Automotive Semiconductor Market 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 and Infotainment): Global Opportunity Analysis and Industry Forecast, 2023-2032
A semiconductor is a type of material, such as germanium or silicon, that exhibits electrical conductivity characteristics falling between those of conductors (like metals) and insulators. Its conductivity is close to that of metals at high temperatures and nearly non-existent at low temperatures. This property makes semiconductors crucial in automotive electronic devices and technology. In vehicles, semiconductors are used in multiple important functions such as power management, safety features, vehicle control, displays, and sensing in modern technologically advanced automobiles. More semiconductors are being used in electric and hybrid vehicles (EVs).
The automotive semiconductor market has witnessed significant growth over the years, owing to introduction of advanced features such as telematics, infotainment as well as advanced driver assistance system in new vehicles.
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, memory and others. 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.
Moreover, global semiconductor companies invested in Germany for manufacturing units. For instance, in 2023, Infineon Technologies AG, a global semiconductor company, started construction on a new chip manufacturing plant in Dresden, Germany with investment of $5.40 billion (EUR 5 billion). Manufacturing is set to start in the fall of 2026, generating around 1,000 highly qualified jobs. It will expand manufacturing of automotive components such as small automotive motor control units.
In addition, the UK intends to become a hub for the production of electric vehicles, the development of related technologies. The UK drew investments from automakers. For instance, in July 2023, Tata Group unveiled plans to construct a $5 billion gigafactory in the UK, with production set to commence in 2026. The Tata Group is projected to support UK's ambitions to ensure a domestic supply of electric vehicle (EV) batteries. The development is expected to generate around 4,000 direct jobs, which benefit both the local economy and Jaguar Land Rover, a subsidiary of Tata Motors, by providing a reliable source of batteries. Increased in penetration of EVs in the UK further boost the requirement for advanced semiconductor solutions, which in turn support the growth of automotive semiconductor market.
Moreover, The EV combines batteries and electronic features with the engine for efficient power provided to the vehicles. Thus, development of power devices for electric powertrain is increased significantly in recent years. For instance, in December 2023, ROHM Semiconductor and Shenzhen BASiC Semiconductor collaborated to enhance the performance of silicon carbide (SiC) power devices, particularly for cost-effective solutions in electric vehicle (EV) powertrains. Through this collaboration, the strengths of both companies will be harnessed to develop onboard power modules for EVs, focusing on advancing SiC technology in this domain. The penetration of smart infrastructure has increased the demand for EV infrastructure, which increases the demand for electric vehicles, influencing the market growth.
In addition, the key factors such as increased development in automotive industry along with the increased demand for safety features in automobiles and the introduction of electric & hybrid vehicles across the globe supplements the growth of the market across the globe.
The automotive semiconductor market has been segmented on the basis of component, vehicle type, propulsion type, application, and region. By component, the global market has been segmented into processor, analog IC, discrete power, sensor, memory, and others. By vehicle type, the global automotive semiconductor market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. By propulsion type, the global automotive semiconductor market has been segmented into internal combustion engine and electric. By application, the global automotive semiconductor market has been segmented into powertrain, safety, body electronics, chassis, and telematics & infotainment. By region, the market has been studied across North America, Europe, Asia-Pacific and LAMEA.
Key players profiled in the report include Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors, Semiconductor Components Industries, LLC, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics and Texas Instruments Incorporated
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive semiconductor market analysis from 2022 to 2032 to identify the prevailing automotive semiconductor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive semiconductor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive semiconductor market trends, key players, market segments, application areas, and market growth strategies.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key Market SegmentsBy ComponentProcessor
Analog IC
Discrete Power
Sensor
Memory
Others
By Vehicle TypePassenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Propulsion TypeInternal combustion engine
Electric
By ApplicationPowertrain
Safety
Body Electronics
Chassis
Telematics and Infotainment
By RegionNorth 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 PlayersAnalog Devices, Inc.
Semiconductor Components Industries, LLC.
Robert Bosch GmbH
ROHM Co., Ltd.
STMicroelectronics
Micron Technology, Inc.
NXP Semiconductors
Renesas Electronics Corporation
Texas Instruments Incorporated
Infineon Technologies AG
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