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The global automotive semiconductor market was valued at USD 64.58 Billion in 2022 and grew at a CAGR of 18.26% from 2023 to 2032. The market is expected to reach USD 345.54 Billion by 2032. The growth of the automotive semiconductor market can be attributed to the rise in demand for electric and hybrid vehicles.
Most vehicle development breakthroughs are made through advanced semiconductors, which are responsible for the stimulus for economic consumers and growing demand. The new edge electric automobile has head-up displays, automated driving comfort, assistance, and performance. The demand for automotive semiconductors tends to increase as vehicles become more complex progressively. Almost all major automakers are creating electronic vehicles responsible for sophisticated electronics to increase the vehicle's range, control rapid charging, etc. This has led to high demand for semiconductors in automotive applications.
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Enables functioning of automotive components: There are different semiconductors which are used in automotive applications, such as ignition systems, security systems, speed controls, alignment controls, tachometer pickups, mechanical limit switches, position detectors, rotary encoders, etc. The modern semiconductors used in the automotive industry are highly complex and are required to fulfil the increasing demand for electric vehicles. Automotive semiconductors can be used to safeguard anything in a utility substation. In the automotive business, the uses of automotive semiconductors are known for their cost-effective performance improvement. As a result of their connection with mobile devices, electric vehicles today are essentially big Internet of Things (IoT) devices. Sensors make Full autonomy in vehicles possible, which calls for cutting-edge technology and processing.
Fluctuating cost: The fluctuation in the price of components used for manufacturing automotive semiconductors impacts the industry. The impact on operations could lead to fluctuation in production and the market's profit margin. The gap in demand and supply is responsible for the fluctuation in the cost of components. Thus the fluctuation in the price of components is a restraint for the market.
Growth of the electrical and automobile industry: The automotive semiconductor market is operating globally via the key regions: North America, South America, Asia Pacific, Europe and the Middle East and Africa. Among the regions, Asia-Pacific, followed by North America and Europe, will gain tremendous market share due to the expansion of the electric automobile industry. This can be attributed to increased urbanization and rising per-capita income. The consumers of the mentioned regions are getting increasingly investing in electric vehicles. The growing per capita income of the people in developed and developing countries has led to a change in the lifestyle of the people. They prefer products that enhance their work and living standards. This trend has led to a growing demand for personal vehicles. With the increased demand for personal vehicles, companies are expanding their portfolio and providing advanced devices. The automotive semiconductor has recently been paired with complicated components to enable a reduction in voltage fluctuation, which is ideal for today's ever-smaller power electronics. Smaller package sizes have been popular for years. Still, they are becoming much more widespread due to mass production and comprehensive band-gap technologies designed for the power electronics sector. This factor is leading to higher demand for the automotive semiconductor market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most significant Automotive Semiconductor market, with a 37.21% market revenue share in 2022.
Asia Pacific region will account for the largest market share with revenue growth. Nations such as Japan, China, India and South Korea are the key manufacturing base for producing automotive semiconductors. The high investment in research and development of power electronics will lead to a substantial growth rate in the market. Further, increasing per capita income is leading to growth in demand for electric and hybrid vehicles in the region.
Asia Pacific region Automotive Semiconductor Market Share in 2022 - 37.21%
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The vehicle type segment is divided into passenger cars, heavy commercial vehicles (HCV) and light commercial vehicles (LCV). The passenger car segment dominated the market, with a share of around 49.21% in 2022. The use of semiconductors in personal vehicles has increased in the recent decade due to advanced automation technologies development. It helps to constantly monitor the body movement of vehicles. Passenger car manufacturers are deploying advanced semiconductors due to the increased demand from high-income consumers.
The component segment is divided into an analogue IC, processor, discrete power device, memory device, sensor and lighting devices. The processor segment dominated the market, with a share of around 31.83% in 2022. Processors are vital in the manufacturing of electric and hybrid vehicles. The processors are used in navigation systems and safety analytics of vehicles.
The application segment is divided into safety, powertrain, body electronics, telematics and infotainment, and chassis. The safety segment dominated the market, with a share of around 34.22% in 2022. Manufacturers are equipping vehicles with safety electronics that help the driver maintain lane discipline, check for obstacles when reversing, and eventually give full autonomy when the driver is not required to operate the vehicle.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 64.58 Billion |
| Market size value in 2032 | USD 345.54 Billion |
| CAGR (2023 to 2032) | 18.26% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Vehicle Type, Component and Application |
As per The Brainy Insights, the size of the automotive semiconductor market was valued 64.58 billion in 2022 to USD 345.54 Billion by 2032.
Global automotive semiconductor market is growing at a CAGR of 18.26% during the forecast period 2023-2032.
Asia Pacific region emerged as the largest market for the automotive semiconductor.
The market's growth will be influenced by the high usage of automotive semiconductor.
