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2021
Automotive Semiconductor Market

Automotive Semiconductor Market

by Component (Processor, Analog IC, Discrete Power, Sensor, Memory and Others), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Propulsion Type (Internal Combustion Engine and Electric) and Application (Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14477
Pages: 354
Nov 2021 | 9278 Views
Author(s) : Abhay S , Sonia M
Tables: 160
Charts: 90
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Automotive Semiconductor Market Statistics 2021-2030:

The global automotive semiconductor market was valued at $37.99 billion in 2020, and is projected to reach $113.94 billion by 2030, registering a CAGR of 11.8% from 2021 to 2030.

COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Rapid spread of the disease has led to a significant impact on the global transportation industry, with a downturn in need for using public transports. Industry experts believe that post the pandemic, the demand for personal mobility will increased owing to the need to avoid public transportation and avoiding human interaction. By the end of 2020, the situation was under control in some countries, due to which the demand & supply gap was fulfilled and there was significant growth in the product development, which have a wider application in developed vehicles.

Semiconductors are special type of electronic components that possess the property to transfer electricity through them under certain conditions. Semiconductors are used in vehicles to ensure that the associated component operates efficiently in all conditions. Semiconductors used in automobiles are made of silicon and germanium as the basic components that are essential for better working of automotive electronics. Semiconductors installed in vehicles helps in controlling numerous operations such as controlling the air conditioner system of the vehicle as well as ensuring the safety of the vehicle. Moreover, the advancement in vehicle based technology such as introduction of advanced driver assistance system (ADAS), telematics & infotainment followed by the increased inclination toward adoption of electric vehicles supplements the growth of the automotive semiconductor market across the globe.

Automotive-Semiconductor-Market-2021-2030

Factors such as rapid developments in the automotive industry, rise in demand for safety features in automobiles and intervention of innovative technologies for advanced user interface (UI) drives the growth of the market across the globe. In addition, factors such as operational failures in extreme climatic conditions and high initial cost & complex structure, act as a barrier for the growth of the market across the globe. However, the factors such as rise in demand for electric & hybrid vehicles and increase in technological advancement & innovation in ADAS creates ample opportunities for the growth of the market during the forecast period.

The global automotive semiconductor market has been segmented on the basis of component, vehicle type, propulsion type, application and region. Based on the component, the global market has been segmented into processor, analog IC, discrete power, sensor and memory. Based on vehicle type, the global automotive semiconductor market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicle. Based on propulsion type, the global automotive semiconductor market has been segmented into internal combustion engine and electric. Based on application, the global automotive semiconductor market has been segmented into powertrain, safety, body electronics, chassis, telematics & infotainment and others. By region, the global market has been studied across North America, Europe, Asia-Pacific and LAMEA. 

The key players profiled in the global automotive semiconductor market includes Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V. and Texas Instruments, Inc. as the major companies operating in the automotive semiconductor market. 

Rapid developments in the automotive industry

In the automotive industry, a semiconductor is used to control the fail-safe system, manage electrical control unit functions, and automotive fault tolerant systems, where it handles the error that occurs in the vehicle (accelerator, anti-lock brake interface, and broken lights) and informs the same to the microcontrollers and safety system installed across vehicles. For instance, it would highlight fault tolerance, if a vehicle loses its grip on snow filled roads. Under such conditions, the incident is sensed by the sensors & semiconductor devices, which then activate the anti-lock braking, when the drive applies brake. Hence, semiconductors are a fundamental part of the automotive industry and rapid development in the automotive industry is expected to supplement the growth of the market during the forecast period.

Rise in demand for safety features in automobiles

The demand for safety features, such as parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is experiencing an upward trend owing to increase in number of road accidents worldwide. Automotive semiconductors are a major component used in numerous advance driver assistance systems (ADAS) technologies, which helps ADAS systems perform efficiently and can detect and classify objects on the path of vehicle, and accordingly alert the driver about the nearby surroundings and road conditions. In addition, these systems can also automatically decelerate or stop the vehicle depending on the road conditions based on the calculations made through semiconductors & associated components. Road accidents are a major cause of death globally and tremendous increase in the death rates due to road accidents has been observed in the last few years. For instance, according to World Health Organization’s report published in 2021, nearly 1.3 million people die in road traffic crashes each year. Moreover, road traffic injuries leading to death are higher among teenagers. These factors are leading to surge in demand for safety features in vehicles. Companies operating in the automobile sector are developing and introducing the safety features to meet the needs of the customers. For instance, in February 2020, HELLA (company that manufacturers cutting-edge lighting and electronics components) announced the production plan for the latest 77 GHz radar technology.

Automotive Semiconductor Market
By Component

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Sensor is projected as the most lucrative segments

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As a crucial application of complementary metal oxide semiconductors (CMOS) radar, automotive radar is evolving as a key technology supporting the functioning of smart and autonomous features in modern vehicles. For instance, it helps in reducing driver stress, relieving drivers from repetitive tasks, and adding life-saving automatic interventions. These benefits are expected to increase the penetration of automotive semiconductors during the forecast timeframe. 

Automotive Semiconductor Market
By Vehicle Type

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Light commercial mvehicle is projected as the most lucrative segments

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Operational failures in extreme climatic conditions

The major restraint of the automotive semiconductor market is its operational failures in extreme climatic conditions such as extreme cold and extreme heat. In the presence of extreme heat, semiconductor tend to melt down or break, the resistance increases, and it makes the signal too weak, which is why failures occur. Whereas, when it is moved to an optimal temperature, resistance is reduced, and it gets stable. Furthermore, extreme cold is also not favorable for semiconductor, as they stop performing. Its minimum operational temperature on an average is -25°C and maximum is +150°C. Therefore, countries such as Russia and Canada, prefer fewer semiconductor. This makes consumer’s shift toward use of alternate electronic components such as microcontrollers, ICs and others, thereby affecting the growth of the automotive semiconductor market.

