Automotive Semiconductor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region:

Description

The automotive industry has placed sustainable mobility at the forefront of its priorities in the 21st century amidst global warming concerns. Electric vehicles (EVs) have emerged as a compelling solution, driving the demand for electronic components such as automotive semiconductors. A new study by Fairfield Market Research sheds light on the growth and dynamics of the global automotive semiconductor market from 2021 to 2025. The report highlights the influence of government regulations, supply chain disruptions, and the US-China trade war on the market.

Government Regulations Dictate the Direction of the Automotive Semiconductor Market

The growing preference for EVs and the adoption of this technology in internal combustion engine (ICE) vehicles have fueled the growth of the automotive semiconductor market. Government regulations such as Euro 6, CAFE, and the Clean Air Act are accelerating the shift away from ICE vehicles. Semiconductors play a vital role in making vehicles more fuel-efficient and enabling advanced driver assist systems (ADAS) for enhanced safety. Automotive semiconductors have become crucial for automakers to differentiate themselves in a competitive market by improving vehicle efficiency, performance, and safety.

Supply Chain Disruptions and Increased Consumer Electronics Demand Pose Challenges

The COVID-19 pandemic had a domino effect on the automotive industry, leading to global supply chain disruptions. Consumers paused vehicle purchases due to economic uncertainty and job losses, causing a shortage of funds for automakers and a slowdown in R&D investments. Transport bans and lockdowns disrupted the Just in Time strategy, resulting in plant closures and longer lead times. Additionally, the surge in purchases of consumer electronic devices during remote work scenarios has created a higher demand for semiconductors, further straining the supply for automotive semiconductors.

US-China Trade War Impacts Automotive Semiconductor Market

China, Japan, and Korea dominate the automotive semiconductor manufacturing market. The US-China trade war has resulted in tariff fluctuations and increased costs of imported components in western markets. This situation adversely affects the automotive semiconductor market in both emerging and developed economies.

Investments in Electrification Efforts Drive Automotive Semiconductor Market

Automakers have invested billions of dollars in automotive semiconductor technology to support electrification efforts. Advanced driver assist features and the increasing adoption of electric and hybrid drivetrains in passenger cars contribute to the demand for automotive semiconductors. These semiconductors serve as a core technology in electric and hybrid vehicles, driving growth in the EV segment of the automotive semiconductor market.

Intense Competition and Collaborations Fuel Innovation

The automotive semiconductor market is highly competitive, with companies seeking alliances with automakers, universities, and researchers to accelerate innovation. Key players in the market include Intel Corporation, ASE Technology Holding Co. Ltd. (ASX), NXP Semiconductors, Samsung Semiconductors, NVIDIA Corporation, Broadcom Inc. (AVGO), Texas Instruments Inc. (TXN), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), Analog Devices Inc., Toshiba Corporation, Infineon Technologies AG, Renesas Electronics Corporation, Robert Bosch GmbH, Qualcomm Inc. (QCOM), and Micron Technology Inc.

1. Executive Summary

1.1. Global Automotive Semiconductor Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
- 2.8.1. Global Automotive Industry - Market Overview
- 2.8.2. Global Semiconductor Outlook
- 2.8.3. Global ICT Spending Outlook
2.9. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Component
4.4. By Region

5. Global Automotive Semiconductor Market Outlook, 2019 - 2030

5.1. Global Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Micro component
  - 5.1.1.2. Memory
  - 5.1.1.3. Logic
  - 5.1.1.4. Sensors and Actuators
  - 5.1.1.5. Analog IC
  - 5.1.1.6. Discrete
  - 5.1.1.7. Optical Semiconductor
5.2. Global Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. ICE
    - 5.2.1.1.1. Passenger
    - 5.2.1.1.2. Light Commercial
    - 5.2.1.1.3. Medium & Heavy Commercial
  - 5.2.1.2. Electric Vehicles
    - 5.2.1.2.1. BEV
    - 5.2.1.2.2. PHEV/HEV
5.3. Global Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Infotainment & Telematics
  - 5.3.1.2. Powertrain
  - 5.3.1.3. ADAS
  - 5.3.1.4. Body & Convenience
  - 5.3.1.5. Chassis & Safety
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Automotive Semiconductor Market Outlook, by Region, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Automotive Semiconductor Market Outlook, 2019 - 2030

6.1. North America Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Micro component
  - 6.1.1.2. Memory
  - 6.1.1.3. Logic
  - 6.1.1.4. Sensors and Actuators
  - 6.1.1.5. Analog IC
  - 6.1.1.6. Discrete
  - 6.1.1.7. Optical Semiconductor
6.2. North America Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. ICE
    - 6.2.1.1.1. Passenger
    - 6.2.1.1.2. Light Commercial
    - 6.2.1.1.3. Medium & Heavy Commercial
  - 6.2.1.2. Electric Vehicles
    - 6.2.1.2.1. BEV
    - 6.2.1.2.2. PHEV/HEV
6.3. North America Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Infotainment & Telematics
  - 6.3.1.2. Powertrain
  - 6.3.1.3. ADAS
  - 6.3.1.4. Body & Convenience
  - 6.3.1.5. Chassis & Safety
6.4. North America Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive Semiconductor Market Outlook, 2019 - 2030

