Automotive Semiconductors Market size was valued at USD 42.23 Billion in 2021, registering a CAGR of 5.9% during the forecast period (2022-2030), and the market is projected to be worth USD 70.74 Billion by 2030.
Automotive semiconductors are a unique class of electronic parts with the ability to conduct electricity under certain circumstances. Vehicles employ semiconductors to make sure the corresponding component works effectively under all circumstances. As the fundamental elements required for the proper operation of car electronics, silicon and germanium are utilised to make the semiconductors used in automobiles. The use of semiconductors in automobiles allows for the management of a variety of functions, including the regulation of the air conditioning system and the maintenance of the vehicle’s safety.
Image / How much is the Automotive Semiconductors Market worth
Automotive Semiconductors Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), (By Propulsion Type (Internal combustion engine, Electric)), By Application (Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment) and companies (Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.9%, over the forecast period of 2022–2030
The increased adoption of Automotive Semiconductors in the Semiconductors industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Automotive Semiconductors also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Automotive Semiconductors in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||70.74 Billion|
|By Vehicle Type||Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle|
|By Propulsion Type||Internal combustion engine, Electric|
|By Application||Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp.|
The COVID-19 pandemic has had a substantial negative influence on the Automotive Semiconductors market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Analog Devices, Inc., Infineon Technologies AG, Micron Technology, NXP Semiconductors N.V., On Semiconductor Corp., Renesas Electronics Corp.
Market Segment Analysis:
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Propulsion Type
- Internal combustion engine
- Memory Devices
- Integrated Circuits
- Discrete Power Devices
- Body Electronics
- Telematics & Infotainment
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Automotive Semiconductors industries in the region.
Key Automotive Semiconductors Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Automotive Semiconductors Market segments.
– Largest Market Share Held by Industry to Industry for Automotive Semiconductors
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Automotive Semiconductors Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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