All updated as on -
The size of the world market for semiconductors was estimated at USD 41.79 billion in 2023 and is projected to grow to USD 110.99 billion in 2030, at a CAGR of 7.2% from 2022.
Rising demand for electronic content per automotive is predicted to promote market growth over the course of the forecast period. Additionally, it is projected that over the next few years, both luxury and mass-produced automobiles would incorporate more electronic components, leading to steady market growth. Other factors impacting the market's growth include the development of linked cars, entertainment systems, automotive safety systems, and fuel efficiency regulations.
Driving Factors
Every year, almost 1.3 million individuals die in auto accidents. Furthermore, the number of young individuals dying from injuries they sustained in car accidents has increased. The rise in traffic collisions that have occurred all over the world has undoubtedly boosted the demand for various safety features. Airbags, traction control, electronic stability control, lane departure warnings, parking help, collision avoidance systems, tyre pressure monitors and telematics are some of the features in this list.
Restraining Factors
The operational failures of automotive semiconductors under extreme climatic circumstances, such as extremely cold and excessive heat, are the key barrier restricting the market for automotive semiconductors. When there is a lot of heat, problems can occur because semiconductors have a tendency to melt or break, which increases resistance and makes the signal too weak. This is the main reason behind failures. On the other hand, the resistance drops and the system stabilises when the system is heated to the proper temperature. Furthermore, excessive cold harms semiconductors since it impairs their functionality.
The COVID 19 Impact
Significant commercial instability was brought on by the COVID-19 pandemic outbreak and the accompanying measures taken to lower the infection rate, which had a negative impact on several industries all around the world. The pandemic has significantly hurt numerous industries, including the automotive semiconductor industry. The amount of automobiles sold, together with how electrified and digitally advanced such vehicles are, have a significant impact on semiconductor sales for automotive applications. The COVID-19 pandemic outbreak has significantly reduced the number of cars sold. The decline in sales of both passenger and commercial vehicles has a negative impact on the expansion of the automotive semiconductor market. The production of electric cars and the delivery of raw materials were also delayed as a result of predicted delays in international export and import shipments.
Report Coverage
Global Semi-Conductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Semi-Conductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Semi-Conductor 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 Semi-Conductor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Semi-Conductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Semi-Conductor 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
Infineon Technologies AG, Robert Bosh GmbH, NXP Semiconductors, STMicroelectronics, ROHM Co. Ltd., Toshiba Corporation, Texas Instruments Incorporated, Denso Corporation, On Semiconductor Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Semi-Conductor market based on the below-mentioned segments:
Global Semi-Conductor Market, By Type
Global Semi-Conductor market, By Application
Global Semi-Conductor market, Regional Analysis
Rising demand for electronic content per automotive is predicted to promote market growth over the course of the forecast period. Additionally, it is projected that over the next few years, both luxury and mass-produced automobiles would incorporate more electronic components, leading to steady market growth. Other factors impacting the market's growth include the development of linked cars, entertainment systems, automotive safety systems, and fuel efficiency regulations.
Driving Factors
Every year, almost 1.3 million individuals die in auto accidents. Furthermore, the number of young individuals dying from injuries they sustained in car accidents has increased. The rise in traffic collisions that have occurred all over the world has undoubtedly boosted the demand for various safety features. Airbags, traction control, electronic stability control, lane departure warnings, parking help, collision avoidance systems, tyre pressure monitors and telematics are some of the features in this list.
Restraining Factors
The operational failures of automotive semiconductors under extreme climatic circumstances, such as extremely cold and excessive heat, are the key barrier restricting the market for automotive semiconductors. When there is a lot of heat, problems can occur because semiconductors have a tendency to melt or break, which increases resistance and makes the signal too weak. This is the main reason behind failures. On the other hand, the resistance drops and the system stabilises when the system is heated to the proper temperature. Furthermore, excessive cold harms semiconductors since it impairs their functionality.
The COVID 19 Impact
Significant commercial instability was brought on by the COVID-19 pandemic outbreak and the accompanying measures taken to lower the infection rate, which had a negative impact on several industries all around the world. The pandemic has significantly hurt numerous industries, including the automotive semiconductor industry. The amount of automobiles sold, together with how electrified and digitally advanced such vehicles are, have a significant impact on semiconductor sales for automotive applications. The COVID-19 pandemic outbreak has significantly reduced the number of cars sold. The decline in sales of both passenger and commercial vehicles has a negative impact on the expansion of the automotive semiconductor market. The production of electric cars and the delivery of raw materials were also delayed as a result of predicted delays in international export and import shipments.
Report Coverage
Global Semi-Conductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Semi-Conductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Semi-Conductor 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 Semi-Conductor market players and analyses their core competencies in each global market sub-segments.
| 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 | Infineon Technologies AG, Robert Bosh GmbH, NXP Semiconductors, STMicroelectronics, ROHM Co. Ltd., Toshiba Corporation, Texas Instruments Incorporated, Denso Corporation, On Semiconductor 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 Semi-Conductor Market from 2021 to 2030.
- Market Forecast for Semi-Conductor 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, Semi-Conductor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Semi-Conductor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Semi-Conductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Semi-Conductor 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
Infineon Technologies AG, Robert Bosh GmbH, NXP Semiconductors, STMicroelectronics, ROHM Co. Ltd., Toshiba Corporation, Texas Instruments Incorporated, Denso Corporation, On Semiconductor Corporation
Primary Target Market
- Market Players of Semi-Conductor
- 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 Semi-Conductor market based on the below-mentioned segments:
Global Semi-Conductor Market, By Type
- Passenger Vehicle
- LCV
- HCV
Global Semi-Conductor market, By Application
- Chassis
- Powertrain
- Safety
- Telematics & Infotainment
- Body Electronics
Global Semi-Conductor 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
You will get in-depth and extensive semi conductor market market research and competitor analysis for your business to help you develop more profound insights into the semi conductor market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the semi conductor market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.