Report Scope & Overview:
Automotive Semiconductor Market Size was valued at USD 44.9 billion in 2023 and is expected to reach USD 84.97 billion by 2031 and grow at a CAGR of 8.3% over the forecast period 2024-2031.
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.
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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.
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 20203, the body electronics segment had the biggest market share of roughly 24%. Telematics and Automotive Infotainment Systems, powertrain, and safety are the fastest-growing applications involving semiconductor use in vehicles.
Market, By Vehicle Type:
Based on the vehicle type segment, the global market has been divided into passenger vehicles, LCV, and HCV. In 20203, passenger vehicles held the biggest market share of more than 66 %. The strong demand for passenger automobiles around the world is to blame for this growth.
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
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REGIONAL ANALYSIS:
The global market was led by the Asia Pacific region. In 2023, 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 2023 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 market share. 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
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
KEY PLAYERS:
Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Toshiba Corp., Texas Instruments, Inc., Semiconductor Components Industries LLC, are some of the affluent competitors with significant market share in the Automotive Semiconductor Market.
Analog Devices Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 44.9 Billion |
| Market Size by 2031 | US$ 84.97 Billion |
| CAGR | CAGR of 8.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Toshiba Corp., Texas Instruments, Inc., Semiconductor Components Industries LLC |
| 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. |
The Automotive Semiconductor Market grow at a CAGR of 8.3% over the forecast period 2024-2031.
Automotive Semiconductor Market Size was valued at USD 84.97 billion in 2023.
Forecast period of Automotive Semiconductor Market is 2024-2031.
Automotive Semiconductor Market is segmented into three segments by Component, by Application, by Vehicle Type.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive Semiconductor Market Segmentation, By Component
9.1 Introduction
9.2 Trend Analysis
9.3 Processor
9.4 Sensors
9.5 Discrete Power
9.6 Memory
9.7 Others
10. Automotive Semiconductor Market Segmentation, By Vehicle Type
10.1 Introduction
10.2 Trend Analysis
10.3 Passenger Vehicles
10.4 LCV
10.5 HCV
11. Automotive Semiconductor Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Chassis
11.4 Safety
11.5 Powertrain
11.6 Telematics & Infotainment
11.7 Body Electronics
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Semiconductor Market by Country
12.2.3 North America Automotive Semiconductor Market By Component
12.2.4 North America Automotive Semiconductor Market By Vehicle Type
12.2.5 North America Automotive Semiconductor Market By Application
12.2.6 USA
12.2.6.1 USA Automotive Semiconductor Market By Component
12.2.6.2 USA Automotive Semiconductor Market By Vehicle Type
12.2.6.3 USA Automotive Semiconductor Market By Application
12.2.7 Canada
12.2.7.1 Canada Automotive Semiconductor Market By Component
12.2.7.2 Canada Automotive Semiconductor Market By Vehicle Type
12.2.7.3 Canada Automotive Semiconductor Market By Application
12.2.8 Mexico
12.2.8.1 Mexico Automotive Semiconductor Market By Component
12.2.8.2 Mexico Automotive Semiconductor Market By Vehicle Type
12.2.8.3 Mexico Automotive Semiconductor Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Semiconductor Market by Country
12.3.2.2 Eastern Europe Automotive Semiconductor Market By Component
12.3.2.3 Eastern Europe Automotive Semiconductor Market By Vehicle Type
12.3.2.4 Eastern Europe Automotive Semiconductor Market By Application
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Semiconductor Market By Component
12.3.2.5.2 Poland Automotive Semiconductor Market By Vehicle Type
12.3.2.5.3 Poland Automotive Semiconductor Market By Application
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Semiconductor Market By Component
12.3.2.6.2 Romania Automotive Semiconductor Market By Vehicle Type
12.3.2.6.4 Romania Automotive Semiconductor Market By Application
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Semiconductor Market By Component
12.3.2.7.2 Hungary Automotive Semiconductor Market By Vehicle Type
12.3.2.7.3 Hungary Automotive Semiconductor Market By Application
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Semiconductor Market By Component
12.3.2.8.2 Turkey Automotive Semiconductor Market By Vehicle Type
12.3.2.8.3 Turkey Automotive Semiconductor Market By Application
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Semiconductor Market By Component
12.3.2.9.2 Rest of Eastern Europe Automotive Semiconductor Market By Vehicle Type
12.3.2.9.3 Rest of Eastern Europe Automotive Semiconductor Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Semiconductor Market by Country
12.3.3.2 Western Europe Automotive Semiconductor Market By Component
12.3.3.3 Western Europe Automotive Semiconductor Market By Vehicle Type
12.3.3.4 Western Europe Automotive Semiconductor Market By Application
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Semiconductor Market By Component
12.3.3.5.2 Germany Automotive Semiconductor Market By Vehicle Type
12.3.3.5.3 Germany Automotive Semiconductor Market By Application
12.3.3.6 France
12.3.3.6.1 France Automotive Semiconductor Market By Component
12.3.3.6.2 France Automotive Semiconductor Market By Vehicle Type
12.3.3.6.3 France Automotive Semiconductor Market By Application
12.3.3.7 UK
12.3.3.7.1 UK Automotive Semiconductor Market By Component
12.3.3.7.2 UK Automotive Semiconductor Market By Vehicle Type
12.3.3.7.3 UK Automotive Semiconductor Market By Application
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Semiconductor Market By Component
12.3.3.8.2 Italy Automotive Semiconductor Market By Vehicle Type
12.3.3.8.3 Italy Automotive Semiconductor Market By Application
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Semiconductor Market By Component
12.3.3.9.2 Spain Automotive Semiconductor Market By Vehicle Type
12.3.3.9.3 Spain Automotive Semiconductor Market By Application
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Semiconductor Market By Component
12.3.3.10.2 Netherlands Automotive Semiconductor Market By Vehicle Type
12.3.3.10.3 Netherlands Automotive Semiconductor Market By Application
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Semiconductor Market By Component
12.3.3.11.2 Switzerland Automotive Semiconductor Market By Vehicle Type
12.3.3.11.3 Switzerland Automotive Semiconductor Market By Application
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Semiconductor Market By Component
12.3.3.12.2 Austria Automotive Semiconductor Market By Vehicle Type
12.3.3.12.3 Austria Automotive Semiconductor Market By Application
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Semiconductor Market By Component
12.3.3.13.2 Rest of Western Europe Automotive Semiconductor Market By Vehicle Type
12.3.3.13.3 Rest of Western Europe Automotive Semiconductor Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Semiconductor Market by Country
12.4.3 Asia-Pacific Automotive Semiconductor Market By Component
12.4.4 Asia-Pacific Automotive Semiconductor Market By Vehicle Type
12.4.5 Asia-Pacific Automotive Semiconductor Market By Application
12.4.6 China
12.4.6.1 China Automotive Semiconductor Market By Component
12.4.6.2 China Automotive Semiconductor Market By Vehicle Type
12.4.6.3 China Automotive Semiconductor Market By Application
12.4.7 India
12.4.7.1 India Automotive Semiconductor Market By Component
12.4.7.2 India Automotive Semiconductor Market By Vehicle Type
12.4.7.3 India Automotive Semiconductor Market By Application
12.4.8 Japan
12.4.8.1 Japan Automotive Semiconductor Market By Component
12.4.8.2 Japan Automotive Semiconductor Market By Vehicle Type
12.4.8.3 Japan Automotive Semiconductor Market By Application
12.4.9 South Korea
12.4.9.1 South Korea Automotive Semiconductor Market By Component
12.4.9.2 South Korea Automotive Semiconductor Market By Vehicle Type
12.4.9.3 South Korea Automotive Semiconductor Market By Application
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Semiconductor Market By Component
12.4.10.2 Vietnam Automotive Semiconductor Market By Vehicle Type
12.4.10.3 Vietnam Automotive Semiconductor Market By Application
12.4.11 Singapore
12.4.11.1 Singapore Automotive Semiconductor Market By Component
12.4.11.2 Singapore Automotive Semiconductor Market By Vehicle Type
12.4.11.3 Singapore Automotive Semiconductor Market By Application
12.4.12 Australia
12.4.12.1 Australia Automotive Semiconductor Market By Component
12.4.12.2 Australia Automotive Semiconductor Market By Vehicle Type
