Market Research Report
Global Electric Vehicle Semiconductor Growth Opportunities
|Global Electric Vehicle Semiconductor Growth Opportunities|
Published: March 29, 2022
Frost & Sullivan
Content info: 121 Pages
Delivery time: 1-2 business days
Future Growth Potential Enhanced by Vehicle Autonomy and Electrification, Stringent Emission Regulations and the Fleet Electrification Milestones of Automakers
The global electric vehicle (EV) semiconductor market is estimated to experience an approximate 32.1% compound annual growth rate (CAGR) from 2021 to 2026. Semiconductors contribute to making EVs efficient, interactive, and safe, supporting various in-vehicle interactivity features, vehicle firmware, and EV batteries and powertrains. The need for longer driving range and faster charging times in EVs has led to the usage of advanced semiconductor technologies, such as silicon carbide (SiC) and gallium nitride (GaN).
With 2021 as the base year, the study provides market size estimates and growth prospects up to 2026. Revenue forecast, pricing trends, competitive analysis, COVID-19 impact discussion, and company profiles of leading manufacturers are included in the study, which follows a specific methodology comprising discussions with senior management of EV semiconductor manufacturers and automotive original equipment manufacturers supported by secondary research.
The scope of this Frost & Sullivan study is limited to semiconductors used in battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) and excludes aftermarket and semiconductors used in EV supply equipment. The study's main objective is to identify key growth opportunities, drivers, and restraints in the EV semiconductor market. The study includes in-depth market analyses for the forecast period of 2022 to 2026 by vehicle type (BEV and PHEV), component (analog, memory, discrete, logic, and others), application (powertrain, chassis and safety, infotainment and telematics, body and convenience, and advanced driver-assistance systems [ADAS]), and geography (Europe, Middle East, and Africa [EMEA]; Asia-Pacific; and the Americas).