles, a surge in start-up firms, and acquisitions &mergers in the automotive sector have all aided in the growth of the automotive sectors in China, Japan, India, and South Korea. Asia Pacific dominated the EV/HEV market in 2022.
COVID-19 Impact on Automotive Semiconductor Market:
The exponential increase in COVID-19 cases worldwide has placed a heavy load on the automotive industry. Semiconductor companies moved decisively to protect employees, secure supply chains, and address other pressing concerns. Companies reimagined and reformed their business models. In addition, many service centers have implemented AI algorithms for the service of cars. Only the most needed automobiles were given priority in manufacturing, which has impacted the market negatively.
Automotive Semiconductor Market: Competitive Landscape
Some of the main competitors dominating the global automotive semiconductor market include- Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., Texas Instruments, Inc and STMicroelectronics NV.
Global Automotive Semiconductor Market is segmented as follows:
Automotive Semiconductor Market by Component Outlook (Revenue, USD Million, 2017 – 2030)
- Processor
- Analog IC
- Discrete Power Device
- Sensor
- Memory
- Lighting Device
Automotive Semiconductor Market by Vehicle Type Outlook (Revenue, USD Million, 2017 – 2030)
- Passenger Car
- LCV
- HCV
Automotive Semiconductor Market by Fuel Type Outlook (Revenue, USD Million, 2017 – 2030)
- Gasoline
- Diesel
- EV/HEV
Automotive Semiconductor Market by Application Outlook (Revenue, USD Million, 2017 – 2030)
- Powertrain
- Safety
- Body Electronics
- Chassis
- Telematics and Infotainment
Automotive Semiconductor Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Smart Baby Monitor Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2022 | USD 45.3 billion |
| Revenue Forecast in 2030 | USD 95 billion |
| Growth Rate | CAGR of 9.7 % from 2023 to 2030 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 – 2022 |
| Forecast Years | 2023 – 2030 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
| Report Coverage | Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered | Component, Vehicle Type, Fuel Type, Application, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled | Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., Texas Instruments, Inc and STMicroelectronics NV. |
Table of Content
Automotive Semiconductor Market Size, Share, Growth, and Forecast Report
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Component
1.4.2. Vehicle Type
1.4.3. Fuel Type
1.4.4. Application
2. Automotive Semiconductor Market Overview
2.1. Introduction
2.2. Analysis by Component, 2017-2030 (US$ Billion)
2.3. Analysis by Vehicle Type, 2017-2030 (US$ Billion)
2.4. Analysis by Fuel Type, 2017-2030 (US$ Billion)
2.5. Analysis by Application, 2017-2030 (US$ Billion)
2.6. Market Analysis by Region, 2017-2030 (US$ Billion)
3. Automotive Semiconductor Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Components
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Component
3.6.2. Vehicle Type
3.6.3. Fuel Type
3.6.4. Application
3.6.5. Region
3.7. Value Chain Analysis
4. Automotive Semiconductor Market Competition Analysis
4.1. Automotive Semiconductor Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global Automotive Semiconductor Market Analysis by Component, Vehicle Type, Fuel Type and Application, 2017-2030 (US$ Billion)
5.1. Component
5.1.1. Global Automotive Semiconductor Market Share, by Component, 2021 and 2030
5.1.2. Global Automotive Semiconductor Market Revenue, by Component, 2017-2030 (US$ Billion)
5.1.3. By Processor Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Analog IC Market Analysis 2017-2030 (US$ Billion)
5.1.5. By Discrete Power Device Market Analysis 2017-2030 (US$ Billion)
5.1.6. By Sensor Market Analysis 2017-2030 (US$ Billion)
5.1.7. By Memory Market Analysis 2017-2030 (US$ Billion)
5.1.8. By Lighting Device Market Analysis 2017-2030 (US$ Billion)
5.2. Vehicle Type
5.2.1. Global Automotive Semiconductor Market Share, by Vehicle Type, 2021 and 2030
5.2.2. Global Automotive Semiconductor Market Revenue, by Vehicle Type, 2017-2030 (US$ Billion)
5.2.3. By Passenger Car Market Analysis 2017-2030 (US$ Billion)
5.2.4. By LCV Market Analysis 2017-2030 (US$ Billion)
5.2.5. By HCV Market Analysis 2017-2030 (US$ Billion)
5.3. Fuel Type
5.3.1. Global Automotive Semiconductor Market Share, by Fuel Type, 2021 and 2030
5.3.2. Global Automotive Semiconductor Market Revenue, by Fuel Type, 2017-2030 (US$ Billion)
5.3.3. By Gasoline Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Diesel Market Analysis 2017-2030 (US$ Billion)
5.3.5. By EV/HEV Market Analysis 2017-2030 (US$ Billion)
5.4. Application
5.4.1. Market Share, by Application, 2021 and 2030
5.4.2. Market Revenue, by Application, 2017-2030 (US$ Billion)
5.4.3. By Powertrain Market Analysis 2017-2030 (US$ Billion)
5.4.4. By Safety Market Analysis 2017-2030 (US$ Billion)
5.4.5. By Body Electronics Market Analysis 2017-2030 (US$ Billion)
5.4.6. By Chassis Market Analysis 2017-2030 (US$ Billion)
5.4.7. By Telematics and Infotainment Market Analysis 2017-2030 (US$ Billion)
6. Global Automotive Semiconductor Market Component Analysis by Region, 2017-2030 (US$ Billion)
6.1. Processor Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Analog IC Market Analysis 2017-2030 (US$ Billion)
6.3. Discrete Power Device Market Analysis 2017-2030 (US$ Billion)
6.4. Sensor Market Analysis 2017-2030 (US$ Billion)
6.5. Memory Market Analysis 2017-2030 (US$ Billion)
6.6. Lighting Device Market Analysis 2017-2030 (US$ Billion)
7. Global Automotive Semiconductor Market Vehicle Type Analysis by Region, 2017-2030 (US$ Billion)
