Automotive Semiconductor Market Size, Share, Trends 2030

The global automotive semiconductor market registers momentous growth as e-mobility, and automotive safety take the enter stage. The report intends to uncover the growth curve anticipated for the market.

Market Analysis in Brief

The automotive industry has been incessantly endeavouring to minimize its detrimental impact on the environment. With this objective, the industry has been unremittingly striving to sculpt mobility as a sustainable solution. As a result, auto manufacturers have been indulged in extensive integration of electronic components in vehicles, a move that has augmented electrifying powertrain to mitigate carbon footprint. The semiconductors have earned a significant position in the automotive industry, which in turn is pushing the growth of in automotive semiconductor market.

Key Report Findings

The automotive semiconductor market size was nearly US$50 Bn in 2021
The market revenue is poised for a high, double-digit rate through the end of this decade
Global e-mobility drive will bode well for market expansion
Rise in safety mandates and ground-breaking vehicle safety features will propel market revenue
Major Asian markets retain dominance

Growth Drivers

Growing Vehicle Electrification

Distinct features such as connected devices, autonomous driving, shared mobility, and electrification of powertrains are likely to fuel significant development in the automotive industry. Together, these advancements are not only disrupting the value chain but also impacting the key players of the automotive ecosystem.

The developments that are unfolding on technological fronts are raising the demand for electronic gadgets, which, in turn, is fuelling the semiconductor demand. This is driving the progression of the automotive semiconductor market. The increasing electronic content in vehicles is likely to outpace the automotive industry's growth rate itself. This is likely to propel the demand for system on chips (SoC), preferably, semiconductors in the years to come.

Dawn of e-Mobility, Coupled with Noticeable Headways in Vehicle Safety and Comfort Technologies

Intensifying vehicle electrification coupled with burgeoning end use of electronic content in the new age vehicles, and connectivity are some of the aspects pegging faster growth of automotive semiconductor market. Regulations like the Clean Air Act, CAFÉ, while the Euro 6, BS 6 emission norms deployed are expected to aid the transition from internal combustion vehicles to electric vehicles.

Intensifying vehicle electrification coupled with the burgeoning end use of electronic content in the new age vehicles, and connectivity are some of the aspects pegging faster growth of the automotive semiconductor market. Regulations like the Clean Air Act, corporate average fuel economy (CAFE), while the Euro 6, BS 6 emission norms deployed are expected to aid the transition from internal combustion vehicles to electric vehicles.

Government initiatives, and supportive schemes promoting electric vehicles, coupled with headways in fuel-saving technologies, involving semiconductor integration in such systems are expected to provide the necessary thrust for market growth. The rising drift of vehicle electrification is the primary factor bolstering the automotive semiconductor market growth.

Stringent environmental legislations against mounting pollution levels are likely to compel automakers to build electrically accentuated drivetrains. Integration of semiconductors in such drivetrains would extenuate emissions from the engines and exhaust treatment systems. As a result, the rising deployment of electrically actuated systems in the vehicle would generate ample opportunities for the automotive semiconductor market.

Rising accidents and fatalities owing to mounting vehicle density have raised concerns among the population worldwide. As a result, there has been a steady rise in the demand for safer vehicles. On account of this, advanced driver assistance systems (ADAS) have been gaining momentum over the last couple of years.

ADAS penetration in vehicles has been growing nearly by 12-14% over the recent past. Increased integration of safety features like ADAS in vehicles has boosted the demand for semiconductors. Semiconductors in the vehicles are turning out to be focal elements for automakers that entail them in providing sophisticated safety and comfort electronic systems. These systems aid automakers to differentiate their vehicles, thereby augmenting vehicle safety, efficiency, and performance.

Overview of Key Segments

Micro-components in ICE Vehicles, and EVs to Dominate

In the last decade, automakers have heavily invested in research and development of cutting-edge technology to boost vehicle electrification. Demand surge in driver assist features is likely to ensure more semiconductors in the micro-components of passenger vehicles. Micro-components with built-in chips commonly known as ASIC are embedded for tailored end uses, for e.g., deploying airbags.