12.4.12.3 Australia Automotive Semiconductor Market By Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Semiconductor Market By Component
12.4.13.2 Rest of Asia-Pacific Automotive Semiconductor Market By Vehicle Type
12.4.13.3 Rest of Asia-Pacific Automotive Semiconductor Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Semiconductor Market by Country
12.5.2.2 Middle East Automotive Semiconductor Market By Component
12.5.2.3 Middle East Automotive Semiconductor Market By Vehicle Type
12.5.2.4 Middle East Automotive Semiconductor Market By Application
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Semiconductor Market By Component
12.5.2.5.2 UAE Automotive Semiconductor Market By Vehicle Type
12.5.2.5.3 UAE Automotive Semiconductor Market By Application
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Semiconductor Market By Component
12.5.2.6.2 Egypt Automotive Semiconductor Market By Vehicle Type
12.5.2.6.3 Egypt Automotive Semiconductor Market By Application
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Semiconductor Market By Component
12.5.2.7.2 Saudi Arabia Automotive Semiconductor Market By Vehicle Type
12.5.2.7.3 Saudi Arabia Automotive Semiconductor Market By Application
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Semiconductor Market By Component
12.5.2.8.2 Qatar Automotive Semiconductor Market By Vehicle Type
12.5.2.8.3 Qatar Automotive Semiconductor Market By Application
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Semiconductor Market By Component
12.5.2.9.2 Rest of Middle East Automotive Semiconductor Market By Vehicle Type
12.5.2.9.3 Rest of Middle East Automotive Semiconductor Market By Application
12.5.3 Africa
12.5.3.1 Africa Automotive Semiconductor Market by Country
12.5.3.2 Africa Automotive Semiconductor Market By Component
12.5.3.3 Africa Automotive Semiconductor Market By Vehicle Type
12.5.3.4 Africa Automotive Semiconductor Market By Application
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Semiconductor Market By Component
12.5.3.5.2 Nigeria Automotive Semiconductor Market By Vehicle Type
12.5.3.5.3 Nigeria Automotive Semiconductor Market By Application
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Semiconductor Market By Component
12.5.3.6.2 South Africa Automotive Semiconductor Market By Vehicle Type
12.5.3.6.3 South Africa Automotive Semiconductor Market By Application
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Semiconductor Market By Component
12.5.3.7.2 Rest of Africa Automotive Semiconductor Market By Vehicle Type
12.5.3.7.3 Rest of Africa Automotive Semiconductor Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Semiconductor Market by country
12.6.3 Latin America Automotive Semiconductor Market By Component
12.6.4 Latin America Automotive Semiconductor Market By Vehicle Type
12.6.5 Latin America Automotive Semiconductor Market By Application
12.6.6 Brazil
12.6.6.1 Brazil Automotive Semiconductor Market By Component
12.6.6.2 Brazil Automotive Semiconductor Market By Vehicle Type
12.6.6.3 Brazil Automotive Semiconductor Market By Application
12.6.7 Argentina
12.6.7.1 Argentina Automotive Semiconductor Market By Component
12.6.7.2 Argentina Automotive Semiconductor Market By Vehicle Type
12.6.7.3 Argentina Automotive Semiconductor Market By Application
12.6.8 Colombia
12.6.8.1 Colombia Automotive Semiconductor Market By Component
12.6.8.2 Colombia Automotive Semiconductor Market By Vehicle Type
12.6.8.3 Colombia Automotive Semiconductor Market By Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Semiconductor Market By Component
12.6.9.2 Rest of Latin America Automotive Semiconductor Market By Vehicle Type
12.6.9.3 Rest of Latin America Automotive Semiconductor Market By Application
13. Company Profiles
13.1 Analog Devices, Inc
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Infineon Technologies AG
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 NXP Semiconductors N.V
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Renesas Electronics Corp
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Robert Bosch GmbH
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 ROHM Co., Ltd
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 STMicroelectronics N.V
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Toshiba Corp
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Texas Instruments, Inc.,
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Semiconductor Components Industries LLC
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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