The fluctuating cost can hamper the market growth.
The increasing investment in automotive industry is providing huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Vehicle Type
4.3.2. Market Attractiveness Analysis By Components
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing usage of automotive semiconductor
5.3. Restraints
5.3.1. Fluctuating cost of components
5.4. Opportunities
5.4.1. Increasing growth of electric vehicles
5.5. Challenges
5.5.1. Cyber security risks
6. Global Automotive Semiconductor Market Analysis and Forecast, By Vehicle Type
6.1. Segment Overview
6.2. Passenger Car
6.3. Heavy Commercial Vehicle (HCV)
6.4. Light Commercial Vehicle (LCV)
7. Global Automotive Semiconductor Market Analysis and Forecast, By Components
7.1. Segment Overview
7.2. Analog IC
7.3. Processor
7.4. Discrete Power Device
7.5. Memory Device
7.6. Sensor
7.7. Lighting Device
8. Global Automotive Semiconductor Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Safety
8.3. Powertrain
8.4. Body Electronics
8.5. Telematics and Infotainment
8.6. Chassis
9. Global Automotive Semiconductor Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Automotive Semiconductor Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Automotive Semiconductor Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Analog Devices Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Entegris
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. GEO Semiconductor, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Indie Semiconductor
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Infineon Technologies AG
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Intel Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Lattice Semiconductor
1.1.1. Business Overview
1.1.2. Company Snapshot
1.1.3. Company Market Share Analysis
1.1.4. Company Product Portfolio
1.1.5. Recent Developments
1.1.6. SWOT Analysis
11.8. Microchip Technology Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. NVidia Corporation
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. ON Semiconductor Corp.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Renesas Electronics Corp.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Robert Bosch GmbH
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. ROHM Co., Ltd.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Sanmina
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Semtech
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. STMicroelectronics N.V.
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Texas Instruments, Inc.
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Toshiba Corp
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Wafer Space
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
List of Table
1. Global Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
2. Global Passenger Cars, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
3. Global Heavy Commercial Vehicle (HCV), Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
4. Global Light Commercial Vehicle (LCV), Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
5. Global Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
6. Global Analog IC, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
7. Global Processor, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
8. Global Discrete Power Device, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
9. Global Memory Device, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
10. Global Sensor, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
11. Global Lighting Device, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
12. Global Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
13. Global Safety, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
14. Global Powertrain, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
15. Global Body Electronics, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
16. Global Telematics and Infotainment, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
17. Global Chassis, Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
18. Global Automotive Semiconductor Market, By Region, 2019-2032 (USD Billion)
19. North America Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
20. North America Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
21. North America Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
22. U.S. Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
23. U.S. Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
24. U.S. Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
25. Canada Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
26. Canada Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
27. Canada Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
28. Mexico Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
29. Mexico Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
30. Mexico Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
31. Europe Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
32. Europe Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
33. Europe Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
34. Germany Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
35. Germany Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
36. Germany Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
37. France Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
38. France Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
39. France Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
40. U.K. Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
41. U.K. Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
42. U.K. Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
43. Italy Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
44. Italy Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
45. Italy Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
46. Spain Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
47. Spain Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
48. Spain Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
49. Asia Pacific Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
50. Asia Pacific Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
51. Asia Pacific Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
52. Japan Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
53. Japan Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
54. Japan Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
55. China Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
56. China Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
57. China Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
58. India Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
59. India Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
60. India Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
61. South America Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
62. South America Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
63. South America Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
64. Brazil Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
65. Brazil Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
66. Brazil Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
67. Middle East and Africa Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
68. Middle East and Africa Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
69. Middle East and Africa Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
70. UAE Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
71. UAE Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
72. UAE Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
73. South Africa Automotive Semiconductor Market, By Vehicle Type, 2019-2032 (USD Billion)
74. South Africa Automotive Semiconductor Market, By Components, 2019-2032 (USD Billion)
75. South Africa Automotive Semiconductor Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Automotive Semiconductor Market Segmentation
2. Automotive Semiconductor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Semiconductor Market Attractiveness Analysis By Vehicle Type
9. Global Automotive Semiconductor Market Attractiveness Analysis By Components
10. Global Automotive Semiconductor Market Attractiveness Analysis By Application
11. Global Automotive Semiconductor Market Attractiveness Analysis By Region
12. Global Automotive Semiconductor Market: Dynamics
13. Global Automotive Semiconductor Market Share By Vehicle Type (2022 & 2032)
14. Global Automotive Semiconductor Market Share by Components (2022 & 2032)
15. Global Automotive Semiconductor Market Share by Application (2022 & 2032)
16. Global Automotive Semiconductor Market Share by Regions (2022 & 2032)
17. Global Automotive Semiconductor Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2023 to 2032. The Brainy Insights has segmented the global automotive semiconductor market based on below-mentioned segments:
Global Automotive Semiconductor Market by Type:
Global Automotive Semiconductor Market by Component:
Global Automotive Semiconductor Market by application:
Global Automotive Semiconductor Market by Region:
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