Automotive Semiconductor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Automotive Semiconductor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
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, CAFÉ, 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.Please note: the PDF e-mail from publisher version of this report is for a global site license.
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