Automotive Semiconductor Market is predicted to reach USD 85,727.8 million at a CAGR of 8.8% during the forecast period

Pune, India, July 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Automotive Semiconductor Market.

Global Automotive Semiconductors Market

Automotive semiconductors are in high demand owing to the increasing trend of vehicle electrification across the globe. The semiconductors used in the automotive industry offer heads-up display, cell phone integration, comfort, autonomous driving aids, and performance. The increase in complexity in these services has increased the demand for automotive semiconductors market and provides a powerful long-term growth engine.

Automotive Semiconductors

Market Synopsis

According to the MRFR analysis, the global Automotive Semiconductors Market size is projected to reach USD 85,727.8  million by 2030 at a CAGR of 8.8%. Automotive semiconductors market have witnessed increased importance courtesy growing number of electronic parts in vehicles. Technologies and features such as ADAS, 3D mapping, augmented reality have boosted the demand for semiconductors in the automotive industry. Furthermore, the growing demand for electric vehicles (EVs) is expected to create opportunities for the global Automotive Semiconductors Market players

Automotive Semiconductors Market Competitive Landscape

The global Automotive Semiconductors Market is highly fragmented and consists of many organized and unorganized industry players. manufacturers focus mainly on expansion of production capacities, continuous product launch, and collaborations with key stakeholders to gain a competitive advantage over other players. Key players include NXP Semiconductors, Renesas Electronics, Infineon Technologies, STMicroelectronics, Robert Bosch GmbH, Texas Instruments, ON Semiconductor, ROHM, Toshiba, and Analog Devices.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Semiconductor Market Research Report

Market Segmentation

Automotive Semiconductors Market By Component

• Processor: A car contains numerous processor which controls most of the functions in cars. In modern cars, the processors are used to control infotainment systems and dashboard displays. These processors are networked with each other to give feedback to the owner regarding fuel economy, an estimate of fuel remaining. Some luxury and high-end cars utilize the processor for the handling of engine timing, fuel delivery, and air intake to deliver maximum performance. The adoption of the processor is growing in modern cars, especially in hybrid and EV segments, automotive semiconductors being an important component for processors the rising demand for processors has created an ideal for automotive semiconductors market.


• Analog IC: Analog IC is the basic component in electronics devices. Analog IC is used in Amplifiers, power management circuits, and voltage regulators. Analog IC is also known as a microchip and is widely used in microcontrollers of vehicles. The use of analog IC has risen over the past decade as they can be used for a wide number of applications in a vehicle. The rising adoption of telematics and infotainment systems in cars has created a demand for analog IC. The rising use of analog IC in vehicles is further helping in the growth of automotive semiconductors market.


• Discrete Power Device: Discrete power devices are used in rectifiers which are a part of the vehicle ignition system. The power generated from the alternator is in AC current rectifier to convert the current into DC voltage. Additionally, discrete power devices are also used in Silicon carbide modules which are used in electric and hybrid vehicles for fast switching speeds and greater power density. Silicon carbide module helps to reduce power loss and extend the driving distance. Silicon carbide modules are used for onboard charging and EV powertrain. Automotive semiconductors are an essential component for discrete power devices. The increased use of discrete power devices in the EV and hybrid segment is creating demand for automotive semiconductors market.


• Sensor: Automotive semiconductors are used in Radar Sensors. Radar sensing is important for advanced driving and assistance system that is widely used in modern vehicle. These sensors are responsible for detection and monitoring. sensors are used for driver drowsiness detection, parking assist, surround view, automatic emergency braking, and pedestrian detection. To ensure maximum safety in a vehicle Manufacturers emphasize using these technologies in their vehicles. Nowadays, customers look for a vehicle that can assist the driver and have more advanced safety features, these have resulted in rising demand for sensors which has further increased the demand for automotive semiconductors market.


• Memory Device: Automotive semiconductors are essential components for memory devices such as Flash memory and DRAM. These memory devices are used for digital data storage and play a crucial role in infotainment, navigation, customization, and especially in accident collision and warning systems. The memory devices are also useful for ADAS’s advanced driver communication system. Nowadays the growth of the EV segment has further increased the demand for memory devices, as EVs offer additional electronic features. The adoption of memory devices in automotive is increasing day by day, the increased demand has created a lucrative marketplace for automotive semiconductors market. With the growth of EV and autonomous driving vehicles, the demand for memory devices is estimated to increase significantly in the coming years.


