Worldwide Automotive Semiconductor Competitive Landscape, 1H24

Description

This IDC Market Perspective explores the worldwide automotive semiconductor competitive landscape, analyzes development trends, and provides suggestions to automotive semiconductor players."The automotive semiconductor market is witnessing rapid growth and significant transformation driven by advancements in electric vehicles (EVs), autonomous driving technologies, connectivity, and safety requirements. The top 5 players in this sector are setting benchmarks through strategic actions that bolster their competitive advantages," says Adela Guo, senior research director, IDC Asia/Pacific. "Companies should establish their development strategy, engage in strategic acquisitions and partnerships, focus on innovation, optimize manufacturing and supply chain, and expand geographical presence and influence to have an advantage in the fierce competition," she adds.

Product Code: US51537024

Executive Snapshot

New Market Developments and Dynamics

Competitive Landscape
- Market Share
- Top Players
  - Infineon Technologies
    - Product Portfolio
    - Development Dynamics: Infineon and ZF Codeveloped AI Algorithms to Optimize Software and Control Units for Driving Dynamics
  - NXP Semiconductors
    - Product Portfolio
    - Development Dynamics: NXP Won Certification from Car Connectivity Consortium for Accelerates Digital Car Keys
  - STMicroelectronics
    - Product Portfolio
    - Development Dynamics: STMicroelectronics Is Going to Build a Fully Integrated Silicon Carbide Facility in Italy
  - TI
    - Product Portfolio
    - Development Dynamics: TI Is Going to Receive About US$1.6 Billion in CHIPS and Science Act from Texas And Utah
  - Renesas Electronics
    - Product Portfolio
    - Development Dynamics: Renesas Announced Successful Acquisition of Altium