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Automotive Semiconductor Market Report

RA08547

Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, Memory, and Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), Propulsion Type (Internal Combustion Engine and Electric Engine), Application (Powertrain, Safety, Body Electronics, Chassis, and Telematics & Infotainment), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA08547

Pages: 280

Feb 2022

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Automotive Semiconductor Market

Automotive Semiconductor Market Analysis

The global automotive Semiconductor market is anticipated to garner $93,696.2 million in the 2021–2028 timeframe, growing from $36,090.5 million in 2020, at a healthy CAGR of 12.2%.

Market Synopsis

The automotive semiconductor market is expected to grow due to growing demand for the safety features in the cars and increasing adoption of electric vehicles in the recent days. Additionally, acquisitions and business expansion by key market players are also expected to drive the semiconductor market growth.

The rise in the prices of the vehicles is the major factor anticipated to hamper the market growth in the near future.

According to the regional analysis of the market, the Asia-Pacific automotive semiconductor market is anticipated to grow at a CAGR of 12.7%, by generating a revenue of $21,615.7 million during the review period.

Automotive Semiconductor Overview

The automotive semiconductors cover the maximum part of the vehicles innovations in vehicles development and are the main reason for the growth of the demand. The latest vehicles are equipped with features such as heads-up displays, cell phone integration, comfort, autonomous driving aids, and performance of the vehicle. Moreover, as cars are becoming complicated, the necessity for automotive semiconductor is increasing rapidly and providing a powerful long term growth for the automotive industry.

Impact Analysis of COVID-19 on the Global Automotive Semiconductor Market

The global coronavirus had created a profound impact on the lives across the globe. The automotive industry is one of the major industries that was impacted widely. Due to the COVID-19, the import and export of the raw materials were totally affected due to which the semiconductor manufacturing organizations were affected as they were unable to manufacture the required parts as well as the demand for the vehicles was also affected, which led to the deep drop in the sales of the vehicles and various other factors related to the automotive industry, such as developments of the new electric vehicle in the developing nations. These factors hampered the automotive semiconductor market growth.

On the other hand, many governments across the world are providing subsidies and various other advantages for the people adopting electric vehicles which is further anticipated to drive the market growth across the globe as automotive semiconductors play a major role in the electric vehicles, and the growing demand for electric vehicle across the globe will boost the market.

Increasing Demand for the Advanced Safety, Comfort, and Convenience ss Projected to Drive the Market Growth

The increasing demand for the safety features in the automobile industries as well as the vehicle is the key factor anticipated to drive the market growth in the near future. For example, in Jan 2022, the government of the India passed a bill that was provided to all the car manufactures stating that all the car manufactured in 2022 onwards should have 6 airbags. Additionally, the rising demand for vehicle electrification is another key factor that is projected to boost the global automotive semiconductor market in the near future.

To know more about global automotive semiconductor market drivers, get in touch with our analysts here.

Increasing Overall Vehicle Cost is Anticipated to Restrain the Market Growth

The rising demand for the vehicle electrification along with the adoption of various automotive semiconductor in order to make the vehicle advanced to provide a better safety to the consumer is anticipated to increase the cost of the vehicle, which is predicted to be one of the major factors hampering the market growth.

Rise in Demand for Electric Vehicles across the Globe to Create Growth Opportunities

The world is undergoing a significant energy transition. Industrial manufacturers around the world are minimizing the usage of combustion fuels, due to which the demand for the electric vehicles is increasing across the globe. The electric vehicles are one of the major components of the automotive electronics market. Thus, the electric vehicles are anticipated to create better growth opportunities for global semiconductor market.

To know more about global automotive semiconductor market opportunities, get in touch with our analysts here.

Automotive Semiconductor Market
By Component

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Based on component, the market has been divided into processor, analog IC, discrete power, sensor, memory, and others. Processor sub-segment is anticipated to be the fastest growing sub-segment in the projected time frame. Download PDF Sample Report

Source: Research Dive Analysis

The processor sub-segment is anticipated to have the fastest growth rate and generate a revenue of $21,367.6 million by 2028, growing from $7,941.9 million in 2020.
Processors are widely used in controlling various parts of the vehicle and co-ordinate with various electronic components present in the vehicle to function properly according to the situations. The components controlled by the processor are low-end devices control lights and sensors, whereas high-end devices are used in the infotainment, navigation, autonomous driving systems, and others. Moreover, the upcoming innovation from the autonomous driving system is projected to drive the processor sub-segment market in the near future.

