Automotive Semiconductor Market

Description

The automotive semiconductor market is anticipated to grow from US$ 46.26 Billion in 2024 to US$ 87.23 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 9% from 2031 to 2031. This growth is driven by the increasing integration of electronic components in both luxury and mass-market vehicles, the rising adoption of electronic control units (ECUs) in contemporary automobiles, and a heightened focus on safety systems.

Analysis of the Automotive Semiconductor Market

The surge in demand for electric and hybrid vehicles presents significant opportunities for the automotive semiconductor sector. These vehicles require semiconductors for various devices, including advanced driver-assistance systems (ADAS) and ECUs that manage the battery, motor, and other essential components. Consequently, there is a growing need for sophisticated and specialized semiconductors within the automotive semiconductor market. These trends are likely to influence the supply chain, aftermarket services, and semiconductor manufacturers. As a result, traditional diagnostic systems may be replaced by onboard diagnostic systems, enabling continuous monitoring of a vehicle's mechanical and electrical systems.

Overview of the Automotive Semiconductor Market

The market is expected to experience steady growth in the coming years, driven by the increasing use of electronic components in vehicles ranging from luxury to mass-produced models, the growing acceptance of ECUs in modern cars, and an increasing emphasis on vehicle safety systems. Additional factors propelling market growth include the rise of connected vehicles, advancements in entertainment systems, automotive safety technologies, and fuel efficiency regulations. A growing number of affordable vehicles are now equipped with enhanced infotainment, safety features, performance, and fuel efficiency, leading to the integration of numerous components that elevate the overall vehicle cost. Today, thousands of semiconductor chips are integral to vehicles, acting as their sensory and cognitive systems, monitoring surroundings, making decisions, and controlling actions.

Strategic Insights

Drivers and Opportunities in the Automotive Semiconductor Market

Shift Towards Electric and Hybrid Vehicles to Reduce Emissions

Electric and hybrid vehicles, along with solar-powered cars, are the primary alternatives to traditional gasoline engines. The adoption of these vehicles can lead to lower fuel expenses, reduced greenhouse gas emissions, improved urban air quality, and decreased dependence on fossil fuels. The rise of electric vehicles is expected to drive demand for new automotive integrated circuits (ICs), microprocessors, and sensors.

Environmental Concerns Fueling Electric Vehicle Development

Growing environmental concerns and the need for energy conservation have accelerated the development of hybrid electric vehicles (HEVs) and electric vehicles (EVs). Hybrid vehicles combine an engine, a motor, and a high-voltage battery to power the motor, meeting high power demands while offering environmental benefits. Global emission regulations have spurred advancements in automotive technology aimed at reducing harmful exhaust emissions. The introduction of EVs marks a significant move towards sustainability in the automotive industry, as these vehicles do not rely on conventional fuels and thus do not emit harmful gases. Sales of electric vehicles have surged in developed regions like North America and Europe, driven by various factors. Since these vehicles operate entirely on electricity, they heavily utilize advanced technological components.

The automotive semiconductor market analysis is segmented by component, application, and vehicle type.

By components, the market includes optical devices, sensors & actuators, memory, microcontrollers, analog ICs, logic devices, and discrete power devices.
By application, the market is divided into advanced driver assistance systems, body electronics, infotainment, powertrain, and safety systems.
By vehicle type, the market is categorized into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs).

Geographical Analysis of the Automotive Semiconductor Market

The geographical analysis of the automotive semiconductor market is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/Central America. The rapid growth of the automotive semiconductor market in the Asia Pacific region is primarily attributed to the expanding automotive industry in China, the largest vehicle producer globally, which also leads in semiconductor consumption. This region is known for its production of small, affordable vehicles and has experienced faster growth over the past decade compared to mature markets in Europe and North America, due to factors such as lower production costs, abundant labor, lenient emission and safety regulations, and government initiatives promoting foreign direct investment (FDI). The Asia Pacific region is an attractive location for vehicle manufacturing, supported by a growing population, emerging economies, and government policies favoring industrial growth.

