Automotive Semiconductor Sector: Competitive Landscape, Impact Factors and Forecasted Trends

Who Dominates the Automotive Chip Market?

International giants currently dominate the market for automotive chips. Intel, Infineon, Texas Instruments, and On Semiconductor, among others, are among the key players. They bring extensive research and development capabilities and vast industry experience to the table. Given the importance of semiconductors in the automotive realm, these significant players remain at the forefront of ensuring the continued advancement and implementation of automotive semiconductors.

What Factors Influence the Semiconductor Market?

Resurgence of electric vehicle (EV) technology and increased demand for smart technologies are driving demand for automotive semiconductors. Additionally, rigorous safety regulations drive semiconductor use in advanced driver-assistance systems (ADAS). However, on the flip side, the current global chip shortage, exacerbated by the pandemic's disruptions, stands as a significant barrier to the market's growth.

What are the Prospective Trends?

The horizon of the automotive semiconductor market is promising. A surge in autonomous driving technology is anticipated to bolster demand for advanced semiconductor components. Market growth is also expected to get a boost from the increasing popularity of energy-efficient cars as global carbon emission standards tighten. Technological improvements are envisaged to fill the gap created by the current global chip shortage.