Report Feature
Automotive Semiconductor Market Trends and Forecast
The future of the global automotive semiconductor market looks promising with opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications. The global automotive semiconductor market is expected to reach an estimated $81.5 billion by 2028 with a CAGR of 9.4% from 2023 to 2028. The major drivers for this market are growing trend of vehicle electrification, rising demand for advanced safety, convenience, and comfort systems, and increasing installation of ADAS (advanced driver assistance system).
- Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
- Powertrain is the highest growing segment due to efficient operation of electric components and battery management systems.
- APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
APAC is expected to remain the largest region
- United States: Companies like Intel and Qualcomm are leading initiatives in automotive semiconductors, with Intel announcing advancements in autonomous vehicle processors. US government aims to strengthen domestic semiconductor manufacturing under the CHIPS Act.
- Germany: German firms like Infineon Technologies and Bosch are investing in automotive semiconductor technologies, with Infineon introducing new chips for electric vehicles. German government supports semiconductor research and development through initiatives like the Federal Ministry for Economic Affairs and Energy (BMWi).
- Japan: Japanese companies like Renesas Electronics and NXP Semiconductors are driving innovations in automotive semiconductors, with Renesas announcing advancements in vehicle safety chips. Japanese government promotes semiconductor technology development through initiatives like the Japan Revitalization Strategy.
- South Korea: Korean firms like Samsung Electronics and SK Hynix are expanding their presence in the automotive semiconductor market, with Samsung Electronics unveiling new semiconductor solutions for connected cars. South Korean government supports semiconductor industry growth through initiatives like the Korean New Deal.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Automotive Semiconductor Market by Segment
The study includes trends and forecast for the global automotive semiconductor market by component type, vehicle type, application, engine type, and region, as follows:
Automotive Semiconductor Market by Component Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Microcontrollers
- Integrated Circuits
- Sensors
- Discrete Power
- Others
Automotive Semiconductor Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUVs & Crossovers
- MPVs
- Pickups
- HCVs
- Electric Vehicles
- Others
Automotive Semiconductor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Powertrain
- Chassis
- Safety
- Networking/Communication
- Body Electronics
- Driver Information Systems
Automotive Semiconductor Market by Engine Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- ICE Vehicles
- Electric Vehicles
Automotive Semiconductor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Semiconductor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive semiconductor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive semiconductor companies profiled in this report include.
- NXP Semiconductor
- Renesas Electronics
- ST Microelectronics
- Infineon Technologies
- Texas Instruments
- Robert Bosch
- On Semiconductor
- Micron Technology
- TOSHIBA
- Panasonic Semiconductor
Automotive Semiconductor Market Insights
- Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
- Powertrain is the highest growing segment due to efficient operation of electric components and battery management systems.
- APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
Features of the Automotive Semiconductor Market
- Market Size Estimates: Automotive semiconductor market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Automotive semiconductor market size by various segments, such as by component type, vehicle type, application, engine type, and region
- Regional Analysis: Automotive semiconductor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different component types, vehicle types, applications, engine types, and regions for the automotive semiconductor market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive semiconductor market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive semiconductor market size?
Answer: The global automotive semiconductor market is expected to reach an estimated $81.5 billion by 2028.
Q2. What is the growth forecast for automotive semiconductor market?
Answer: The global automotive semiconductor market is expected to grow with a CAGR of 9.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive semiconductor market?
Answer: The major drivers for this market are growing trend of vehicle electrification, rising demand for advanced safety, convenience, and comfort systems, and increasing installation of ADAS (advanced driver assistance system).
Q4. What are the major segments for automotive semiconductor market?
Answer: The future of the automotive semiconductor market looks promising with opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications.
Q5. Who are the key automotive semiconductor companies?
Answer: Some of the key automotive semiconductor companies are as follows:
Answer: The global automotive semiconductor market is expected to reach an estimated $81.5 billion by 2028.
Q2. What is the growth forecast for automotive semiconductor market?
Answer: The global automotive semiconductor market is expected to grow with a CAGR of 9.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive semiconductor market?
Answer: The major drivers for this market are growing trend of vehicle electrification, rising demand for advanced safety, convenience, and comfort systems, and increasing installation of ADAS (advanced driver assistance system).
Q4. What are the major segments for automotive semiconductor market?
Answer: The future of the automotive semiconductor market looks promising with opportunities in powertrain, chassis, safety, networking/communication, body electronics, and driver information system applications.
Q5. Who are the key automotive semiconductor companies?
Answer: Some of the key automotive semiconductor companies are as follows:
- NXP Semiconductor
- Renesas Electronics
- ST Microelectronics
- Infineon Technologies
- Texas Instruments
- Robert Bosch
- On Semiconductor
- Micron Technology
- TOSHIBA
- Panasonic Semiconductor
Q6. Which automotive semiconductor segment will be the largest in future?
Answer: Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
Q7. In automotive semiconductor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that integrated circuits will remain the largest component type segment over the forecast period due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production.
Q7. In automotive semiconductor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region during the forecast period due to increasing penetration of electric vehicles in China and supportive government initiatives to boost semiconductor manufacturing.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