Rise in safety mandates and ground-breaking vehicle safety features is anticipated to drive the automotive semiconductor market in modern vehicles sector.

Integration of the hybrid and electric drivetrains are likely to bring about the incorporation of electronic circuits in the foreseeable future. Both the hybrid and pure electric vehicles are embedded with significantly expensive semiconductors, which drives the automotive semiconductor market in EV segment. The shift to alternative propulsion is likely to continue in the foreseeable future.

Hike in the average semiconductor value has been one of the major impacts the COVID-19 has posed.

Growth Opportunities Across Regions

Asian Countries Spearhead

Asian countries, especially fast-developing nations like Japan, China, and Korea are spearheading the market. Mounting electric vehicle production in Asian countries has been propelling semiconductor demand. Steady demand emanating from the bulging middle class in the region is likely to drive the auto market growth. The rising electronic content in the vehicles and higher vehicle production is attributing to heightening growth of the automotive semiconductor market.

Government policies, promoting electric vehicles (EV) globally, are likely to form opportunistic grounds for the semiconductor industry. Tax benefits and subsidies in China, and India shall aid the rising EV demand.

The US-China trade war has led to fluctuations in the tariff rates. This escalated auto components prices imported from China by nearly 25%. The trade war is likely to create a negative impact on the automotive industry affecting trade by nearly 8-9%.

Stringent vehicle safety policies in the European countries coupled with apt infrastructure are characterizing the ADAS market growth. This is providing the necessary thrust for the automotive semiconductor market to proliferate.

Key Industry Players

Intel Corporation, ASE Technology Holding Co. Ltd. (ASX), NXP Semiconductors, Samsung Semiconductors, NVIDIA Corporation, Broadcom Inc. (AVGO), Texas Instruments Inc. (TXN), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), Analog Devices Inc., Toshiba Corporation, Infineon Technologies AG, Renesas Electronics Corporation, Robert Bosch GmbH, Qualcomm Inc. (QCOM), and Micron Technology Inc. (MU) are some of the major manufacturers that are steering the automotive semiconductor market. Primary research findings suggest strategic agreements will prevail between semiconductor manufacturers, and automotive OEMs.

Notable Developments

ON Semiconductor was chosen by Mercedes EQ Formula E Team to build next-gen electric power for augmenting performance and efficiency. Another automotive titan, BMW AG united with semiconductor company Intel Corporation back in 2017, with an aim to deliver its newly built autonomous car BMW iNEXT
In January 2018, Audi AG amalgamated with ON Semiconductor, to nurture the latter’s innovations and incorporate its semiconductors in the former’s newer models, catering to relentlessly changing demands of the consumers

Regional Classification of the Global Automotive Semiconductor Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Automotive Semiconductor Market

Automotive Semiconductor Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value, 2019 - 2022
Market Value at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Automotive Semiconductor Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
  2.8.1. Global Automotive Industry - Market Overview
  2.8.2. Global Semiconductor Outlook
  2.8.3. Global ICT Spending Outlook
2.9. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Component
4.4. By Region