7.1. Europe Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Micro component
  - 7.1.1.2. Memory
  - 7.1.1.3. Logic
  - 7.1.1.4. Sensors and Actuators
  - 7.1.1.5. Analog IC
  - 7.1.1.6. Discrete
  - 7.1.1.7. Optical Semiconductor
7.2. Europe Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. ICE
    - 7.2.1.1.1. Passenger
    - 7.2.1.1.2. Light Commercial
    - 7.2.1.1.3. Medium & Heavy Commercial
  - 7.2.1.2. Electric Vehicles
    - 7.2.1.2.1. BEV
    - 7.2.1.2.2. PHEV/HEV
7.3. Europe Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Infotainment & Telematics
  - 7.3.1.2. Powertrain
  - 7.3.1.3. ADAS
  - 7.3.1.4. Body & Convenience
  - 7.3.1.5. Chassis & Safety
7.4. Europe Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Turkey
  - 7.4.1.7. Russia
  - 7.4.1.8. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive Semiconductor Market Outlook, 2019 - 2030

8.1. Asia Pacific Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Micro component
  - 8.1.1.2. Memory
  - 8.1.1.3. Logic
  - 8.1.1.4. Sensors and Actuators
  - 8.1.1.5. Analog IC
  - 8.1.1.6. Discrete
  - 8.1.1.7. Optical Semiconductor
8.2. Asia Pacific Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. ICE
    - 8.2.1.1.1. Passenger
    - 8.2.1.1.2. Light Commercial
    - 8.2.1.1.3. Medium & Heavy Commercial
  - 8.2.1.2. Electric Vehicles
    - 8.2.1.2.1. BEV
    - 8.2.1.2.2. PHEV/HEV
8.3. Asia Pacific Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Infotainment & Telematics
  - 8.3.1.2. Powertrain
  - 8.3.1.3. ADAS
  - 8.3.1.4. Body & Convenience
  - 8.3.1.5. Chassis & Safety
8.4. Asia Pacific Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive Semiconductor Market Outlook, 2019 - 2030

9.1. Latin America Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Micro component
  - 9.1.1.2. Memory
  - 9.1.1.3. Logic
  - 9.1.1.4. Sensors and Actuators
  - 9.1.1.5. Analog IC
  - 9.1.1.6. Discrete
  - 9.1.1.7. Optical Semiconductor
9.2. Latin America Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. ICE
    - 9.2.1.1.1. Passenger
    - 9.2.1.1.2. Light Commercial
    - 9.2.1.1.3. Medium & Heavy Commercial
  - 9.2.1.2. Electric Vehicles
    - 9.2.1.2.1. BEV
    - 9.2.1.2.2. PHEV/HEV
9.3. Latin America Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Infotainment & Telematics
  - 9.3.1.2. Powertrain
  - 9.3.1.3. ADAS
  - 9.3.1.4. Body & Convenience
  - 9.3.1.5. Chassis & Safety
9.4. Latin America Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive Semiconductor Market Outlook, 2019 - 2030

10.1. Middle East & Africa Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Micro component
  - 10.1.1.2. Memory
  - 10.1.1.3. Logic
  - 10.1.1.4. Sensors and Actuators
  - 10.1.1.5. Analog IC
  - 10.1.1.6. Discrete
  - 10.1.1.7. Optical Semiconductor
10.2. Middle East & Africa Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. ICE
    - 10.2.1.1.1. Passenger
    - 10.2.1.1.2. Light Commercial
    - 10.2.1.1.3. Medium & Heavy Commercial
  - 10.2.1.2. Electric Vehicles
    - 10.2.1.2.1. BEV
    - 10.2.1.2.2. PHEV/HEV
10.3. Middle East & Africa Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Infotainment & Telematics
  - 10.3.1.2. Powertrain
  - 10.3.1.3. ADAS
  - 10.3.1.4. Body & Convenience
  - 10.3.1.5. Chassis & Safety
10.4. Middle East & Africa Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. AeroFarms
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. BrightFarms, Inc.
- 11.3.3. Plenty Unlimited Inc.
- 11.3.4. Bowery Farming
- 11.3.5. Gotham Greens
- 11.3.6. Nordic Harvest
- 11.3.7. Green Sense Farms Holdings, Inc.
- 11.3.8. Jones Food Company
- 11.3.9. Spread Co., Ltd.
- 11.3.10. PlanTFarm Co., Ltd.
- 11.3.11. Infarm GmbH
- 11.3.12. Mirai Corporation

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations