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From 2023 to 2030, the worldwide automotive semiconductor industry is projected to expand from its 2022 valuation of USD 42.89 billion at a CAGR (compound annual growth rate) of 8.2 percent.
The market is predicted to increase steadily over the next few years as a result of the rising prevalence of electronic components in high-end and mass-produced automobiles, the widespread use of electronic control units (ECUs) in today's vehicles, and the increasing importance placed on vehicle safety systems. The increasing prevalence of linked vehicles, entertainment systems, automobile safety systems, and fuel efficiency rules are all driving the market forward. The automotive semiconductor business stands to benefit greatly from the increasing demand for electric and hybrid automobiles.
Therefore, on-board diagnostic systems may be used instead of traditional ones to enable continuous monitoring of the mechanical and electrical components of a vehicle's status. The International Energy Agency (IEA), an independent intergovernmental organisation, has released a paper stating that EVs are crucial to reducing carbon emissions. The worldwide uptake of EVs also increased by 13% between 2020 and 2022.
Report Coverage
Global Automotive Semiconductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Semiconductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Semiconductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Semiconductor market players and analyses their core competencies in each global market sub-segments.
Insights into the Parts
More than 28% of the worldwide automotive semiconductor market was held by the discrete power segment in 2018, and this category is projected to expand at a CAGR of 10.9% between 2023 and 2030. The automotive semiconductor market is broken down into submarkets like as processors, discrete power, sensors, memories, and others. These parts contribute to better electrification, networking, and shared mobility options for vehicles. Several major companies are actively expanding their presence in the discrete power market by launching new products. To operate Brushless Direct Current (BLDC) motors in automobile applications, for instance, Magnachip released a 40V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) in April 2022. Given the importance of having trustworthy automotive semiconductors, the recently introduced 40V MOSFET has been fully AEC-Q101 (Automotive Electronics Council-Q101) certified. The memory devices market is anticipated to develop at the second-fastest rate among all submarkets.
Details on Different Kinds of Automobiles
More than 66% of the global market in 2022 was accounted for by the passenger cars sector, and this trend is likely to continue during the forecast period of 2023 to 2030. The global demand for passenger cars is largely responsible for this expansion. More and more people are installing automotive infotainment systems in their personal vehicles because they offer convenient features like hands-free phone connectivity, navigation, climate control, voice control, parking assistance, two-way communication tools, and internet access. Over the projection period, the market for light commercial vehicles is projected to rise at a CAGR of 6.5%, creating tremendous opportunity.
Perspectives on Use
In 2022, the body electronics industry was worth over $23 billion; between 2023 and 2030, that figure is projected to grow by 9.1 percent. Automakers are putting more body electronics into vehicles to meet the rising demand for comfort and convenience options like power windows, electric seats, and climate control systems. Many of the market's biggest names are boosting their presence in this area.
Local Perspectives
More than 45 percent of the global market was located in Asia and the Pacific in 2022, and that number is projected to rise by 9.6 percent annually between 2023 and 2030. The expansion of the automobile market, especially in developing countries like India, China, and Japan, was a major factor. China dominated the Asia-Pacific market in 2022 and is anticipated to maintain its position of prominence during the forecasted time period.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Semiconductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Semiconductor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Semiconductor market based on the below-mentioned segments:
Global Automotive Semiconductor Market, By Component
Global Automotive Semiconductor market, By Vehicle Type
Global Automotive Semiconductor Market, By Application
Global Automotive Semiconductor market, Regional Analysis
The market is predicted to increase steadily over the next few years as a result of the rising prevalence of electronic components in high-end and mass-produced automobiles, the widespread use of electronic control units (ECUs) in today's vehicles, and the increasing importance placed on vehicle safety systems. The increasing prevalence of linked vehicles, entertainment systems, automobile safety systems, and fuel efficiency rules are all driving the market forward. The automotive semiconductor business stands to benefit greatly from the increasing demand for electric and hybrid automobiles.
Therefore, on-board diagnostic systems may be used instead of traditional ones to enable continuous monitoring of the mechanical and electrical components of a vehicle's status. The International Energy Agency (IEA), an independent intergovernmental organisation, has released a paper stating that EVs are crucial to reducing carbon emissions. The worldwide uptake of EVs also increased by 13% between 2020 and 2022.
Report Coverage
Global Automotive Semiconductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Semiconductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Semiconductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Semiconductor market players and analyses their core competencies in each global market sub-segments.
Insights into the Parts
More than 28% of the worldwide automotive semiconductor market was held by the discrete power segment in 2018, and this category is projected to expand at a CAGR of 10.9% between 2023 and 2030. The automotive semiconductor market is broken down into submarkets like as processors, discrete power, sensors, memories, and others. These parts contribute to better electrification, networking, and shared mobility options for vehicles. Several major companies are actively expanding their presence in the discrete power market by launching new products. To operate Brushless Direct Current (BLDC) motors in automobile applications, for instance, Magnachip released a 40V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) in April 2022. Given the importance of having trustworthy automotive semiconductors, the recently introduced 40V MOSFET has been fully AEC-Q101 (Automotive Electronics Council-Q101) certified. The memory devices market is anticipated to develop at the second-fastest rate among all submarkets.
Details on Different Kinds of Automobiles
More than 66% of the global market in 2022 was accounted for by the passenger cars sector, and this trend is likely to continue during the forecast period of 2023 to 2030. The global demand for passenger cars is largely responsible for this expansion. More and more people are installing automotive infotainment systems in their personal vehicles because they offer convenient features like hands-free phone connectivity, navigation, climate control, voice control, parking assistance, two-way communication tools, and internet access. Over the projection period, the market for light commercial vehicles is projected to rise at a CAGR of 6.5%, creating tremendous opportunity.
Perspectives on Use
In 2022, the body electronics industry was worth over $23 billion; between 2023 and 2030, that figure is projected to grow by 9.1 percent. Automakers are putting more body electronics into vehicles to meet the rising demand for comfort and convenience options like power windows, electric seats, and climate control systems. Many of the market's biggest names are boosting their presence in this area.
Local Perspectives
More than 45 percent of the global market was located in Asia and the Pacific in 2022, and that number is projected to rise by 9.6 percent annually between 2023 and 2030. The expansion of the automobile market, especially in developing countries like India, China, and Japan, was a major factor. China dominated the Asia-Pacific market in 2022 and is anticipated to maintain its position of prominence during the forecasted time period.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO., LTD., Semiconductor Components Industries, LLC, Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Incorporated, TOSHIBA CORPORATION |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Semiconductor Market from 2021 to 2030.
- Market Forecast for Automotive Semiconductor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Semiconductor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Semiconductor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Semiconductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Semiconductor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
- Analog Devices, Inc.
- Infineon Technologies AG
- NXP Semiconductors
- Renesas Electronics Corporation
- Robert Bosch GmbH
- ROHM CO., LTD.
- Semiconductor Components Industries, LLC
- STMicroelectronics
- Texas Instruments Incorporated
- TOSHIBA CORPORATION
Primary Target Market
- Market Players of Automotive Semiconductor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Semiconductor market based on the below-mentioned segments:
Global Automotive Semiconductor Market, By Component
- Processor
- Discrete Power
- Sensor
- Memory
- Others
Global Automotive Semiconductor market, By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle (LCV)
- Heavy Commercial (HCV)
Global Automotive Semiconductor Market, By Application
- Chassis
- Powertrain
- Safety
- Telematics & Infotainment
- Body Electronics
Global Automotive Semiconductor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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