EMEA EV Semiconductor Market 2024

EMEA EV Semiconductor Market 2024

The EMEA region has witnessed a significant growth in the EV market, with Europe leading the way. In fact, Europe accounts for 99% of EV sales in the EMEA region and is also the primary hub for automotive semiconductor manufacturing. However, Europe had to overcome the dominance of Asia in the global EV market, and it has successfully done so by implementing various incentives and regulations that have directly contributed to the increase in EV sales. EMEA EV semiconductor market is forecasted to reach USD 13,607 million in 2029, with a CAGR of 24.2% from 2024 to 2029.

The EMEA market for EV semiconductors is divided into product types, namely discrete, analog, logic, memory, and others. The EMEA revenue generated by discrete EV semiconductors is forecasted to reach a substantial $4,172 million, indicating an impressive incremental growth of $2,813 million and a CAGR of 25.1% from 2024 to 2029. Discrete semiconductors are critical components of EV powertrains and perform essential functions such as regulating voltage, reducing power consumption, and minimizing heat generation.

In terms of end-users, the EV semiconductor market can be classified into five segments: powertrain, chassis & safety, telematics & infotainment, ADAS, and body & others. The ADAS segment is projected to be the fastest-growing segment in the EV semiconductor market. In 2023, EMEA ADAS semiconductors are expected to reach $2,256 million by 2029, with a CAGR of 29.2% and incremental growth of $1,630 million from 2024 to 2029. ADAS encompasses a range of features including automatic emergency braking (AEB), park assist systems (PAS), adaptive front lights, blind spot detection, adaptive cruise control (ACC), forward collision warning system (FCWS), and night vision systems. These features are enabled by various semiconductors such as radar microcontrollers, LiDAR detectors, image sensors, memory ICs, digital signal processors (DSPs), LEDs, and ultrasonic sensors.

The EMEA EV semiconductor market is dominated by the top five companies, namely Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., STMicroelectronics N.V., and Texas Instruments Inc. Together, they hold a market share of over 60-65% in 2023.

Additionally, there are several other notable players operating in the EMEA EV semiconductor market. These include Allegro MicroSystems Inc., Ambarella, Inc., ams-OSRAM AG, Analog Devices, Inc., Broadcom Inc., BYD Semiconductor Co., Ltd., Cirrus Logic Inc., Diodes, Inc., Elmos Semiconductor SE, Fuji Electric Co., Ltd., Hon Hai Precision Industry Co., Ltd., indie Semiconductor Inc., Intel Corp., Littelfuse, Inc., LX Semicon Co., Ltd., Macronix International Co., Ltd., MaxLinear, Inc., MediaTek Inc., Melexis N.V., Microchip Technology Inc., Micron Technology, Inc., Mitsubishi Electric Corp., Monolithic Power Systems, Inc., Murata Manufacturing Co., Ltd., Nanya Technology Corp., Nuvoton Technology Corporation, NVIDIA Corp., ON Semiconductor Corp., Qorvo Inc., QUALCOMM, Inc., Robert Bosch GmbH, ROHM Co., Ltd., Samsung Electronics Co., Ltd., Semtech Corporation, Silicon Motion Technology Corporation, SK Hynix, Inc., Sony Semiconductor Solutions Corporation, Toshiba Electronic Devices & Storage Corporation, Vishay Intertechnology, Inc., VisIC Technologies Ltd., Western Digital Corp., Wolfspeed Inc., and Wolfspeed, Inc., among others.

This study aims to analyze the EMEA market for various segments of EV semiconductor, including:

Product Type: Discrete, Analog, Logic, Memory, and Others.
EV Type: PHEV (Plug-in Hybrid Electric Vehicle) and BEV (Battery Electric Vehicle).
End-User: Powertrain, Chassis & Safety, Telematics & Infotainment, ADAS, and Body & Others.
Region: EMEA (Europe, the Middle East and Africa)