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.
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.
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.
Operational issues as a result of extreme weather.
The market's global expansion is hampered by its high initial cost and complex structure.
The growing popularity of electric and hybrid automobiles.
Increased technical advancement & innovation in ADAS would provide sufficient chances for market expansion.
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, 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.
Telematics & Infotainment
By Vehicle Type:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 44.28 Billion|
|Market Size by 2028||US$ 66.59 Billion|
|CAGR||CAGR of 6% From 2022 to 2028|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
8.3 Discrete Power
9. Global Automotive Semiconductor Market Segmentation, by Application
9.4 Telematics & Infotainment
9.5 Body Electronics
10. Global Automotive Semiconductor Market Segmentation, by Vehicle type
10.1 Passenger vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH,
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
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