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Automotive Semiconductor Market

Automotive Semiconductor Market Size, Share and Segmentation by Component (Processor, Sensors, Discrete Power, Memory, Others), by Application (Chassis, Safety, Powertrain, Telematics & Infotainment, Body Electronics), by Vehicle Type (Passenger Vehicles, LCV, HCV), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1595 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Semiconductor Market Size was valued at USD 44.28 billion in 2021 and is expected to reach USD 66.59 billion by 2028 and grow at a CAGR of 6% over the forecast period 2022-2028.

Semiconductors are particular types of electronic components that have the ability to conduct electricity under certain conditions. Semiconductors are employed in automobiles to ensure that the connected component performs well under all circumstances. The key components of semiconductors used in automobiles are silicon and germanium, which are necessary for the efficient operation of automotive electronics. Semiconductors installed in vehicles assist in a variety of tasks, including managing the vehicle's air conditioning system and ensuring the vehicle's safety. Because current cars incorporate features such as mobile phone integration, comfort, autonomous driving aids, and performance, semiconductors are required for the majority of automotive development achievements.

Automotive Semiconductor Market Revenue Graph

As automobiles become more complicated, demand for automotive semiconductors will rise steadily, providing a strong long-term growth engine for the industry. In autos, semiconductors ensure that the connected component operates well in all conditions. The basic components of semiconductors used in automobiles are silicon and germanium, which are necessary for the optimal operation of automotive electronics.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Advancements in vehicle-based technology, such as the introduction of enhanced driver assistance systems & infotainment.

  • Greater willingness to adopt electric vehicles, contribute to the market's growth.

  • The need for safety features in automobiles is increasing.

RESTRAINTS: 

  • Operational issues as a result of extreme weather.

  • The market's global expansion is hampered by its high initial cost and complex structure.

OPPORTUNITIES: 

  • The growing popularity of electric and hybrid automobiles.

  • Increased technical advancement & innovation in ADAS would provide sufficient chances for market expansion.

CHALLENGES: 

  • Extreme climatic conditions cause operational breakdowns.

  • Maintaining a balance between product cost and quality, as well as continual component size optimization.

IMPACT OF COVID-19:

The COVID-19 pandemic and the subsequent steps adopted to reduce the infection rate caused major commercial volatility, which had a detrimental influence on sectors all around the world. Various industries, like the automobile and semiconductor industry, have suffered significant setbacks as a result of the epidemic. Semiconductor sales for automotive applications are determined by the volume of vehicles delivered, as well as the extent of vehicle electrification and digitization. There has been a significant drop in vehicle sales as a result of the COVID-19 pandemic. The decline in passenger and commercial vehicle sales hampered the growth of the automotive semiconductor market. Furthermore, due to anticipated delays in international export and import shipments, the electric car industry experienced production and raw material supply delays.

KEY MARKET PLAYERS:

Analog Devices, Inc., Micron Technology, Renesas Electronics Corp., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., On Semiconductor Corp, Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Toshiba Corp., and Texas Instruments, Inc. are some of the affluent competitors with significant market share in the Automotive Semiconductor Market.

MARKET ESTIMATION: 

Market, By Component:

Based on the component segment, the global market has been divided into Processor, Sensors, Discrete Power, Memory, and Others. These components aid in the electrification, networking, and shared mobility services of vehicles. The automotive chip, which is built into the vehicle, provides a warning to the driver and assists them in taking the appropriate actions in the event of an accident or crash. Logic integrated circuits (ICs) are widely employed in navigation and entertainment systems.

Market, By Application:

The global market has been divided into Chassis, Safety, Powertrain, Telematics & Infotainment, and Body Electronics based on the application segment. In 2020, the body electronics segment had the biggest market share of roughly 24%. Telematics and infotainment, powertrain, and safety are the fastest-growing applications involving semiconductor use in vehicles. The telematics & infotainment sector is expected to grow at a CAGR of more than 9.2%.

Market, By Vehicle Type:

Based on the vehicle type segment, the global market has been divided into passenger vehicles, LCV, and HCV. In 2020, passenger vehicles held the biggest market share of more than 66 percent. The strong demand for passenger automobiles around the world is to blame for this growth. The light commercial vehicle category is expected to rise at a CAGR of 4.8 percent, giving the industry plenty of room to grow globally.

MARKET SEGMENTATION:

By Component:

  • Processor

  • Sensors

  • Discrete Power

  • Memory

  • Others

By Application:

  • Chassis

  • Safety

  • Powertrain

  • Telematics & Infotainment

  • Body Electronics

By Vehicle Type:

  • Passenger Vehicles

  • LCV

  • HCV

Automotive Semiconductor Market Segment Chart

REGIONAL ANALYSIS:

The global market was led by the Asia Pacific region. In 2020, the region will have a market share of more than 42%. Because of the rise of the automotive industry, particularly in rising economies like India, China, and Japan, the region is expected to be the fastest-growing market over the projection period. China led the market in the Asia Pacific in 2020 and is likely to continue to do so during the forecast period. Furthermore, the region's burgeoning e-commerce industry is expected to drive up demand for commercial cars in the future years.

Nearly the forecast period, Europe is expected to have the second-highest CAGR of over 5.5 percent. Electric car demand is expected to increase in Europe, fueling industry growth. Automakers are constantly focused on creating, innovating, and developing autonomous vehicles, which have attracted a significant number of buyers in key automotive manufacturing countries. Semiconductors are expected to become a crucial part of the automotive industry's advancements in the next years, thanks to consumer desire for smart and completely driverless vehicles.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Semiconductor Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 44.28  Billion
Market Size by 2028 US$ 66.59  Billion
CAGR CAGR of 6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Processor, Sensors, Discrete Power, Memory, Others),
• by Application (Chassis, Safety, Powertrain, Telematics & Infotainment, Body Electronics)
• by Vehicle Type (Passenger Vehicles, LCV, HCV),
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Analog Devices, Inc., Micron Technology, Renesas Electronics Corp., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., On Semiconductor Corp, Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Toshiba Corp., and Texas Instruments, Inc.
Key Drivers •Advancements in vehicle-based technology, such as the introduction of enhanced driver assistance systems & infotainment.

•Greater willingness to adopt electric vehicles, contribute to the market's growth.
RESTRAINTS •Operational issues as a result of extreme weather.

•The market's global expansion is hampered by its high initial cost and complex structure.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Semiconductor Market Segmentation, by Component

8.1 Processor

8.2 Sensors

8.3 Discrete Power

8.4 Memory

8.5 Others

     

9. Global Automotive Semiconductor Market Segmentation, by Application

9.1 Chassis

9.2 Safety

9.3 Powertrain

9.4 Telematics & Infotainment

9.5 Body Electronics

 

10. Global Automotive Semiconductor Market Segmentation, by Vehicle type

10.1 Passenger vehicles

10.2 LCV

10.3 HCV

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GmbH,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Analog Devices, Inc.

12.3 Micron Technology

12.4 Renesas Electronics Corp.

12.5 Infineon Technologies AG

12.6 NXP Semiconductors N.V.

12.7 Renesas Electronics Corp.

12.8 On Semiconductor Corp

12.9 Robert Bosch GmbH

12.10 ROHM Co., Ltd.

12.11 STMicroelectronics N.V.

12.12 Toshiba Corp.

12.13 Texas Instruments, Inc.

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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