Automotive Semiconductor Market
By Propulsion Type

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Electric is projected as the most lucrative segments

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Rise in demand for electric and hybrid vehicles

The demand for electric and hybrid vehicles is growing globally. The decreasing cost of components such as lithium-ion battery, sensors, and microcontrollers is the major factor that is anticipated to develop a mass market for electrical vehicles in the near future. Furthermore, electric vehicles play a vital role in cutting carbon emissions and dealing with air pollution, due to which electric vehicles are being heavily promoted by governments of all countries. Currently, only 1% of new vehicles sold are electric, but as the price of components is decreasing, consumers and manufacturers are shifting toward electrical vehicles.

Automotive Semiconductor Market
By Application

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Telematics & Infotainment is projected as the most lucrative segments

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According to Bloomberg, the electrical vehicle market is expected to witness growth by 35%, by 2040. Thus, it is an opportunity for semiconductor manufacturers to grow globally, as semiconductor are integral part of electric vehicles. 

Automotive Semiconductor Market
By Region

2030
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 15.9% during 2021-2030.

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Covid-19 Impact Analysis

  • COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge.
  • Lockdown measures have helped contain the spread of coronavirus, but exacted an immense economic toll.
  • Rapid spread of the disease has led to a significant impact on the global transportation industry, with a downturn in need for using public transports.
  • Moreover, countries, such as China, Norway, the Netherlands, and others, which were the leaders in automobile industry and have registered a decrease in vehicle sales during the pandemic.
  • Industry experts believe that post the pandemic, the demand for personal mobility will increased owing to the need to avoid public transportation and avoiding human interaction.
  • By the end of 2020, the situation was under control in some countries, due to which the demand & supply gap was fulfilled and there was significant growth in the product development, which have a wider application in developed vehicles.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global automotive semiconductor market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Automotive Semiconductor Market Report Highlights

Aspects Details
By Component
  • Processor
  • Analog IC
  • Discrete Power
  • Sensor
  • Memory
  • Others
By Vehicle Type
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
By Propulsion Type
  • Internal combustion engine
  • Electric
By Application
  • Powertrain
  • Safety
  • Body Electronics
  • Chassis
  • Telematics & Infotainment
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc.
 

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Semiconductors are a special type of electronic components which possess the property to transfer electricity through them under certain conditions. Semiconductors are used in vehicles to ensure that the associated component operates efficiently in all conditions. The global automotive semiconductor market is supplemented by numerous developments carried out by the top automotive semiconductor manufacturers, which has led to the growth of the market. Moreover, technological advancements in automotive industry has also created a positive impact on the growth of the global automotive semiconductor market across the globe.  

Moreover, the key players operating in the industry have been continuously developing advanced quality semiconductors to be used in automobiles, which also creates a wider impact on the growth of the market across the globe. For instance, in June 2021, Analog Devices collaborated with Keysight for development of O-RAN solution. O-RAN is a family of wireless chips that are used in conjunction with Wi-Fi and cellular networks. They are used in public transports such as buses and train stations. Similarly, in October, 2021, Infineon Technologies launched high precision coreless XENSIVTM TLE4972 sensor for automotive application. It is the first automotive sensor launch by Infineon technologies. XENSIVTM TLE4972 sensor has a compact design, which uses Infineon hall technology for stable and precise current measurement. XENSIVTM TLE4972 sensor used in hybrid and battery driven vehicles like traction inverter. Such developments carried out by different companies operating across the globe supplements the growth of the market across the globe.

Factors such as rapid developments in the automotive industry, rise in demand for safety features in automobiles and intervention of innovative technologies for advanced user interface (UI) drives the growth of the market across the globe. In addition, factors such as operational failures in extreme climatic conditions and high initial cost & complex structure acts as a barrier for the growth of the market across the globe. However, the factors such as rise in demand for electric & hybrid vehicles and increase in technological advancement & innovation in ADAS creates ample opportunities for the growth of the market during the forecast period.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period, owing to higher growth rate as compared to other regions due to the increased production of electric & autonomous vehicles in the near future.

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FREQUENTLY ASKED QUESTIONS?

A. The global automotive semiconductor was valued at $37,993.00 million in 2020, and is projected to reach $113,935.60 million by 2030, registering a CAGR of 11.8%.

A. Companies such as NXP Semiconductors, Texan Instruments and others have been offering semiconductors for cars

A. The sample for automotive semiconductor market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report

A. The global automotive semiconductor was valued at $37,993.00 million in 2020, and is projected to grow at a CAGR of 11.8%.

A. Sales of semiconductors depends on the sales of advanced vehicles across the globe.

A. The company profiles of the top market players of automotive semiconductor market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive semiconductor market

A. Semiconductor is an electronic part used in vehicles which ensure efficient operations of advanced vehicular components

A. Texas Instruments, NXP semiconductors are some of the largest automotive semiconductor companies operating in the global market.

A. Modern vehicles are equipped with all types of semiconductors which are required for efficient vehicle performance

A. Texas Instruments, NXP semiconductors are some of the largest automotive semiconductor companies operating in the global market which offer majority of the components to be used in automobiles.

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