Scope of the Automotive Semiconductor Market Report

Recent Developments in the Automotive Semiconductor Market

The automotive semiconductor market is assessed through a combination of qualitative and quantitative research, including key corporate publications, industry data, and databases. Recent developments in the market include:

In May 2022, Continental AG expanded its sensor portfolio for electrified vehicles by introducing the Current Sensor Module (CSM) and Battery Impact Detection (BID) systems, both designed to protect and maintain battery parameters.

(Source: Continental, Company Website, 2021)

In October 2021, Infineon Technologies launched the SL137 automotive security controller, which serves as a reliable trust anchor for securing critical automotive applications such as 5G eCall, V2X communication, vehicle access, and software updates over the air (SOTA).

(Source: Infineon Technologies, Company Website, 2021)

Coverage and Deliverables of the Automotive Semiconductor Market Report

The "Automotive Semiconductor Market Size and Forecast (2021-2031)" report provides a comprehensive analysis of the market, covering the following areas:

Market size and forecasts at global, regional, and country levels for all key segments.
Market dynamics, including drivers, restraints, and key opportunities.
Emerging trends.
Detailed PEST analysis, Porter's Five Forces, and SWOT analysis.
Global and regional market analysis, highlighting key trends, major players, regulations, and recent developments.
Industry landscape and competitive analysis, including market concentration, heat map analysis, key players, and recent developments.
In-depth company profiles.

Product Code: TIPEL00002655

1.INTRODUCTION

1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

2.KEY TAKEAWAYS

3.AUTOMOTIVE SEMICONDUCTOR MARKET LANDSCAPE

3.1 MARKET OVERVIEW
3.2 SUPPLY CHAIN ANALYSIS
- 3.2.1 Insights on Partnerships Between Electronics OEMs and Automotive Companies
- 3.2.2 Key Developments
3.3 MARKET SEGMENTATION
- 3.3.1 Global Automotive Semiconductor Market - By Component
- 3.3.2 Global Automotive Semiconductor Market - By Application
- 3.3.3 Global Automotive Semiconductor Market - By Vehicle Type
- 3.3.4 Global Automotive Semiconductor Market - By Geography
3.4 PEST ANALYSIS
- 3.4.1 North America - PEST Analysis
- 3.4.2 Europe - PEST Analysis
- 3.4.3 Asia Pacific - PEST Analysis
- 3.4.4 Middle East and Africa - PEST Analysis
- 3.4.5 South America - PEST Analysis

4.AUTOMOTIVE SEMICONDUCTOR MARKET - KEY INDUSTRY DYNAMICS

4.1 KEY MARKET DRIVERS
- 4.1.1 Significant Rise in Automotive Manufacturing
- 4.1.2 Continuous Partnership of Automotive OEMs with Semiconductor Manufacturers is Capitalizing the Market
4.2 KEY MARKET RESTRAINTS
- 4.2.1 Integration of Advanced Semiconductors Increases the Upfront Cost of Vehicle
4.3 KEY MARKET OPPORTUNITIES
- 4.3.1 Surging Demand for Electric Vehicles
4.4 FUTURE TRENDS
- 4.4.1 Soaring Demand for Fully-autonomous Car is Foreseen to Stimulate the Market Growth
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

5.AUTOMOTIVE SEMICONDUCTOR - GLOBAL MARKET ANALYSIS

5.1 GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET OVERVIEW
5.2 GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST AND ANALYSIS

