Latin America Automotive Semiconductor Market 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,500	108 Pages	Triton Market Research	July, 2024	TRTN19011183

Best Price Guarantee
Price	from $1,500
Length	108 Pages
Publisher	Triton Market Research
Published Date	July, 2024
SKU	TRTN19011183

Latin America Automotive Semiconductor Market 2024-2032

Triton Market Research’s analysis estimates the Latin America automotive semiconductor market to witness growth at a CAGR of 6.39% during the 2024-2032 forecast years.

In Latin America, the automotive semiconductor market is set for substantial growth, largely driven by the region’s accelerating shift towards electric vehicles (EVs) and advanced driver assistance systems (ADAS). According to the International Energy Agency (IEA), the region’s electric vehicle sales reached almost 90,000 in 2023. Policy measures and incentives for manufacturing and adoption support this surge. For example, the temporary exemption of import taxes on EVs until 2024, alongside exemptions from the new vehicle tax (ISAN), elevates the demand for electric vehicles. Further, the region’s vast renewable energy resources and initiatives to bolster clean energy technologies further support semiconductor manufacturing.

The countries assessed in this region include Brazil, Mexico, and Rest of Latin America.

Mexico leads the regional market, capturing a market share worth $1150.87 million in 2023

- The IEA noted that in 2023, electric car registrations in Mexico were up 80% year-on-year to 15,000. This surge in EV adoption largely supports the demand for semiconductor technology for varied automotive applications, thereby enhancing connectivity, functionality, etc.

- Further, in March 2024, the US Department of State announced a partnership with the Government of Mexico to explore novel opportunities to diversity and expand the semiconductor ecosystem under the International Technology Security and Innovation (ITSI) Fund.

- This includes efforts to improve infrastructure, such as modernizing border crossings to facilitate trade, which indirectly benefits the semiconductor supply chain.

Market Forecast for Brazil

As Brazil’s automotive industry pivots towards more sophisticated and energy-efficient vehicles, the need for semiconductors in areas such as power management, infotainment systems, and advanced driver-assistance systems (ADAS) is expanding. Government initiatives such as tax incentives for electric and hybrid vehicle production, investments in research and development, and partnerships with international tech firms are further fostering growth in the market. Additionally, the establishment of local semiconductor manufacturing facilities and strategic collaborations with global semiconductor companies are expected to elevate demand for semiconductor technology.

The market segmentation includes application, component, type of fuel, and type of vehicle. The application section comprises ADAS, infotainment, powertrain, body electronics, and safety systems.

Advanced Driver Assistance Systems (ADAS) are sophisticated technologies embedded within vehicles to support drivers in various ways. Examples of these systems include parking assistance, tire pressure monitoring, and adaptive front lighting. Additionally, ADAS can monitor driver fatigue and distraction, offering precautionary alerts or feedback on driving performance. Semiconductors are essential components in the sensors, processors, and communication systems that enable these technologies to operate effectively. Moreover, they facilitate the rapid processing of data from various sensors, allowing ADAS to make real-time decisions and ensure the safety and efficiency of the vehicle’s operation.

Contender Analysis in the Automotive Semiconductor Market:

Intel Corporation specializes in creating and producing essential digital technology products and components for the computing and communications sectors. The company’s product lineup includes processors, chipsets, motherboards, solid-state drives, server products, wired and wireless connectivity solutions, software, applications, and consumer electronics. A critical aspect of Intel’s offerings is the use of semiconductors, which are fundamental to the operation of their processors, chipsets, and various other products. Its customers include original equipment manufacturers (OEMs), industrial and communications equipment manufacturers, and original design manufacturers (ODMs).

In March 2024, Intel and the US Department of Commerce signed a preliminary memorandum of terms (PMT) for direct Science Act.

Other prominent companies in the market are ON Semiconductor Corporation, Rober Bosch GmbH, Samsung Electronics Co Ltd, and STMicroelectronics NV, among others.

1. Latin America Automotive Semiconductor Market - Summary
2. Industry Outlook: 2.1. Impact Analysis On The Automotive Semiconductor Market; 2.1.1. Covid-19 Impact; 2.1.2. Russia-ukraine War Impact; 2.2. Porter’s Five Forces Analysis; 2.2.1. Threat Of New Entrants; 2.2.2. Threat Of Substitutes; 2.2.3. Bargaining Power Of Buyers; 2.2.4. Bargaining Power Of Suppliers; 2.2.5. Threat Of Competitive Rivalry; 2.3. Market Attractiveness Index; 2.4. Key Buying Impact Analysis; 2.4.1. Performance And Reliability; 2.4.2. Compatibility And Integration; 2.4.3. Cost-effectiveness; 2.4.4. Brand Reputation; 2.5. Supply Chain Analysis; 2.5.1. Raw Material Suppliers; 2.5.2. Semiconductor Manufacturers; 2.5.3. Semiconductor Packaging And Testing; 2.5.4. Automotive System Integrators; 2.5.5. Dealerships And Aftermarket; 2.6. Key Market Strategies; 2.6.1. Acquisitions; 2.6.2. Collaborations; 2.6.3. Product Launches; 2.6.4. Investments & Expansions; 2.7. Market Drivers; 2.7.1. Rising Demand For Electric Vehicles (Evs) And Hybrid Electric Vehicles (Hevs); 2.7.2. Growing Preference For Connected Vehicles; 2.7.3. Increasing Autonomous Features In Vehicles; 2.7.4. Demand For Electronic Control Units (Ecu) With Enhanced Functionality; 2.8. Market Challenges; 2.8.1. Extended Design Cycles And Elevated Development Expenses; 2.8.2. Stringent Automotive Safety And Quality Standards; 2.8.3. Semiconductor Shortages And Supply Chain Disruptions; 2.9. Market Opportunities; 2.9.1. Rising Use Of Gallium Nitride (Gan) And Silicon Carbide (Sic) Power Semiconductors; 2.9.2. Growing Need For System-on-a-chips (Soc) And Automotive-grade Microcontrollers (Mcus); 2.9.3. Increasing Emphasis On Automotive Cybersecurity Solutions; 2.9.4. Shift Towards Neural Network Accelerators And Automotive-grade Ai Processors; 2.10. Analyst Perspective
3. Latin America Automotive Semiconductor Market – By Type Of Vehicle: 3.1. Passenger Cars; 3.2. Light Commercial Vehicles (Lcvs); 3.3. Heavy Commercial Vehicles (Hcvs)
4. Latin America Automotive Semiconductor Market – By Type Of Fuel: 4.1. Gasoline; 4.2. Diesel; 4.3. Electric/Hybrid
5. Latin America Automotive Semiconductor Market – By Application: 5.1. Advanced Driver Assistance Systems; 5.2. Body Electronics; 5.3. Infotainment; 5.4. Powertrain; 5.5. Safety Systems
6. Latin America Automotive Semiconductor Market – By Component: 6.1. Processors; 6.2. Analog Ics; 6.3. Discrete Power Devices; 6.4. Sensors; 6.4.1. Led; 6.4.2. Image Sensor; 6.4.3. Position Sensor; 6.4.4. Temperature Sensor; 6.4.5. Pressure Sensor; 6.4.6. Other Sensors; 6.5. Memory Devices; 6.5.1. Dram; 6.5.2. Flash; 6.6. Lighting Devices
7. Latin America Automotive Semiconductor Market – By Country Outlook: 7.1. Brazil; 7.1.1. Brazil Automotive Semiconductor Market Forecast & Prospects; 7.2. Mexico; 7.2.1. Mexico Automotive Semiconductor Market Forecast & Prospects; 7.3. Rest Of Latin America; 7.3.1. Rest Of Latin America Automotive Semiconductor Market Forecast & Prospects
8. Competitive Landscape: 8.1. Analog Devices Inc; 8.1.1. Overview; 8.1.2. Portfolio; 8.1.3. Key Strength; 8.1.4. Key Challenge; 8.2. Infineon Technologies Ag; 8.2.1. Overview; 8.2.2. Portfolio; 8.2.3. Key Strength; 8.2.4. Key Challenge; 8.3. Intel Corporation; 8.3.1. Overview; 8.3.2. Portfolio; 8.3.3. Key Strength; 8.3.4. Key Challenge; 8.4. Microchip Technology Incorporated; 8.4.1. Overview; 8.4.2. Portfolio; 8.4.3. Key Strength; 8.4.4. Key Challenge; 8.5. Micron Technology Inc; 8.5.1. Overview; 8.5.2. Portfolio; 8.5.3. Key Strength; 8.5.4. Key Challenge; 8.6. Nxp Semiconductors Nv; 8.6.1. Overview; 8.6.2. Portfolio; 8.6.3. Key Strength; 8.6.4. Key Challenge; 8.7. On Semiconductor Corporation; 8.7.1. Overview; 8.7.2. Portfolio; 8.7.3. Key Strength; 8.7.4. Key Challenge; 8.8. Renesas Electronics Corporation; 8.8.1. Overview; 8.8.2. Portfolio; 8.8.3. Key Strength; 8.8.4. Key Challenge; 8.9. Robert Bosch Gmbh; 8.9.1. Overview; 8.9.2. Portfolio; 8.9.3. Key Strength; 8.9.4. Key Challenge; 8.10. Rohm Co Ltd; 8.10.1. Overview; 8.10.2. Portfolio; 8.10.3. Key Strength; 8.10.4. Key Challenge; 8.11. Samsung Electronics Co Ltd; 8.11.1. Overview; 8.11.2. Portfolio; 8.11.3. Key Strength; 8.11.4. Key Challenge; 8.12. Stmicroelectronics Nv; 8.12.1. Overview; 8.12.2. Portfolio; 8.12.3. Key Strength; 8.12.4. Key Challenge; 8.13. Texas Instruments Incorporated; 8.13.1. Overview; 8.13.2. Portfolio; 8.13.3. Key Strength; 8.13.4. Key Challenge; 8.14. Toshiba Corporation; 8.14.1. Overview; 8.14.2. Portfolio; 8.14.3. Key Strength; 8.14.4. Key Challenge; 8.15. Qualcomm Incorporated; 8.15.1. Overview; 8.15.2. Portfolio; 8.15.3. Key Strength; 8.15.4. Key Challenge
9. Research Methodology & Scope: 9.1. Research Scope & Deliverables; 9.2. Sources Of Data; 9.3. Research Methodology
Table List: Table 1: Latin America Automotive Semiconductor Market, By Country Outlook, 2024-2032 (In $ Million); Table 2: List Of Acquisitions; Table 3: List Of Collaborations; Table 4: List Product Launches; Table 5: List Of Investments & Expansions; Table 6: Latin America Automotive Semiconductor Market, By Type Of Vehicle, 2024-2032 (In $ Million); Table 7: Latin America Automotive Semiconductor Market, By Type Of Fuel, 2024-2032 (In $ Million); Table 8: Latin America Automotive Semiconductor Market, By Application, 2024-2032 (In $ Million); Table 9: Latin America Automotive Semiconductor Market, By Component, 2024-2032 (In $ Million); Table 10: Latin America Automotive Semiconductor Market, By Sensors, 2024-2032 (In $ Million); Table 11: Latin America Automotive Semiconductor Market, By Memory Devices, 2024-2032 (In $ Million); Table 12: Latin America Automotive Semiconductor Market, By Country Outlook, 2024-2032 (In $ Million)
Figure List: Figure 1: Porter’s Five Forces Analysis; Figure 2: Market Attractiveness Index; Figure 3: Key Buying Impact Analysis; Figure 4: Supply Chain Analysis; Figure 5: Latin America Automotive Semiconductor Market, By Type Of Vehicle, 2023 & 2032 (In %); Figure 6: Latin America Automotive Semiconductor Market, By Passenger Cars, 2024-2032 (In $ Million); Figure 7: Latin America Automotive Semiconductor Market, By Light Commercial Vehicles (Lcvs), 2024-2032 (In $ Million); Figure 8: Latin America Automotive Semiconductor Market, By Heavy Commercial Vehicles (Hcvs), 2024-2032 (In $ Million); Figure 9: Latin America Automotive Semiconductor Market, By Type Of Fuel, 2023 & 2032 (In %); Figure 10: Latin America Automotive Semiconductor Market, By Gasoline, 2024-2032 (In $ Million); Figure 11: Latin America Automotive Semiconductor Market, By Diesel, 2024-2032 (In $ Million); Figure 12: Latin America Automotive Semiconductor Market, By Electric/Hybrid, 2024-2032 (In $ Million); Figure 13: Latin America Automotive Semiconductor Market, By Application, 2023 & 2032 (In %); Figure 14: Latin America Automotive Semiconductor Market, By Advanced Driver Assistance Systems, 2024-2032 (In $ Million); Figure 15: Latin America Automotive Semiconductor Market, By Body Electronics, 2024-2032 (In $ Million); Figure 16: Latin America Automotive Semiconductor Market, By Infotainment, 2024-2032 (In $ Million); Figure 17: Latin America Automotive Semiconductor Market, By Powertrain, 2024-2032 (In $ Million); Figure 18: Latin America Automotive Semiconductor Market, By Safety Systems, 2024-2032 (In $ Million); Figure 19: Latin America Automotive Semiconductor Market, By Component, 2023 & 2032 (In %); Figure 20: Latin America Automotive Semiconductor Market, By Processors, 2024-2032 (In $ Million); Figure 21: Latin America Automotive Semiconductor Market, By Analog Ics, 2024-2032 (In $ Million); Figure 22: Latin America Automotive Semiconductor Market, By Discrete Power Devices, 2024-2032 (In $ Million); Figure 23: Latin America Automotive Semiconductor Market, By Sensors, 2024-2032 (In $ Million); Figure 24: Latin America Automotive Semiconductor Market, By Sensors, 2023 & 2032 (In %); Figure 25: Latin America Automotive Semiconductor Market, By Led, 2024-2032 (In $ Million); Figure 26: Latin America Automotive Semiconductor Market, By Image Sensor, 2024-2032 (In $ Million); Figure 27: Latin America Automotive Semiconductor Market, By Position Sensor, 2024-2032 (In $ Million); Figure 28: Latin America Automotive Semiconductor Market, By Temperature Sensor, 2024-2032 (In $ Million); Figure 29: Latin America Automotive Semiconductor Market, By Pressure Sensor, 2024-2032 (In $ Million); Figure 30: Latin America Automotive Semiconductor Market, By Other Sensors, 2024-2032 (In $ Million); Figure 31: Latin America Automotive Semiconductor Market, By Memory Devices, 2024-2032 (In $ Million); Figure 32: Latin America Automotive Semiconductor Market, By Memory Devices, 2023 & 2032 (In %); Figure 33: Latin America Automotive Semiconductor Market, By Dram, 2024-2032 (In $ Million); Figure 34: Latin America Automotive Semiconductor Market, By Flash, 2024-2032 (In $ Million); Figure 35: Latin America Automotive Semiconductor Market, By Lighting Devices, 2024-2032 (In $ Million); Figure 36: Latin America Automotive Semiconductor Market, By Country Outlook, 2023 & 2032 (In %); Figure 37: Brazil Automotive Semiconductor Market 2024-2032 (In $ Million); Figure 38: Mexico Automotive Semiconductor Market 2024-2032 (In $ Million); Figure 39: Rest Of Latin America Automotive Semiconductor Market 2024-2032 (In $ Million)