Trends, opportunities and forecast in automotive semiconductor market to 2025 by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-Size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application type (Powertrain, safety, driver information systems, body electronics chassis, and networking/communication), engine type (ICE vehicles and electric vehicles) and region
The future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $53.6 billion by 2025 with a CAGR of 8% to 10% from 2020 to 2025. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems.
Emerging trends, which have a direct impact on the dynamics of the automotive semiconductor industry, include the introduction of high efficiency power semiconductors, and development of smaller single–chips for radar sensors.
Automotive semiconductor opportunities have evolved through number of stages as presented in figure below:
Evolution of Automotive Semiconductor Opportunities
In this market, integrated circuit is the largest market by component type, whereas powertrain is the largest application. Growth in various segments of the automotive semiconductor market are given below:
Automotive Semiconductor Market by Segments
The study includes the automotive semiconductor market size and forecast for the global automotive semiconductor market through 2025, segmented by component type, vehicle type, application type, engine type and region, as follows:
Automotive Semiconductor Market by Component Type ($ Million from 2014 to 2025)
• Microcontrollers
• Integrated Circuits
• Sensors
• Discrete Power
• Others
Automotive Semiconductor Market by Vehicle Type ($ Million from 2014 to 2025)
• Small Cars
• Compact Cars
• Mid-Size Cars
• Large Cars
• SUVs & Crossovers
• MPVs
• Pickups
• HCVs
• Electric Vehicles
• Others
Automotive Semiconductor Market by Application ($ Million from 2014 to 2025)
• Powertrain
• Safety
• Driver Information Systems
• Body Electronics
• Chassis
• Networking/Communication
Automotive Semiconductor Market by Engine Type ($ Million from 2014 to 2025)
• ICE Vehicles
• Electric Vehicles
Automotive Semiconductor Market by Region ($ million from 2014 to 2025)
• North America
• USA
• Canada
• Mexico
• Europe
• United Kingdom
• Russia
• France
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Indonesia
• South Korea
• The Rest of the World
• Brazil
• Argentina
Some of the automotive semiconductor companies profiled in this report include NXP semiconductor, Renesas Electronics, ST Microelectronics, Infineon Technologies, Texas Instruments, Robert Bosch, On Semiconductor, Micron Technology, TOSHIBA, and Panasonic Semiconductor Solutions and others.
On the basis of its comprehensive research, The analyst forecasts that integrated circuits is expected to remain the largest component type due to rapid vehicle electrification, increasing demand for electronics, and growth in vehicle production. The automotive sensor segment is expected to witness the highest growth during the forecast period due to the growth in advanced driver assistance system.
The analyst forecasts that the powertrain and safety application will show above average growth during the forecast period due to the stringent government regulations for reduced vehicle emissions, and increased passenger safety.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the high vehicle production and increasing awareness for passenger safety.
Some of the features of this report:
• Market size estimates: Global automotive semiconductor market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, and end use industry.
• Segmentation analysis: Global automotive semiconductor market size by various applications such as component, vehicle, application, and engine type in terms of value and volume shipment.
• Regional analysis: Global automotive semiconductor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions for automotive semiconductor in the global automotive semiconductor market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape for automotive semiconductor in the global automotive semiconductor market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high growth opportunities for the automotive semiconductor market by component type (microcontrollers, integrated circuits, sensors, discrete power, and others), vehicle type (small cars, compact cars, mid-Size cars, large cars, SUVs and crossovers, MPVs, pickups, HCVs, electric vehicles, and others), application type (Powertrain, safety, driver information systems, body electronics chassis, and networking/communication), engine type (ICE vehicles and electric vehicles) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this automotive semiconductor market?
Q.5. What are the business risks and competitive threats in this automotive semiconductor market?
Q.6. What are the emerging trends in this automotive semiconductor market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the automotive semiconductor market?
Q.8. What are the new developments in the automotive semiconductor market? Which companies are leading these developments?
Q.9. Who are the major players in this automotive semiconductor market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this automotive semiconductor market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the automotive semiconductor industry?
Report Scope
Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 253
Market Representation / Units Revenue in US $ Billion
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By component type (microcontrollers, integraed circuits, sensors, discrete power, and others), By vehicle type (small cars, compact cars, mid-size cars, large cars, SUVs & crossover, MPVs, Pickups, HCVs, electric cars, and others), By application (powertrain, safety, driver information system, body electronics, chassis, networking/communication) , By enegine type ( ICE and Electric)
Regional Scope North America (The United States, Canada, and Mexico), Europe (the UK, Russia, France Germany, and Spain), Asia Pacific (China, India, Japan, Indonesia, and South Korea), and RoW (Brazil and Argentina)
Customization 10% Customization Without any Additional Cost