6.AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027- COMPONENTS

6.1 OVERVIEW
6.2 GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET BREAKDOWN, BY COMPONENTS, 2017 & 2027
6.3 OPTICAL DEVICES MARKET
- 6.3.1 Overview
- 6.3.2 Optical Devices Market Forecasts and Analysis
6.4 SENSORS & ACTUATORS MARKET
- 6.4.1 Overview
- 6.4.2 Sensors & Actuators Market Forecasts and Analysis
  - 6.4.2.1 LED Market
    - 6.4.2.1.1 Overview
    - 6.4.2.1.2 LED Market Forecast and Analysis
  - 6.4.2.2 Image Sensor Market
    - 6.4.2.2.1 Overview
    - 6.4.2.2.2 Image Sensor Market Forecast and Analysis
  - 6.4.2.3 Position Sensor Market
    - 6.4.2.3.1 Overview
    - 6.4.2.3.2 Position Sensor Market Forecast and Analysis
  - 6.4.2.4 Temperature Sensor Market
    - 6.4.2.4.1 Overview
    - 6.4.2.4.2 Temperature Sensor Market Forecast and Analysis
  - 6.4.2.5 Pressure Sensor Market
    - 6.4.2.5.1 Overview
    - 6.4.2.5.2 Pressure Sensor Market Forecast and Analysis
  - 6.4.2.6 Other Sensors Market
    - 6.4.2.6.1 Overview
    - 6.4.2.6.2 Other Sensors Market Forecast and Analysis
6.5 MEMORY MARKET
- 6.5.1 Overview
- 6.5.2 Memory Market Forecasts and Analysis
  - 6.5.2.1 DRAM Market
    - 6.5.2.1.1 Overview
    - 6.5.2.1.2 DRAM Market Forecast and Analysis
  - 6.5.2.2 Flash Memory Market
    - 6.5.2.2.1 Overview
    - 6.5.2.2.2 Flash Memory Market Forecast and Analysis
6.6 MIRCRO-CONTROLLERS MARKET
- 6.6.1 Overview
- 6.6.2 Micro-controllers Market Forecasts and Analysis
6.7 ANALOG ICS MARKET
- 6.7.1 Overview
- 6.7.2 Analog ICS Market Forecasts and Analysis
6.8 LOGIC & DISCRETE POWER DEVICES MARKET
- 6.8.1 Overview
- 6.8.2 Logic & Power Devices Market Forecasts and Analysis

7.AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION

7.1 OVERVIEW
7.2 GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET BREAKDOWN, BY APPLICATION, 2017 & 2027
7.3 ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET
- 7.3.1 Overview
- 7.3.2 Advanced Driver Assistance Systems Market Forecasts and Analysis
7.4 BODY ELECTRONICS MARKET
- 7.4.1 Overview
- 7.4.2 Body Electronics Market Forecasts and Analysis
7.5 INFOTAINMENT MARKET
- 7.5.1 Overview
- 7.5.2 Infotainment Market Forecasts and Analysis
7.6 POWERTRAIN MARKET
- 7.6.1 Overview
- 7.6.2 Powertrain Market Forecasts and Analysis
7.7 SAFETY SYSTEM MARKET
- 7.7.1 Overview
- 7.7.2 Safety System Market Forecasts and Analysis

8.AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027 - VEHICLE TYPE

8.1 OVERVIEW
8.2 GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2027
8.3 PASSENGER CARS MARKET
- 8.3.1 Overview
- 8.3.2 Passenger Cars Market Forecasts and Analysis
8.4 LIGHTWEIGHT COMMERCIAL VEHICLE (LCV) MARKET
- 8.4.1 Overview
- 8.4.2 Lightweight Commercial Vehicle (LCV) Market Forecasts and Analysis
8.5 HEAVYWEIGHT COMMERCIAL VEHICLE (HCV) MARKET
- 8.5.1 Overview
- 8.5.2 Heavyweight Commercial Vehicle (HCV) Market Forecasts and Analysis