5. Global Automotive Semiconductor Market Outlook, 2019 - 2030
5.1. Global Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Micro component
  5.1.1.2. Memory
  5.1.1.3. Logic
  5.1.1.4. Sensors and Actuators
  5.1.1.5. Analog IC
  5.1.1.6. Discrete
  5.1.1.7. Optical Semiconductor
5.2. Global Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. ICE
5.2.1.1.1. Passenger
5.2.1.1.2. Light Commercial
5.2.1.1.3. Medium & Heavy Commercial
  5.2.1.2. Electric Vehicles
5.2.1.2.1. BEV
5.2.1.2.2. PHEV/HEV
5.3. Global Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. Infotainment & Telematics
  5.3.1.2. Powertrain
  5.3.1.3. ADAS
  5.3.1.4. Body & Convenience
  5.3.1.5. Chassis & Safety
  5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Automotive Semiconductor Market Outlook, by Region, Volume (Units) and Value (US$ Mn), 2019 - 2030
  5.4.1. Key Highlights
  5.4.1.1. North America
  5.4.1.2. Europe
  5.4.1.3. Asia Pacific
  5.4.1.4. Latin America
  5.4.1.5. Middle East & Africa
  5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Automotive Semiconductor Market Outlook, 2019 - 2030
6.1. North America Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Micro component
  6.1.1.2. Memory
  6.1.1.3. Logic
  6.1.1.4. Sensors and Actuators
  6.1.1.5. Analog IC
  6.1.1.6. Discrete
  6.1.1.7. Optical Semiconductor
6.2. North America Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. ICE
6.2.1.1.1. Passenger
6.2.1.1.2. Light Commercial
6.2.1.1.3. Medium & Heavy Commercial
  6.2.1.2. Electric Vehicles
6.2.1.2.1. BEV
6.2.1.2.2. PHEV/HEV
6.3. North America Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Infotainment & Telematics
  6.3.1.2. Powertrain
  6.3.1.3. ADAS
  6.3.1.4. Body & Convenience
  6.3.1.5. Chassis & Safety
6.4. North America Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
  6.4.1. Key Highlights
  6.4.1.1. U.S.
  6.4.1.2. Canada
  6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive Semiconductor Market Outlook, 2019 - 2030
7.1. Europe Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Micro component
  7.1.1.2. Memory
  7.1.1.3. Logic
  7.1.1.4. Sensors and Actuators
  7.1.1.5. Analog IC
  7.1.1.6. Discrete
  7.1.1.7. Optical Semiconductor
7.2. Europe Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. ICE
7.2.1.1.1. Passenger
7.2.1.1.2. Light Commercial
7.2.1.1.3. Medium & Heavy Commercial
  7.2.1.2. Electric Vehicles
7.2.1.2.1. BEV
7.2.1.2.2. PHEV/HEV
7.3. Europe Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Infotainment & Telematics
  7.3.1.2. Powertrain
  7.3.1.3. ADAS
  7.3.1.4. Body & Convenience
  7.3.1.5. Chassis & Safety
7.4. Europe Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
  7.4.1. Key Highlights
  7.4.1.1. Germany
  7.4.1.2. France
  7.4.1.3. U.K.
  7.4.1.4. Italy
  7.4.1.5. Spain
  7.4.1.6. Turkey
  7.4.1.7. Russia
  7.4.1.8. Rest of Europe
  7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive Semiconductor Market Outlook, 2019 - 2030
8.1. Asia Pacific Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Micro component
  8.1.1.2. Memory
  8.1.1.3. Logic
  8.1.1.4. Sensors and Actuators
  8.1.1.5. Analog IC
  8.1.1.6. Discrete
  8.1.1.7. Optical Semiconductor
8.2. Asia Pacific Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. ICE
8.2.1.1.1. Passenger
8.2.1.1.2. Light Commercial
8.2.1.1.3. Medium & Heavy Commercial
  8.2.1.2. Electric Vehicles
8.2.1.2.1. BEV
8.2.1.2.2. PHEV/HEV
8.3. Asia Pacific Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Infotainment & Telematics
  8.3.1.2. Powertrain
  8.3.1.3. ADAS
  8.3.1.4. Body & Convenience
  8.3.1.5. Chassis & Safety
8.4. Asia Pacific Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
  8.4.1. Key Highlights
  8.4.1.1. China
  8.4.1.2. Japan
  8.4.1.3. South Korea
  8.4.1.4. India
  8.4.1.5. Southeast Asia
  8.4.1.6. Rest of Asia Pacific
  8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive Semiconductor Market Outlook, 2019 - 2030
9.1. Latin America Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Micro component
  9.1.1.2. Memory
  9.1.1.3. Logic
  9.1.1.4. Sensors and Actuators
  9.1.1.5. Analog IC
  9.1.1.6. Discrete
  9.1.1.7. Optical Semiconductor
9.2. Latin America Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. ICE
9.2.1.1.1. Passenger
9.2.1.1.2. Light Commercial
9.2.1.1.3. Medium & Heavy Commercial
  9.2.1.2. Electric Vehicles
9.2.1.2.1. BEV
9.2.1.2.2. PHEV/HEV
9.3. Latin America Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Infotainment & Telematics
  9.3.1.2. Powertrain
  9.3.1.3. ADAS
  9.3.1.4. Body & Convenience
  9.3.1.5. Chassis & Safety
9.4. Latin America Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
  9.4.1. Key Highlights
  9.4.1.1. Brazil
  9.4.1.2. Mexico
  9.4.1.3. Rest of Latin America
  9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive Semiconductor Market Outlook, 2019 - 2030
10.1. Middle East & Africa Automotive Semiconductor Market Outlook, by Component, Volume (Units) and Value (US$ Mn), 2019 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Micro component
  10.1.1.2. Memory
  10.1.1.3. Logic
  10.1.1.4. Sensors and Actuators
  10.1.1.5. Analog IC
  10.1.1.6. Discrete
  10.1.1.7. Optical Semiconductor
10.2. Middle East & Africa Automotive Semiconductor Market Outlook, by Vehicle Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  10.2.1. Key Highlights
  10.2.1.1. ICE
10.2.1.1.1. Passenger
10.2.1.1.2. Light Commercial
10.2.1.1.3. Medium & Heavy Commercial
  10.2.1.2. Electric Vehicles
10.2.1.2.1. BEV
10.2.1.2.2. PHEV/HEV
10.3. Middle East & Africa Automotive Semiconductor Market Outlook, by Application Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
  10.3.1. Key Highlights
  10.3.1.1. Infotainment & Telematics
  10.3.1.2. Powertrain
  10.3.1.3. ADAS
  10.3.1.4. Body & Convenience
  10.3.1.5. Chassis & Safety
10.4. Middle East & Africa Automotive Semiconductor Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
  10.4.1. Key Highlights
  10.4.1.1. GCC
  10.4.1.2. South Africa
  10.4.1.3. Rest of Middle East & Africa
  10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. AeroFarms
  11.3.1.1. Company Overview
  11.3.1.2. Product Portfolio
  11.3.1.3. Financial Overview
  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. BrightFarms, Inc.
  11.3.3. Plenty Unlimited Inc.
  11.3.4. Bowery Farming
  11.3.5. Gotham Greens
  11.3.6. Nordic Harvest
  11.3.7. Green Sense Farms Holdings, Inc.
  11.3.8. Jones Food Company
  11.3.9. Spread Co., Ltd.
  11.3.10. PlanTFarm Co., Ltd.
  11.3.11. Infarm GmbH
  11.3.12. Mirai Corporation