• Logic: Logic IC is also known as commodity IC is an essential component of electronics and electrical components in vehicles. Logic IC in automobiles is used for advanced driver assistance systems, automated driving, and electrification & networking. Logic IC is also used in semiconductor devices for field-programmable gate arrays (FPGA). In automobiles, FPGA is used for increased comfort, performance, and in-vehicle entertainment systems. As the automobile industry is moving towards fully autonomous and automated vehicles, the industry is highly dependent on advanced sensors and controllers to control vehicle perception. Logic IC provides real-time performance monitoring and therefore is widely used in EV and hybrid vehicles. The rapid advancement of the EV segment will help in increasing demand for automobile semiconductors in the forecasted period.

Automobile semiconductors Market By Application

• Powertrain: A powertrain is an essential component of a car as it pushes a vehicle forward. The powertrain creates power from the engine and then delivers it to the wheels. The major component of the powertrain includes the engine, driveshafts, transmission, and axes.


• Safety: Automobile semiconductors are essential for enhancing safety in a car. It enhances the functioning of blind-spot detection, backup cameras, lane change assists, adaptive cruise control, and energy braking control. The growth of high-performance cars has increased the demand for safety applications in modern vehicles.


• Body Electronics: In body electronics, automobile semiconductors are used to control power doors and windows, climate controls, seat controls, mirror, wiper control, alternator battery, auxiliary heating, power lift and trunk openings, centralized locking systems, starter and lightening, and diagnostics.


• Chassis: In chassis, automobile semiconductors are used for applications such as steering/EPS, brake/ABS, traction control, suspension, and chassis control. Nowadays, cars are equipped with electric power steering, eliminating traditional electrohydraulic systems. EPS also offers additional benefits such as higher efficiency and eliminates hydraulic components and belt-driven pumps, which simplifies the manufacturing and maintenance of a car.


• Telematics and Infotainment: The applications of vehicle telematics and infotainment systems are growing due to the increased demand from customers. These systems are continuously growing technologically to meet the expectations of increased safety and comfort. Infotainment functions include GPS navigation and Bluetooth phone operation.

Automotive Semiconductors Market By Vehicle Type

• Passenger Car: A passenger car is a multi-track vehicle that is specifically used for passenger transportation. Passenger cars take up a huge share of vehicles running on public roads. These include electric-powered vehicles, mini vans, sports utility vehicles, and light pickup trucks. The popularity of passenger cars is growing worldwide for personal use.


• Light Commercial Vehicle: LCV or light commercial vehicles are transport vehicles with a gross vehicle weight of more than 3.5 metric tons. The vehicles in this segment include pickup trucks and large vans. Light commercial vehicles are being used in many


• Heavy Commercial Vehicles: This vehicle class is particularly used by the trucking industry for the transportation of material and commodities such as steel and cement. The automobile semiconductors market in the heavy commercial vehicle segment is still growing.

Automotive Semiconductors Market By Vehicle Propulsion

• Electric Vehicle: Electric vehicles generate an enormous market for automobile semiconductors. Semiconductors are an essential component of electric vehicles. They determine the overall performance of an EV. On average, the number of automobile semiconductors used in an electric vehicle are twice as compared to a normal combustion engine vehicle.


• ICE Vehicle: ICE or internal combustion engine vehicles are more widely used vehicles across the world. ICE vehicles work on the principle of fuel combustion inside a chamber that powers the vehicle. The major advantages of ICE vehicles over EVs are that they can cover longer distances and are more powerful than fully electric vehicles.

Automotive Semiconductors Market By Region

• North America: The growth in the North America Automotive Semiconductors Market is mainly attributed to largest automotive manufacturing countries, such as the US, Mexico, and Canada. The US has some major vehicle manufacturing brands such as Ford Motor Company, Toyota Motor Corporation, General Motors, and Chevrolet Motor Company.


• Europe: Europe is one of the most important markets for automotive semiconductors industry. The region consists of major markets such as Germany, France, Italy, and the UK. These countries are known for their automotive industry and produce technologically advanced automotive.


• Asia-Pacific: The region consists of some of the largest car manufacturing countries, China, India, and Japan. It is witnessing strong demand for automotive semiconductors.


• Latin America: The region has seen a rise in FDI from other established foreign vehicles manufacturers over the recent years, and many new vehicle production facilities have opened in the region.


• Middle East & Africa: Increase sales of passenger cars in the region is fueling the growth of Automotive Semiconductors Market in the region.