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  • Automotive Semiconductor Market registering a CAGR of 11.8% from 2021 to 2030
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Automotive Semiconductor Market registering a CAGR of 11.8% from 2021 to 2030

By Shonda J. Moreno 1 year ago

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The global automotive semiconductor market was valued at $37.99 billion in 2020, and is projected to reach $113.94 billion by 2030, registering a CAGR of 11.8% from 2021 to 2030.

Semiconductors are special type of electronic components that possess the property to transfer electricity through them under certain conditions. Semiconductors are used in vehicles to ensure that the associated component operates efficiently in all conditions. Semiconductors used in automobiles are made of silicon and germanium as the basic components that are essential for better working of automotive electronics. Semiconductors installed in vehicles helps in controlling numerous operations such as controlling the air conditioner system of the vehicle as well as ensuring the safety of the vehicle. Moreover, the advancement in vehicle based technology such as introduction of advanced driver assistance system (ADAS), telematics & infotainment followed by the increased inclination toward adoption of electric vehicles supplements the growth of the automotive semiconductor market across the globe.

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Major Market Players:

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

Factors such as rapid developments in the automotive industry, rise in demand for safety features in automobiles and intervention of innovative technologies for advanced user interface (UI) drives the growth of the market across the globe. In addition, factors such as operational failures in extreme climatic conditions and high initial cost & complex structure, act as a barrier for the growth of the market across the globe. However, the factors such as rise in demand for electric & hybrid vehicles and increase in technological advancement & innovation in ADAS creates ample opportunities for the growth of the market during the forecast period.

The global automotive semiconductor market has been segmented on the basis of component, vehicle type, propulsion type, application and region. Based on the component, the global market has been segmented into processor, analog IC, discrete power, sensor and memory. Based on vehicle type, the global automotive semiconductor market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicle. Based on propulsion type, the global automotive semiconductor market has been segmented into internal combustion engine and electric. Based on application, the global automotive semiconductor market has been segmented into powertrain, safety, body electronics, chassis, telematics & infotainment and others. By region, the global market has been studied across North America, Europe, Asia-Pacific and LAMEA. 

Key Market Segments

  • Processor
  • Analog IC
  • Discrete Power
  • Sensor
  • Memory
  • Others
  • By Vehicle Type
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • By Propulsion Type
  • Internal combustion engine
  • Electric
  • By Application
  • Powertrain
  • Safety
  • Body Electronics
  • Chassis
  • Telematics & Infotainment

The demand for safety features, such as parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is experiencing an upward trend owing to increase in number of road accidents worldwide. Automotive semiconductors are a major component used in numerous advance driver assistance systems (ADAS) technologies, which helps ADAS systems perform efficiently and can detect and classify objects on the path of vehicle, and accordingly alert the driver about the nearby surroundings and road conditions. In addition, these systems can also automatically decelerate or stop the vehicle depending on the road conditions based on the calculations made through semiconductors & associated components. Road accidents are a major cause of death globally and tremendous increase in the death rates due to road accidents has been observed in the last few years. For instance, according to World Health Organization’s report published in 2021, nearly 1.3 million people die in road traffic crashes each year. Moreover, road traffic injuries leading to death are higher among teenagers. These factors are leading to surge in demand for safety features in vehicles. Companies operating in the automobile sector are developing and introducing the safety features to meet the needs of the customers. For instance, in February 2020, HELLA (company that manufacturers cutting-edge lighting and electronics components) announced the production plan for the latest 77 GHz radar technology.

The major restraint of the automotive semiconductor market is its operational failures in extreme climatic conditions such as extreme cold and extreme heat. In the presence of extreme heat, semiconductor tend to melt down or break, the resistance increases, and it makes the signal too weak, which is why failures occur. Whereas, when it is moved to an optimal temperature, resistance is reduced, and it gets stable. Furthermore, extreme cold is also not favorable for semiconductor, as they stop performing. Its minimum operational temperature on an average is -25°C and maximum is +150°C. Therefore, countries such as Russia and Canada, prefer fewer semiconductor. This makes consumer’s shift toward use of alternate electronic components such as microcontrollers, ICs and others, thereby affecting the growth of the automotive semiconductor market.

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Covid-19 Impact Analysis

  • COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge.
  • Lockdown measures have helped contain the spread of coronavirus, but exacted an immense economic toll.
  • Rapid spread of the disease has led to a significant impact on the global transportation industry, with a downturn in need for using public transports.
  • Moreover, countries, such as China, Norway, the Netherlands, and others, which were the leaders in automobile industry and have registered a decrease in vehicle sales during the pandemic.
  • Industry experts believe that post the pandemic, the demand for personal mobility will increased owing to the need to avoid public transportation and avoiding human interaction.
  • By the end of 2020, the situation was under control in some countries, due to which the demand & supply gap was fulfilled and there was significant growth in the product development, which have a wider application in developed vehicles.

Contact Info:

Name: David Correa

Email: Send Email

Organization: Allied Market Research

Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States

Phone: 1-800-792-5285

Website: https://www.alliedmarketresearch.com/

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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