Automotive semiconductors are integral components in the modern automotive industry, playing a pivotal role in the functioning and enhancement of vehicles. These semiconductors are used in various vehicle systems to improve performance, safety and comfort, reflecting the increasing electrification and sophistication of automobiles.
The automotive semiconductor market consists of sales, by entities (organizations, sole traders or partnerships), of automotive semiconductors that are used in producing semiconductor devices that are required for a wide range of automotive products.
The global automotive semiconductor market was valued at $38,937.3 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Rising Use Of Electronic Components In The Automotive Industry
The rising use of electronic components in the automotive industry drove the growth of the automotive semiconductor market during the historic period. The automotive industry is transitioning from hardware-driven to software-driven vehicles. The complexity of modern automobiles has escalated, with the inclusion of several electronic systems for connectivity, infotainment, safety features, engine management and driver assistance systems, among other purposes. These electronic systems mostly rely on semiconductor components to operate effectively and dependably. According to A2 Global Electronics, a US-based company that provides electronic components for the automotive industry, Micro-Electro-Mechanical Systems (MEMS) sensors, which are a type of miniaturized device that combines mechanical and electrical components, accounted for approximately 30% of the total sensors used in cars, as of February 2020. Therefore, the increasing use of electronic components in the automotive industry contributed to the growth of the automotive semiconductor market.
Introduction Of Starter Kits For Automotive Gateway Systems
Major companies operating in the automotive semiconductor market are introducing starter kits for automotive gateway systems, to aid the development of advanced automotive architectures. A starter kit is a device designed to support a variety of communication protocols, ensuring compatibility with diverse vehicle architectures and allowing for efficient data exchange between electronic control units (ECUs). For example, in July 2023, Renesas Electronics Corporation, a Japan-based semiconductor manufacturing company, announced the introduction of the R-Car S4 Starter Kit, a development board tailored for automotive gateway systems. This starter kit is designed to be a cost-effective and easily accessible solution for developers looking to build software on the Renesas R-Car S4 system on a chip (SoC). The R-Car S4 SoC is engineered to support high-performance, high-speed networking, high security and high functional safety levels, which are essential, as automotive E/E architectures continue to evolve.
The global automotive semiconductor market is concentrated, with a few players operating in the market. The top ten competitors in the market made up 42.55% of the total market in 2022.
Automotive Semiconductor Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global automotive semiconductor market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for automotive semiconductor? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The automotive semiconductor market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider automotive semiconductor market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by vehicle type, by application by propulsion type.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the automotive semiconductor market.
- Global Market Size and Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by component, by vehicle type, by application by propulsion type in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for automotive semiconductor providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Markets Covered:
- 1) By Component: Processor; Analog IC (Integrated Circuits); Discrete Power; Sensor; Memory; Other Components
- 2) By Vehicle Type: Passenger Vehicle; Light Commercial Vehicle; Medium And Heavy Commercial Vehicle
- 3) By Application: Powertrain; Safety, Body Electronics; Chassis And Telematics; Infotainment
- 4) By Propulsion Type: Internal Combustion Engine; Electric; Hybrid
- Companies Mentioned: Infineon Technologies AG; STMicroelectronics N.V.; NXP Semiconductors N.V.; Renesas Electronics Corp.; Texas Instruments, Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; automotive semiconductor indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.