Market Insights - Industry Research Report

Automotive Semiconductor Market

Automotive Semiconductor Market Size, Share, & Growth Report by Component (Processor, Analog IC, Discrete Power Device, Sensor, Memory, and Lightning Device), By Vehicle Type (Passenger Car, LCV, and HCV), By Fuel Type (Gasoline, Diesel, and EV/HEV), By Application (Powertrain, Safety, Body Electronics, Chassis, Telematic and Infotainment), and By Region -Global and Regional Industry Overview, Market Intelligence, Premium Insight, Complete Analysis, Historical Data, and Forecasts 2023 – 2030

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)

  1. Processor
  2. Analog IC
  3. Discrete Power Device
  4. Sensor
  5. Memory
  6. Lighting Device

Automotive Semiconductor Market by Vehicle Type Outlook (Revenue, USD Million, 2017 – 2030)

  1. Passenger Car
  2. LCV
  3. HCV

Automotive Semiconductor Market by Fuel Type Outlook (Revenue, USD Million, 2017 – 2030)

  1. Gasoline
  2. Diesel
  3. EV/HEV

Automotive Semiconductor Market by Application Outlook (Revenue, USD Million, 2017 – 2030)

  1. Powertrain
  2. Safety
  3. Body Electronics
  4. Chassis
  5. Telematics and Infotainment

Automotive Semiconductor Market by Region Outlook (Revenue, USD Million, 2017 – 2030)

  1. North America
    • The U.S.
    • Canada
    • Mexico
  2. Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  3. Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Southeast Asia
  4. The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  5. 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.

Frequently Asked Questions

The main reasons anticipated to propel the automotive semiconductor market during the forecast period are expanding electric vehicles and overall automotive market.
According to the report, the global automotive semiconductor market size was worth USD 45.3 billion in 2022 and is estimated to grow to USD 95 billion by 2030, with a CAGR of roughly 9.7 % over the forecast period.
Asia Pacific is anticipated to continue leading the automotive semiconductor market throughout the projected period. The well-established automotive infrastructure and growing use of hybrid and electric vehicles are credited with this.
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., and Renesas Electronics Corp.

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