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

BASE YEAR		HISTORICAL DATA		FORECAST PERIOD		UNITS
	2022		2019 - 2022		2023 - 2030	Value: US$ Mn Volume: Units

REPORT FEATURES	DETAILS
Component Coverage	Micro component Memory Logic Sensors and Actuators Analog IC Discrete Optical Semiconductor
Vehicle Type Coverage	ICE Passenger Light Commercial Medium & Heavy Commercial Electric Vehicles BEV PHEV/HEV
Application Coverage	Infotainment & Telematics Powertrain ADAS Body & Convenience Chassis & Safety
Geographical Coverage	North America U.S. Canada Europe Germany France U.K. Italy Spain Turkey Russia Rest of Europe Asia Pacific China Japan South Korea India Southeast Asia Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa GCC South Africa Rest of Middle East & Africa
Leading Market Companies	Infineon Technologies STMicroelectronics Robert Bosch GmbH NXP Semiconductors N.V. Texas Instruments Semiconductor Components Industries, LLC (Onsemi) Renesas Electronics Corporation Murata Manufacturing Co., Ltd. Micron Technology, Inc. Toshiba Corporation ROHM Co., Ltd. Analog Devices Nvidia Corporation
Report Highlights	Market Estimates and Forecast, Market Dynamics, Industry Trends, Production Output, Trade Statistics, Competition Landscape, Component-, Vehicle -, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends

Automotive Semiconductor Market

Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2030)

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