Automotive Semiconductor Market
By Vehicle Type

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Based on vehicle type, the analysis has been divided into Passenger Car, light commercial vehicle, and heavy commercial vehicle. Out of these, light commercial vehicles sub-segment is predicted to be the fastest growing segment during the forecast period.

Source: Research Dive Analysis

The light commercial sub-segment of the global automotive semiconductor market is anticipated to grow at the highest CAGR of 12.6% and reach $33,651.0 million by 2028, growing from $12,598.7 million in 2020.
The light commercial vehicles is anticipated to grow due to various regulations laid by the governments across the world, which are forcing vehicle producers to decrease carbon emissions caused by diesel fuel ignition, leading them to invest more in developing electric vehicles. The governments across the globe are providing various initiative schemes and programs in order to promote the adoption of EV vehicles which in turn is projected to increase the automotive semiconductor market growth. Additionally, the governments are also pushing the supply chain organizations as well as manufactures to adopt EV.

Global Automotive Semiconductor Market, by Propulsion Type

Based on propulsion type, the analysis has been bifurcated into internal combustion engine and electric engine. Out of these, electric engine sub-segment is predicted to be the fastest growing sub-segment during the forecast period.

Global Automotive Semiconductor Market, by Propulsion Type

Source: Research Dive Analysis

The electric engine sub-segment of the global automotive semiconductor market is anticipated to grow at the highest CAGR of 12.9% and generate $36,720.1 million by 2028, growing from $13,493.5 million in 2020.
The growing demand for the decrease in the emission that is caused by petrol and diesel vehicles across the globe is driving the market for the growth of electric engine vehicle. The large number of semiconductors that are being used in the electric vehicles in anticipated to grow as the adoption of electric vehicles increases across the world.

Global Automotive Semiconductor Market, by Application

Based on application, the analysis has been categorized into powertrain, safety, body electronics, chassis, and telematics & infotainment. Out of these, telematics & infotainment sub-segment is predicted to be the most dominant sub-segment and show the fastest growth during the forecast period.

Global Automotive Semiconductor Market, by Application

Source: Research Dive Analysis

The telematics & infotainment sub-segment of the global automotive semiconductor market is projected to grow at the highest CAGR of 12.8% and reach $30,947.6 million by 2028, growing from $11,449.8 million in 2020.
The growing demand for the wirelessly connected vehicles across the globe helps in detecting the location of the car in case of emergencies. It also helps in exchanging the safety information of the vehicles, assisting the owner or the driver in emergency conditions. These are the key factors anticipated to drive the telematics & infotainment sub-segment over the forecast period.

Global Automotive Semiconductor Market, Regional Insights:

The automotive semiconductor market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Automotive Semiconductor Market, Regional Insights

Source: Research Dive Analysis

The Asia-Pacific Automotive Semiconductor Market is Anticipated to Experience the Fastest Growth Rate

Automotive semiconductor market for Asia-Pacific region is anticipated to grow at a higher CAGR of 12.7% and reach $21,615.7 million. The growth is majorly due to the increasing automotive manufacturing hubs as well as the direct partnerships between the semiconductor manufacturers and the vehicle OEMs. The growing demand for the comfort and the luxury offered by various cars is one of the major factors behind the cost of fuel no longer being important compared to safety for buyers. Additionally, the demand for the luxury and the semi luxury vehicles across the region is increasing and the number of automotive Semiconductor components used in these vehicles is more as compared to the normal vehicles. As a result, the Asia-Pacific automotive semiconductor industry offers a potential market area.

Competitive Scenario in the Global Automotive Semiconductor Market

Product advancements, innovations, and business expansion are common strategies followed by major market players.

