The description

By 2027the global automotive semiconductor market the size should increase $61.7 billion from 41.4 billion USD in 2021, at a CAGR of 6.9% from 2021 to 2027. A semiconductor is a solid chemical element or compound that conducts electricity under certain conditions, making it a good intermediary for controlling electric current. The conductance of semiconductors varies depending on the current or voltage applied to a control electrode or the intensity of irradiation by infrared (IR), visible light, ultraviolet (UV) or X-rays. Automotive conductors are used in various automotive applications including interiors, safety, energy efficiency and connectivity.

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The rise of new technologies, rapid developments in emerging markets, the adoption of sustainable policies and changing consumer preferences are expected to exponentially increase the use of semiconductors in vehicles. Additionally, digitalization and changing business models have brought about a revolution in many industries, including automotive. Disruptive technologies such as electrification, diverse mobility, autonomous driving, and rapidly evolving connectivity services are driving the growth of the global automotive semiconductor market in recent years.

In recent years, growing consumer demand for vehicle performance and convenience, strict government mandates to limit emissions, and improvements in passenger safety have led to the widespread adoption of electronics in automobiles. Additionally, rising memory component prices are expected to boost the global automotive semiconductor market revenue over the forecast period.

Global Automotive Semiconductor Market Dynamics

Drivers: Growing use of ECUs

Automobiles were seen only as mechanical machines until the introduction of electronics in the automotive industry. The inherent limitations of mechanical systems made automobiles more prone to system failures, which, in turn, posed a serious threat to the lives of drivers. To solve this problem, manufacturers have started replacing mechanical systems with digital ones. The first electronic control unit (ECU) was introduced in 1970 and since then it has been an integral part of automobiles. A modern car has over 100 ECUs that control various aspects of the automotive system. For example, the BMW 7-series has more than 150 ECUs that regulate vital car functions.

Constraints: increased risk of cyberattacks

The digitization of new age vehicles would mean that more and more functions are performed and controlled using sensors and electronic equipment. This would be the electronic actuation of primary functions formerly managed by mechanical and hydraulic systems. These automobiles will also have a network of entertainment and information systems, and they will be linked to the Internet cloud to communicate with each other. This network of connected cars would result in individual automobiles acting as nodes in a network infrastructure. The rapid development of automotive technologies presents a risk of malicious intrusion into the vehicle network, allowing hackers to take control of critical vehicle control functions and cause damage to the vehicle, its driver and passengers.

Opportunities: increasing demand for connected vehicles

Currently, industries rely heavily on data from remote diagnostics and predictive maintenance, among others, to deliver better services to customers. This has influenced the digitization of many vehicle functions, such as monitoring metrics such as speed, fuel efficiency, gas tank levels, heating and air conditioning, among others. The digitization of cars has helped manufacturers continuously improve functionality and come up with better products that meet strict safety and emissions standards. The data collected by various sensors provides an overview of the car’s performance, allowing the driver to make informed decisions to improve the performance of the car.

Hands-free calling and in-vehicle navigation have now become standard in all vehicles. With the rapid advancements in mobile networks, automakers have moved to the next generation of connected car technologies such as telematics, voice recognition, eCall and vehicle-to-vehicle communication.

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Report scope

The study categorizes the automotive semiconductor market based on product, application, vehicle, and regions.

By Product Outlook (Sales/Consumption, 2017-2027, USD Million)

• Processor
• Analog
• Sensor
• Discrete power
• Memory

By Outlook Application (Sales/Consumption, 2017-2027, USD Million)

• Body electronics
• Telematics
• Powertrain
• Security
• Frame

By Vehicle Outlook (Sales/Consumption, 2017-2027, USD Million)

• Particular Cars
• Light commercial vehicles
• Heavy duty vehicles

Outlook by Region (Sales/Consumption, 2017-2027, USD Million)

• North America (United States, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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The processor segment is expected to hold the largest market share by product

The by-product of the global automotive semiconductor market has been segmented into processors, analog ICs, sensors, discrete power supply and memory products. The processor segment byproduct accounted for the largest market revenue share of 30.1% in 2020. The processor segment includes microprocessor units, microcontroller units (MCUs), and digital signal processors (DSPs). ) that help to provide optimal output compared to inputs provided by sensors. Microprocessors contain an integrated circuit that only includes the processor, i.e. they only have the processing power and do not include RAM, ROM and other on-chip peripherals. They are used to perform tasks optimally when the relationship between input and output is undefined. On the other hand, microcontrollers contain a processor with a fixed amount of RAM, ROM, and other peripherals integrated on a single chip. These are designed to perform specific tasks where the relationship between input and output is predefined.

North America accounts for the highest CAGR during the forecast period

The global automotive semiconductor market has been segmented into North America, Asia-Pacific, Europe, South America, Middle East & Africa by region. Globally, North America has the highest CAGR of 7.3% during the forecast period. The growth of automotive semiconductor market in North America depends on the regional political and economic scenario and growing demand for automotive. North America has a vibrant economy with most of the population falling into the early adopter category. However, after the recession, consumers restricted their spending by only spending on basic necessities.

Consumers have also drastically reduced their spending on non-essential products and the replacement of existing products, leading to a market collapse. The current political scenario is also impacting the growth of neighboring countries which are highly dependent on export activities in the region. The decision to withdraw from the North American Free Trade Agreement (NAFTA) is expected to negatively impact the automotive semiconductor market in North America for a short time. However, we expect the market to stabilize and grow over the forecast period.

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Main market players

The automotive semiconductor market is slightly concentrated in nature with few global players operating in the market such as NXP Semiconductors, Infineon Technologies, Renesas Electronics, Renesas Electronics, Texas Instruments, Stmicro Electronics, Bosch, Melexis, Allegro Micro System, Microchip Technology, Sur Semiconductor, Rohm Semiconductor, Analog Devices, Delphi Technologies, Pansonic and Toshiba. Each company follows its business strategy to achieve the maximum market share