7.1. Passenger Car Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. LCV Market Analysis 2017-2030 (US$ Billion)
7.3. HCV Market Analysis 2017-2030 (US$ Billion)
8. Global Automotive Semiconductor Market Fuel Type Analysis by Region, 2017-2030 (US$ Billion)
8.1. Gasoline Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Diesel Market Analysis 2017-2030 (US$ Billion)
8.3. EV/HEV Market Analysis 2017-2030 (US$ Billion)
9. Global Automotive Semiconductor Market Application Analysis by Region, 2017-2030 (US$ Billion)
9.1. Powertrain Market Analysis 2017-2030 (US$ Billion)
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. Safety Market Analysis 2017-2030 (US$ Billion)
9.3. Body Electronics Market Analysis 2017-2030 (US$ Billion)
9.4. Chassis Market Analysis 2017-2030 (US$ Billion)
9.5. Telematics and Infotainment Market Analysis 2017-2030 (US$ Billion)
10. Automotive Semiconductor Market Analysis by Geography, 2017-2030 (US$ Billion)
10.1. North America Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.1.1. U.S. Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.1.1.1. Component
10.1.1.2. Vehicle Type
10.1.1.3. Fuel Type
10.1.1.4. Application
10.1.2. Canada Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.1.3. Mexico Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2. Europe Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.1. UK Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.1.1. Component
10.2.1.2. Vehicle Type
10.2.1.3. Fuel Type
10.2.1.4. Application
10.2.2. France Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.3. Germany Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.4. Spain Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.5. Russia Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.6. Italy Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.2.7. Rest of Europe Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3. Asia Pacific Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.1. China Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.1.1. Component
10.3.1.2. Vehicle Type
10.3.1.3. Fuel Type
10.3.1.4. Application
10.3.2. Japan Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.3. South Korea Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.4. India Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.5. Australia Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.6. Southeast Asia Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.7. Taiwan Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.3.8. Rest of Asia Pacific Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.4. Latin America Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.4.1. Brazil Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.4.1.1. Component
10.4.1.2. Vehicle Type
10.4.1.3. Fuel Type
10.4.1.4. Application
10.4.2. Argentina Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.4.3. Rest of Latin America Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5. Middle East Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5.1. Israel Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5.1.1. Component
10.5.1.2. Vehicle Type
10.5.1.3. Fuel Type
10.5.1.4. Application
10.5.2. Turkey Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5.3. Saudi Arabia Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5.4. UAE Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.5.5. Rest of Middle East Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.6. Africa Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.6.1. Egypt Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.6.1.1. Component
10.6.1.2. Vehicle Type
10.6.1.3. Fuel Type
10.6.1.4. Application
10.6.2. South Africa Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
10.6.3. Rest of Africa Automotive Semiconductor Market Analysis 2017-2030 (US$ Billion)
11. Company Profiles
11.1. Analog Devices Inc
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Infineon Technologies AG
11.3. Micron Technology
11.4. NXP Semiconductors N.V.
11.5. On Semiconductor Corp.
11.6. Renesas Electronics Corp.
11.7. Robert Bosch GmbH
11.8. ROHM Co.Ltd.
11.9. Texas Instruments Inc
11.10. STMicroelectronics NV.
12. COVID-19 Impact Analysis
12.1. Global Automotive Semiconductor Market, 2020 – 2030, Pre-V/S Post COVID 19
12.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Automotive Semiconductor Market Size In 2022, By Scenario
12.3. Impact on Supply Chain and Production in Automotive Semiconductor Market
12.4. Impact on Import and Export
13. Import-Export Analysis
13.1. North America Automotive Semiconductor Import-Export, 2017 – 2021
13.2. Europe Automotive Semiconductor Import-Export, 2017 – 2021
13.3. Asia Pacific Automotive Semiconductor Import-Export, 2017 – 2021
13.4. Latin America Automotive Semiconductor Import-Export, 2017 – 2021
13.5. Middle East America Automotive Semiconductor Import-Export, 2017 – 2021
13.6. Africa Automotive Semiconductor Import-Export, 2017 – 2021
14. Automotive Semiconductor Marketing Channel Analysis
14.1. Marketing Channel
14.1.1. Direct Marketing
14.1.2. Indirect Marketing
14.1.3. Development Trend
14.2. Market Positioning
15. Automotive Semiconductor Manufacturing Cost Analysis
15.1. Key Raw Materials
15.2. Key Raw Material Suppliers
15.3. Market Concentration Rate
15.4. Manufacturing Cost Structure
15.5. Process Analysis
16. Conclusion
Automotive Semiconductor Market by Component Outlook
- Processor
- Analog IC
- Discrete Power Device
- Sensor
- Memory
- Lighting Device
Automotive Semiconductor Market by Vehicle Type Outlook
- Passenger Car
- LCV
- HCV
Automotive Semiconductor Market by Fuel Type Outlook
- Gasoline
- Diesel
- EV/HEV
Automotive Semiconductor Market by Application Outlook
- Powertrain
- Safety
- Body Electronics
- Chassis
- Telematics and Infotainment