Competitive Scenario in the Global Automotive Semiconductor Market

Source: Research Dive Analysis

Some of the leading automotive semiconductor market players are STMicroelectronics N.V., Analog Devices, Inc., Texas Instruments, Inc., Micron Technology, Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., On Semiconductor Corp., Robert Bosch GmbH, and ROHM Co., Ltd.

Porter’s Five Forces Analysis for the Global Automotive Semiconductor Market:

  • Bargaining Power of Suppliers: The number of automotive semiconductor players is moderate. However, there is a growing demand for the EV vehicles from various countries in order to reduce the environmental impact.
    Thus, the bargaining power suppliers is moderate.
  • Bargaining Power of Buyers: Buyers have little bargaining power as the number of players in the automotive semiconductor market are moderate. 
    Thus, the bargaining power of the buyers is moderate.
  • Threat of New Entrants: The companies entering automotive semiconductor market have to deal with high investment cost and adhere to the environmental regulations as well. 
    Thus, the threat of the new entrants is low.
  • Threat of Substitutes: The availability of the alternatives for the automotive semiconductor is very low. 
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is extensive mainly because the number of players operating in automotive semiconductor industry are focusing on enhancing the efficiency of the battery, business expansion, and product innovations.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Component

  • Processor
  • Analog IC
  • Discrete Power
  • Sensor
  • Memory
  • Others

  Segmentation by Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

  Segmentation by Propulsion Type

  • Internal Combustion Engine
  • Electric Engine

  Segmentation by Application

  • Powertrain
  • Safety
  • Body Electronics
  • Chassis
  • Telematics & Infotainment

  Key Companies Profiled

  • STMicroelectronics N.V.
  • Analog Devices, Inc.
  • Texas Instruments, Inc.
  • Micron Technology
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Renesas Electronics Corp.
  • On Semiconductor Corp.
  • Robert Bosch GmbH
  • ROHM Co., Ltd.

Frequently Asked Questions
 

A. The size of the global automotive semiconductor market was over $36,090.5 million in 2020 and is projected to reach $93,696.2 million by 2028.

A. STMicroelectronics N.V. and Analog Devices, Inc. are some of the major companies operating in the global automotive semiconductor market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. The growth rate of the Asia-Pacific automotive semiconductor market is 12.7%.

A. Product innovations, technological advancements, and business expansions are the key strategies opted by the operating companies in this market.

A. Micron Technology, Infineon Technologies AG, and NXP Semiconductors N.V. companies are investing more on R&D practices.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Component trends
2.3.Vehicle type trends
2.4.Propulsion type trends
2.5.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Source landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Automotive Semiconductors Market, by Component

4.1.Processor

4.1.1.Market size and forecast, by region, 2021-2028
4.1.2.Comparative market share analysis, 2021 & 2028

4.2.Analog IC

4.2.1.Market size and forecast, by region, 2021-2028
4.2.2.Comparative market share analysis, 2021 & 2028

4.3.Discreate Power

4.3.1.Market size and forecast, by region, 2021-2028
4.3.2.Comparative market share analysis, 2021 & 2028

4.4.Sensor

4.4.1.Market size and forecast, by region, 2021-2028
4.4.2.Comparative market share analysis, 2021 & 2028

4.5.Power

4.5.1.Market size and forecast, by region, 2021-2028
4.5.2.Comparative market share analysis, 2021 & 2028

4.6.Sensor

4.6.1.Market size and forecast, by region, 2021-2028
4.6.2.Comparative market share analysis, 2021 & 2028

5.Automotive Semiconductors Market, by Vehicle Type

5.1.Passenger Vehicle

5.1.1.Market size and forecast, by region, 2021-2028
5.1.2.Comparative market share analysis, 2021 & 2028

5.2.Light Commercial Vehicle

5.2.1.Market size and forecast, by region, 2021-2028
5.2.2.Comparative market share analysis, 2021 & 2028

5.3.Heavy Commercial Vehicle

5.3.1.Market size and forecast, by region, 2021-2028
5.3.2.Comparative market share analysis, 2021 & 2028

6.Automotive Semiconductors Market, by Propulsion Type

6.1.Internal Combustion

6.1.1.Market size and forecast, by region, 2021-2028
6.1.2.Comparative market share analysis, 2021 & 2028

