Automotive Semiconductor Market Research Report - Global Forecast till 2030

Automotive Semiconductor Market Research Report: By Component (Processors, Sensors, Memory Devices, Integrated Circuits, Discrete Power Devices and Others), By Application (Chassis, Power Electronics, Safety, Body Electronics, Comfort/Entertainment Unit and Others), By Vehicle Type (Passenger Cars, LCV and HCV) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/AM/8964-HCR | March 2021 | Region: Global | 185 pages

Automotive Semiconductor Market Scenario


Automotive Semiconductor Market is projected to be worth USD 137.82 billion by 2028, registering a CAGR of 18.15% during the forecast period (2021 - 2028)., The market was valued at USD 51.25 billion in 2021.


Owing to rising demand for safety features designed to avoid collisions and accidents by offered technologies that alert the driver to potential problems and to avoid collisions by implementing safeguards and taking over control of the vehicle, ADAS (Advanced Driver Assistance Systems) sales are expected to flourish in the future. Semiconductors find their application in ADAS to enhance its functionality. Moreover, higher volumes of data are driving the adoption of 64-bit processors for automotive ADAS applications. The shift from a distributed architecture to a more centralized ECU is more prevalent. Since the ECUs are integrated, the ADAS SoCs (System on Chips) is becoming very complicated, thereby requiring the innovative semiconductor features and semiconductor process technologies.


Moreover, the growth in the automotive industry, coupled with the developing features in the luxury sector, has led to a rise in the number of sensors being integrated into the automobiles to provide more advanced services to the consumers and thus now the companies need to comply with the safety regulations even more as compared to earlier. The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. Increasing demand from customers for automatic control of operations and information regarding a vehicle's status has led to increased emphasis on maintaining safety. Similarly, government support for the utilization of alternative fuels has led to an increase in the demand for the automotive semiconductor market in the forecasted period.


Key Players


Key Players in the Global Automotive Semiconductor Market are NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V., Toshiba Corporation, Texas Instrument Inc., Robert Bosch GmbH, Micron Technology, ON Semiconductor Corporation, and Analog Devices Inc.


In April 2020, NXP Semiconductors announced the availability of a comprehensive Wi-Fi 6 portfolio, which significantly expands the number of products and markets able to adopt the latest Wi-Fi standards. NXP’s expanded Wi-Fi 6 portfolio represents the company’s new end-to-end vision and differentiated technology approach that is designed to help usher in an era of connectivity innovation for automotive, access, mobile and Industrial and IoT markets. Moreover, in March 2020, STMicroelectronics launched its first STM32L5 microcontroller with ultra-low power consumption and data security for IoT. The STM32L5 series MCU has a clock frequency of up to 110MHz and is based on the Arm Cortex-M33 32-bit RISC processor core with built-in Arm Trust Zone hardware security technology.


Market Segmentation


Global Automotive Semiconductor Market has been segmented By Component, Application, Vehicle Type, and Region. Based on Component, the global Automotive Semiconductor market can be bifurcated into Processors, Sensors, Memory Devices, Integrated Circuits, Discrete Power Devices, and Others. The Integrated Circuits segment is anticipated to grow at a significant CAGR in the coming years. By Application, the Automotive Semiconductor market has been split into Chassis, Power Electronics, Safety, Body Electronics, Comfort/Entertainment Unit, and Others. The Power Electronics segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By Vehicle Type, the Automotive Semiconductor market has been split into passenger cars, LCV, and HCV. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years.
Automotive Semiconductor Market


Global Automotive Semiconductor Market is expected to witness moderate growth during the forecast period owing to the rising demand for safety features and rise in the number of sensors being integrated into the automobiles. These factors are expected to drive the demand for Automotive Semiconductor in the coming years.


Based on region, the global Automotive Semiconductor market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Faster GDP growth and the highly aspirational Asian consumers have been the two main growth drivers for most of the emerging markets, including China, India, Malaysia, and the other developing markets in Southeast Asia. In China, for example, a rising middle class is expected to continue driving the steady growth of the Chinese auto market, with the market for new purchases and replacement of vehicles increasing. These factors are spurring the demand for automobiles in the region, consequently driving the market for automotive semiconductors.​


Due to trade war among the USA and China, the US government is planning to increase tariffs up to 25% on vehicles and car parts imported from China. China is the second biggest exporter of components to the United States, after Mexico. The United States is one of the largest auto markets in the world, and such tariffs will likely affect the automotive sector. As per the World Trade Organization, the conflict between these countries will directly affect 3% of the global trade and 8% of the automotive industry. Such situations are expected to have an impact on the automotive semiconductor market in the region.  


Semiconductors enable most of the innovations in automotive development as the modern car contains features like cell phone integration, heads-up displays, autonomous driving aids, comfort, and performance which needs the aid of the semiconductor. As cars become even more complex, demand for automotive semiconductors will increase progressively and provide a powerful long-term growth engine for the automotive sector.  


Automotive semiconductor ICs with different functionalities are used in various automotive products, like navigation control, infotainment systems, and collision detection systems. The electrification and automation of automobiles have led to increased demand in semiconductor wafers. The continuous innovations in the field of semiconductors for wide variety of applications in passenger cars, lightweight commercial vehicle (LCV), heavyweight commercial vehicle (HCV) is attracting several automakers globally, which is paving the path for automotive semiconductors market in the current scenario.


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Automotive Semiconductor Market

  • Raw Material Suppliers

  • Software, Services, and Technology Providers

  • Component & Device Suppliers and Distributors

  • Automotive Semiconductor manufacturers

  • Independent and authorized dealers of Automotive Semiconductor

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 137.82 billion
  • 2030 : Significant value
  •   CAGR   18.15% CAGR (2022 to 2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Component, Application, Vehicle Type, Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V., Toshiba Corporation, Texas Instrument Inc., Robert Bosch GmbH, Micron Technology, ON Semiconductor Corporation, and Analog Devices Inc
      Key Market Opportunities

  • Government support for the utilization of alternative fuels
  • Faster GDP growth and the highly aspirational Asian consumers
  •   Key Market Drivers

  • The electrification and automation of automobiles
  • Increasing demand from customers for automatic control of operations
  • Rising demand for safety features
  • Rise in the number of sensors


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    Frequently Asked Questions (FAQ) :


    Automotive Semiconductor market is predicted to grow at 18.15% through forecast period of 2021-2028.

    The forecast period for Automotive Semiconductor market research report is 2020-2027.

    Global Automotive Semiconductor Market is dominated by Asia Pacific region.

    Automotive Semiconductor Market is expected to witness moderate growth during the forecast period owing to the rising demand for safety features and rise in the number of sensors being integrated into the automobiles.