The Global Automotive Semiconductor Market Size Was Valued At USD 53.06 Billion In 2021. The Market Is Projected To Grow From USD 59.22 Billion In 2023 To USD 103.85 Billion By 2029, Exhibiting A CAGR Of 8.4% During The Forecast Period. Global Automotive Semiconductor Market Reports give a Key study on the industry status of the Automotive Semiconductor Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The COVID-19 pandemic has been shocking and has never happened before. As a result, the demand for automotive semiconductors is lower than expected in all regions compared to before the pandemic. Our research shows that the global market was 8.7% smaller in 2020 than in 2019.
The increasing sales of hybrid electric and electric vehicles and the development of highly autonomous vehicles to make driving safer are two of the main things that are driving the growth of the automotive semiconductor market. The use of automotive semiconductors will also go up if cars have more electronics and are more digitally connected.
Also, the market is likely to grow because technology for automotive semiconductors is getting better and better quickly. Infineon Technologies, for example, released the AURIX TC4x family of 28 nm microcontrollers (MCUs) for eMobility, ADAS, automotive E/E architectures, and affordable Artificial Intelligence (AI) applications in January 2022. Also in October 2021, Infineon Technologies AG released the SLI37 automotive security controller. This is an easy-to-design and reliable trust anchor for securing safety-critical automotive applications like 5G-ready eUICC (eCall), V2X communication, car access, or SOTA updates.
Competitive Landscape and Global Market Share Analysis:
Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Toshiba Corporation (Japan), On Semiconductor Corporation (U.S.), ROHM Co., Ltd. (Japan), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), Denso Corporation (Japan), Others
Market Segmentation:
By Component:
- Processor
- Analog IC
- Discrete Power Device
- Sensor
- Memory Device
- Others
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Others
By Propulsion Type:
- ICE
- Electric
- Others
By Application:
- Powertrain
- Safety
- Body Electronics
- Chassis
- Telematics & Infotainment
- Others
The report on the Automotive Semiconductor market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
In 2021, Asia-Pacific had a market share of USD 21.5 billion, which made it the world’s biggest market. It might stay at the top of the market in the years to come. From 2022 to 2029, this area should also have the highest CAGR. Countries like China, India, and Japan have some of the fastest-growing auto industries, and their governments are also helping the semiconductor industry grow in the area. The high demand for electric cars in China has also helped the industry grow. Also, there are more commercial electric vehicles being bought in India, Japan, South Korea, and other places. In the near future, this could help the market grow. For example, the China Passenger Car Association says that the number of sales of electric passenger cars in China will grow by 169.1% in 2021, reaching about USD 2.99 million.
North America may have the fastest rate of growth after Asia-Pacific. Since more electric cars and trucks are being sold in the U.S., the market may grow. Also, more attention is being paid to the commercialization and development of electric autonomous vehicles and Robo-taxis, which could lead to growth in the coming years.
Europe is the second-fastest-growing market. Europe’s market is growing because of stricter rules on vehicle emissions, more support for electric vehicles, and more investment in technology that makes cars drive themselves.
During the time of the forecast, the CAGR for the rest of the world may be high. Strong demand for battery-powered electric cars in places like Saudi Arabia, South Africa, the United Arab Emirates, Brazil, and other places is likely to help the industry grow. If more money was put into public charging stations in Latin America and the Middle East, more people might buy electric cars, which would help the market grow.
Following are the major TOC of the Automotive Semiconductor Market:
Chapter 1: Automotive Semiconductor Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Automotive Semiconductor Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Automotive Semiconductor Market Forecast
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Key Reasons to Purchase Automotive Semiconductor Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Automotive Semiconductor Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Automotive Semiconductor Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Automotive Semiconductor
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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