6.2.Electric Engine

6.2.1.Market size and forecast, by region, 2021-2028
6.2.2.Comparative market share analysis, 2021 & 2028

7.Automotive Semiconductors Market, by Application

7.1.Powertrain

7.1.1.Market size and forecast, by region, 2021-2028
7.1.2.Comparative market share analysis, 2021 & 2028

7.2.Safety

7.2.1.Market size and forecast, by region, 2021-2028
7.2.2.Comparative market share analysis, 2021 & 2028

7.3.Body Electronics

7.3.1.Market size and forecast, by region, 2021-2028
7.3.2.Comparative market share analysis, 2021 & 2028

7.4.Chassis

7.4.1.Market size and forecast, by region, 2021-2028
7.4.2.Comparative market share analysis, 2021 & 2028

7.5.Telematics and Infotainment

7.5.1.Market size and forecast, by region, 2021-2028
7.5.2.Comparative market share analysis, 2021 & 2028

8.Automotive Semiconductors Market, by Region

8.1.North America

8.1.1.Market size and forecast, by Component, 2021-2028
8.1.2.Market size and forecast, by Vehicle Type, 2021-2028
8.1.3.Market size and forecast, by Propulsion Type, 2021-2028
8.1.4.Market size and forecast, by Application, 2021-2028
8.1.5.Market size and forecast, by country, 2021-2028
8.1.6.Comparative market share analysis, 2021 & 2028

8.1.7.U.S.

8.1.7.1.Market size and forecast, by Component, 2021-2028
8.1.7.2.Market size and forecast, by Vehicle Type, 2021-2028
8.1.7.3.Market size and forecast, by Propulsion Type, 2021-2028
8.1.7.4.Market size and forecast, by Application, 2021-2028
8.1.7.5.Comparative market share analysis, 2021 & 2028

8.1.8.Canada

8.1.8.1.Market size and forecast, by Component, 2021-2028
8.1.8.2.Market size and forecast, by Vehicle Type, 2021-2028
8.1.8.3.Market size and forecast, by Propulsion Type, 2021-2028
8.1.8.4.Market size and forecast, by Application, 2021-2028
8.1.8.5.Comparative market share analysis, 2021 & 2028

8.1.9.Mexico

8.1.9.1.Market size and forecast, by Component, 2021-2028
8.1.9.2.Market size and forecast, by Vehicle Type, 2021-2028
8.1.9.3.Market size and forecast, by Propulsion Type, 2021-2028
8.1.9.4.Market size and forecast, by Application, 2021-2028
8.1.9.5.Comparative market share analysis, 2021 & 2028

8.2.Europe

8.2.1.1.Market size and forecast, by Component, 2021-2028
8.2.1.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.1.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.1.4.Market size and forecast, by Application, 2021-2028
8.2.2.Market size and forecast, by country, 2021-2028
8.2.3.Comparative market share analysis, 2021 & 2028

8.2.4.UK

8.2.4.1.Market size and forecast, by Component, 2021-2028
8.2.4.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.4.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.4.4.Market size and forecast, by Application, 2021-2028
8.2.4.5.Comparative market share analysis, 2021 & 2028

8.2.5.Germany

8.2.5.1.Market size and forecast, by Component, 2021-2028
8.2.5.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.5.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.5.4.Market size and forecast, by Application, 2021-2028
8.2.5.5.Comparative market share analysis, 2021 & 2028

8.2.6.France

8.2.6.1.Market size and forecast, by Component, 2021-2028
8.2.6.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.6.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.6.4.Market size and forecast, by Application, 2021-2028
8.2.6.5.Comparative market share analysis, 2021 & 2028

8.2.7.Spain

8.2.7.1.Market size and forecast, by Component, 2021-2028
8.2.7.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.7.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.7.4.Market size and forecast, by Application, 2021-2028
8.2.7.5.Comparative market share analysis, 2021 & 2028

8.2.8.Italy

8.2.8.1.Market size and forecast, by Component, 2021-2028
8.2.8.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.8.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.8.4.Market size and forecast, by Application, 2021-2028
8.2.8.5.Comparative market share analysis, 2021 & 2028