9.AUTOMOTIVE SEMICONDUCTOR MARKET - GEOGRAPHICAL ANALYSIS

9.1 OVERVIEW
9.2 NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027
- 9.2.1 Overview
- 9.2.2 North America Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.3 North America Automotive Semiconductor Market Breakdown by Key Countries
  - 9.2.3.1 U.S.Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.2.3.2 Canada Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.2.3.3 Mexico Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.4 North America Automotive Semiconductor Market Breakdown by Component
- 9.2.5 North America Automotive Semiconductor Market Breakdown by Application
- 9.2.6 North America Automotive Semiconductor Market Breakdown by Vehicle Type
9.3 EUROPE AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027
- 9.3.1 Overview
- 9.3.2 Europe Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.3 Europe Automotive Semiconductor Market Breakdown by Key Countries
  - 9.3.3.1 France Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.2 Germany Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.3 Italy Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.4 Spain Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.5 UK Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.6 Russia Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.3.3.7 Rest of Europe Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4 Europe Automotive Semiconductor Market Breakdown by Component
- 9.3.5 Europe Automotive Semiconductor Market Breakdown by Application
- 9.3.6 Europe Automotive Semiconductor Market Breakdown by Vehicle Type
9.4 ASIA PACIFIC AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027
- 9.4.1 Overview
- 9.4.2 Asia Pacific Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.4.3 Asia Pacific Automotive Semiconductor Market Breakdown by Key Countries
  - 9.4.3.1 China Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.4.3.2 India Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.4.3.3 Japan Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.4.3.4 South Korea Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.4.3.5 Rest of Asia Pacific Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.4.4 Asia Pacific Automotive Semiconductor Market Breakdown by Component
- 9.4.5 Asia Pacific Automotive Semiconductor Market Breakdown by Application
- 9.4.6 Asia Pacific Automotive Semiconductor Market Breakdown by Vehicle Type
9.5 MIDDLE EAST & AFRICA (MEA) AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027
- 9.5.1 Overview
- 9.5.2 MEA Automotive Semiconductor Market Breakdown by Key Countries
  - 9.5.2.1 South Africa Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.5.2.2 Middle East Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.5.2.3 Rest of MEA Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.5.3 MEA Automotive Semiconductor Market Breakdown by Component
- 9.5.4 MEA Automotive Semiconductor Market Breakdown by Application
- 9.5.5 MEA Automotive Semiconductor Market Breakdown by Vehicle Type
9.6 SOUTH AMERICA (SAM) AUTOMOTIVE SEMICONDUCTOR MARKET REVENUE AND FORECASTS TO 2027
- 9.6.1 Overview
- 9.6.2 South America Automotive Semiconductor Market Breakdown, by Key Countries
  - 9.6.2.1 Brazil Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.6.2.2 Argentina Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
  - 9.6.2.3 Rest of SAM Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.6.3 South America Transportation management system Market Breakdown, by Component
- 9.6.4 South America Transportation management system Market Breakdown, by Application
- 9.6.5 South America Transportation management system Market Breakdown, by Vehicle Type

10.INDUSTRY LANDSCAPE

10.1 OVERVIEW
10.2 MARKET INITIATIVE
10.3 NEW PRODUCT DEVELOPMENT

11.COMPETITIVE LANDSCAPE

11.1 COMPETITIVE PRODUCT MAPPING
11.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS RANKING

12.GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET - KEY COMPANY PROFILES

12.1 NVIDIA CORPORATION
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Financial Overview
- 12.1.4 SWOT Analysis
- 12.1.5 Key Developments
12.2 INTEL CORPORATION
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Financial Overview
- 12.2.4 SWOT Analysis
- 12.2.5 Key Developments
12.3 NXP SEMICONDUCTORS N.V.12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Financial Overview
- 12.3.4 SWOT Analysis
- 12.3.5 Key Developments
12.4 INFINEON TECHNOLOGIES AG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Financial Overview
- 12.4.4 SWOT Analysis
- 12.4.5 Key Developments
12.5 ROHM CO., LTD.12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Financial Overview
- 12.5.4 SWOT Analysis
- 12.5.5 Key Developments
12.6 TEXAS INSTRUMENTS INC.12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Financial Overview
- 12.6.4 SWOT Analysis
- 12.6.5 Key Developments
12.7 RENESAS ELECTRONICS CORPORATION
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Financial Overview
- 12.7.4 SWOT Analysis
- 12.7.5 Key Developments
12.8 ROBERT BOSCH GMBH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Financial Overview
- 12.8.4 SWOT Analysis
- 12.8.5 Key Developments
12.9 ON SEMICONDUCTOR
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Financial Overview
- 12.9.4 SWOT Analysis
- 12.9.5 Key Developments
12.10 STMICROELECTRONICS N.V.12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Financial Overview
- 12.10.4 SWOT Analysis
- 12.10.5 Key Developments

13.APPENDIX

13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 METHODOLOGY
- 13.3.1 Coverage
- 13.3.2 Secondary Research
- 13.3.3 Primary Research 181