8.2.9.Rest of Europe

8.2.9.1.Market size and forecast, by Component, 2021-2028
8.2.9.2.Market size and forecast, by Vehicle Type, 2021-2028
8.2.9.3.Market size and forecast, by Propulsion Type, 2021-2028
8.2.9.4.Market size and forecast, by Application, 2021-2028
8.2.9.5.Comparative market share analysis, 2021 & 2028

8.3.Asia Pacific

8.3.1.1.Market size and forecast, by Component, 2021-2028
8.3.1.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.1.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.1.4.Market size and forecast, by Application, 2021-2028
8.3.2.Market size and forecast, by country, 2021-2028
8.3.3.Comparative market share analysis, 2021 & 2028

8.3.4.India

8.3.4.1.Market size and forecast, by Component, 2021-2028
8.3.4.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.4.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.4.4.Market size and forecast, by Application, 2021-2028
8.3.4.5.Comparative market share analysis, 2021 & 2028

8.3.5.China

8.3.5.1.Market size and forecast, by Component, 2021-2028
8.3.5.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.5.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.5.4.Market size and forecast, by Application, 2021-2028
8.3.5.5.Comparative market share analysis, 2021 & 2028

8.3.6.Japan

8.3.6.1.Market size and forecast, by Component, 2021-2028
8.3.6.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.6.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.6.4.Market size and forecast, by Application, 2021-2028
8.3.6.5.Comparative market share analysis, 2021 & 2028

8.3.7.South Korea

8.3.7.1.Market size and forecast, by Component, 2021-2028
8.3.7.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.7.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.7.4.Market size and forecast, by Application, 2021-2028
8.3.7.5.Comparative market share analysis, 2021 & 2028

8.3.8.Australia

8.3.8.1.Market size and forecast, by Component, 2021-2028
8.3.8.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.8.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.8.4.Market size and forecast, by Application, 2021-2028
8.3.8.5.Comparative market share analysis, 2021 & 2028

8.3.9.Rest of Asia-Pacific

8.3.9.1.Market size and forecast, by Component, 2021-2028
8.3.9.2.Market size and forecast, by Vehicle Type, 2021-2028
8.3.9.3.Market size and forecast, by Propulsion Type, 2021-2028
8.3.9.4.Market size and forecast, by Application, 2021-2028
8.3.9.5.Comparative market share analysis, 2021 & 2028

8.4.LAMEA

8.4.1.Market size and forecast, by Component, 2021-2028
8.4.2.Market size and forecast, by Vehicle Type, 2021-2028
8.4.3.Market size and forecast, by Propulsion Type, 2021-2028
8.4.4.Market size and forecast, by Application, 2021-2028
8.4.5.Market size and forecast, by country, 2021-2028
8.4.6.Comparative market share analysis, 2021 & 2028

8.4.7.Brazil

8.4.7.1.Market size and forecast, by Component, 2021-2028
8.4.7.2.Market size and forecast, by Vehicle Type, 2021-2028
8.4.7.3.Market size and forecast, by Propulsion Type, 2021-2028
8.4.7.4.Market size and forecast, by Application, 2021-2028
8.4.7.5.Comparative market share analysis, 2021 & 2028

8.4.8.Saudi Arabia

8.4.8.1.Market size and forecast, by Component, 2021-2028
8.4.8.2.Market size and forecast, by Vehicle Type, 2021-2028
8.4.8.3.Market size and forecast, by Propulsion Type, 2021-2028
8.4.8.4.Market size and forecast, by Application, 2021-2028
8.4.8.5.Comparative market share analysis, 2021 & 2028

8.4.9.South Africa

8.4.9.1.Market size and forecast, by Component, 2021-2028
8.4.9.2.Market size and forecast, by Vehicle Type, 2021-2028
8.4.9.3.Market size and forecast, by Propulsion Type, 2021-2028
8.4.9.4.Market size and forecast, by Application, 2021-2028
8.4.9.5.Comparative market share analysis, 2021 & 2028

8.4.10.Rest of LAMEA

8.4.10.1.Market size and forecast, by Component, 2021-2028
8.4.10.2.Market size and forecast, by Vehicle Type, 2021-2028
8.4.10.3.Market size and forecast, by Propulsion Type, 2021-2028
8.4.10.4.Market size and forecast, by Application, 2021-2028
8.4.10.5.Comparative market share analysis, 2021 & 2028

9.Company profiles

9.1.STMicroelectronics N.V.

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.Analog Devices, Inc.

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Texas Instruments, Inc.

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.Micron Technology

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.Infineon Technologies AG

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.Renesas Electronics Corp.

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.NXP Semiconductors N.V.

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.On Semiconductor Corp.

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Robert Bosch GmbH

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.ROHM Co., Ltd.

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

Automotive semiconductors are special type of electronic components used in vehicles for critical functions, such as safety features, sensing, power management, and control of the vehicle. These semiconductors are made of germanium and silicon as the basic components, which are essential for automotive electronics’ better working. Automotive semiconductors are used in vehicles to ensure the efficient operation of the associated component in all conditions. The advancements in vehicle-based technology, such as introduction of telematics & infotainment, advanced driver assistance system (ADAS) followed by the increased inclination towards the rising adoption of electric vehicles are responsible for the growth of the global automotive semiconductor market across the globe.

COVID-19 Impact on Automotive Semiconductor Market

The outbreak of COVID-19 across the globe has unfavorably impacted the global automotive semiconductor market growth. The negative impact on the market is majorly owing to the lockdown restrictions which influenced the import and export of the raw materials across the globe. Due to this, the semiconductor manufacturing organizations were hugely affected as they were not able to manufacture the required parts for the vehicles. Besides, the drop in the sales of vehicles and the slowing down in the development of the novel electric vehicles in the developing economies are other factors which have negatively impacted the market growth during the pandemic period.

However, various governments across the globe are taking initiatives such as providing subsidies and several other advantages to people for adopting electric vehicles which is predicted to boost the growth of the global automotive semiconductor market post the pandemic period over the forecast period.

Automotive Semiconductor Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global automotive semiconductor market growth in the upcoming years.

For instance, in July 2021, STMicroelectronics, the leading electronics and semiconductors manufacturer, entered into an anchor partnership with Autobahn with an aim to power innovation in the automotive industry by introducing dynamic new companies (selected) to established technology corporations. Along with STMicroelectronics’s support through semiconductors and Autobahn’s major car brands and vendors, the major emphasis will be given on smart mobility for smart and electric connected driving vehicles.

In September 2021, ROHM, the leading designer and manufacturer of semiconductors, integrated circuits (ICs), and other electronic components, announced the development of novel SerDes ICs and PMIC majorly designed for the vehicle satellite cameras in order to support Advanced Driver Assistance Systems (ADAS). According to the company, these products will help in low electromagnetic noise, low power consumption, and compact the ADAS system modules.

In January 2022, Infineon Technologies AG, the global market specialist in automotive semiconductors, announced the launch AURIX TC4x to strengthen its automotive semiconductor offering. With this launch, Infineon is continuing its path to shape future mobility with technological advancements, such as eMobility, automotive E/E architectures, ADAS, and affordable AI applications.

Forecast Analysis of Global Market

The global automotive semiconductor market is projected to witness an exponential growth over the forecast period, owing to the business expansion and acquisitions by key market players. Conversely, the increase in prices of vehicles across the globe is expected to hamper the market growth in the projected timeframe.

The increasing demand for safety features and the growing adoption of electric vehicles across the globe are the significant factors and automotive semiconductor market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global automotive semiconductor market is expected to garner $93,696.2 million during the forecast period (2021-2028). Regionally, the Asia-Pacific market is estimated to witness the fastest growth by 2028, owing to the growing automotive manufacturing hubs and the direct partnerships amongst the vehicle OEMs and semiconductor manufacturers.

The key players functioning in the global market include STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments, Inc., Analog Devices, Inc., Micron Technology, NXP Semiconductors N.V., Renesas Electronics Corp., Robert Bosch GmbH, On Semiconductor Corp., and ROHM Co., Ltd.

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