Automotive Semiconductor Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Semiconductor Market is segmented by Component (Memory (DRAM, NAND, NOR), Microcomponents (Microcontrollers (MCU), Microprocessing Unit (MPU), Digital signal processor (DSP)), Logic (ASSP, General Purpose, ASIC), Analog (ASSP, General Purpose, ASIC), Discrete (Power Transistor & Thyristor, Rectifier & Diodes, RF, Small Signal), Optical & Sensor (Sensors & Actuators, LED, Image Sensor)), Application (Body Electronics, Safety (Tire-pressure Warning, eCall Telematics, Collision Warning), Driver Info (Navigation, Primary Instruments), Powertrain (Engine Control)), Vehicle Type (Gasoline & Diesel, Electric & Hybrid)), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

17.94%

Key Players:

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Market Overview

The global automotive semiconductor market was valued at USD 40.82 billion in 2018 and is expected to reach a value of USD 109.56 billion by 2024 at a CAGR of 17.9 %, over the forecast period (2019 - 2024). Semiconductor ICs with different functionalities are used in various automotive products, like navigation control, infotainment systems, and collision detection systems. The inclusion of these features has an impact on automobile sales.

  • The vehicle production has increased in recent years, and more and more vehicles are increasingly incorporating vehicle electrical systems that require power diodes and voltage regulators of exceptional reliability. From the past few years, cutting-edge technologies are increasingly incorporated into the mass production of cars, including matrix LED lights, enhanced lidar sensors, ADAS systems.
  • The industry has also witnessed improvements in 3D mapping applications, EV batteries, and augmented-reality technologies, such as head-up displays. Moreover, 5G networks are enabling the next generation of mobility solutions in the sector.
  • For instance, the NXP Semiconductor's acquisition of Freescale Semiconductor made the company one of the leading suppliers of automotive semiconductors. In China, the company recently leveraged its capabilities to establish the NXP China Applications Development Centre for Auto Electronics. This would aid China's domestic carmakers to quickly gain the expertise to build electronic control units (ECUs) using NXP solutions to drive growth, innovation, and industry standards for automotive electronics.
  • The EVs include electrification of the drivetrains, which may lead to an expansion of semiconductors usage in an automobile, as hybrid vehicle drivetrains use more electronic devices in comparison to regular Internal Combustion (IC) drivetrains.
  • The cost of these advanced featured vehicles is comparatively high for the mediocre population, which could be a challenge for the automotive semiconductor market in the forecast period.

Scope of the Report

Automotive semiconductor ICs with different functionalities are used in various automotive products, like navigation control, infotainment systems, and collision detection systems. The inclusion of these features has an impact on automobile sales. The electrification and automation of automobiles have led to increased demand in semiconductor wafers.

By Component
Memory
DRAM
NAND
NOR
Others
Microcomponents
Microcontrollers (MCU)
Microprocessing Unit (MPU)
Digital signal processor (DSP)
Logic
ASSP
General Purpose
ASIC
Analog
ASSP
General Purpose
ASIC
Discrete
Power Transistor & Thyristor
Rectifier & Diodes
RF
Small Signal & Others
Optical & Sensor
Sensors & Actuators
LED
Image Sensor
Others
By Application
Body Electronics
Safety (Tire-pressure Warning, eCall Telematics, Collision Warning)
Driver Info (Navigation, Primary Instruments)
Powertrain (Engine Control)
Chassis
By Vehicle Type
Gasoline & Diesel
Electric & Hybrid
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Safety Application is expected to Register Highest Growth Rate

  • Owing to rising demand for safety features designed to avoid collisions and accidents by offering technologies that alert the driver to potential problems or to avoid collisions by implementing safeguards and taking over control of the vehicle, ADAS (Advanced Driver Assistance Systems) sales are expected to flourish in the future. Semiconductors find their application in ADAS to enhance its functionality. 
  • Continued strong growth in demand for driver assistance systems is ensuring that more semiconductors with more functions are finding their way into cars. Chips with built-in 'intelligence,' known as ASICs, are tailored to a particular application.
  • For instance, signaling the airbags in a vehicle when they should deploy. These chips control handling to ensure a consistently safe journey. Bosch launched SMA7xy MEMS sensor which focusses on faster airbag deployment.
  • With the introduction of the concept of driverless cars, semiconductors can be used for the function of Blind Spot Detection. The blind spot monitor is a vehicle-based sensor device that detects other vehicles located to the driver’s side and rear. With the introduction of LIDAR mapping technology into the automobile sector, the use of semiconductors in vehicles can be widened.
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Asia-Pacific to Witness Highest Growth Rate

  • Over the last decade, the Asia-Pacific automotive industry has undergone the most significant transformation in its history. Although North America and Europe are still the largest markets globally, the Asian region is recording an increasing share of global vehicle sales. It is the only major market expected to see continued strong growth in, both, the medium- and long-term.
  • The growth of the electric vehicle market in the region is associated majorly with the production of the electric motors for automotive applications in countries, like India and China. 
  • On 7 March 2019, the Indian government officially announced a 15% import subsidy on lithium. This indicates the ease of electric vehicle production in the country. Policy negotiations between the Prime Minister’s Office and the Department of Heavy Industry (DHI), the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme, was passed to make India ride on the path to electric mobility.
  • China has 330,000 public charging points, compared with 67,500 in the U.S., according to an MIT study. Shenzhen City has a 100 percent electric fleet of 16,000 buses and is switching its 22,000 taxis to EVs. The resort island of Hainan plans for 100 percent adoption of EVs by 2030.
  • These factors are spurring the demand for automobiles in the region, consequently driving the market for automotive semiconductors in the region.
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Competitive Landscape

The market witnesses high competition due to presence of number of players like STMicroelectronics, NXP Semiconductor NV among others. The competitive environment requires technological upgrades and significant capital requirement and investment in research and development for scalability.

  • March 2019 - Infineon Technologies made an announcement to expand its research and development center for radar sensors to be used in driver assistance systems.
  • July 2018 - STMicroelectronics NV introduced the automotive-grade ASM330LHH six-axis inertial sensor for super-high-resolution motion tracking in advanced vehicle navigation and telematics applications. It serves a demand for continuous, accurate vehicle location to support automated services.

Major Players

  1. STMicroelectronics
  2. Infineon Technologies AG
  3. NXP Semiconductor NV
  4. Texas Instrument Inc.
  5. Toshiba Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Vehicle Production

      2. 4.2.2 Rising Demand for Advanced Safety and Comfort Systems

    3. 4.3 Market Restraints

      1. 4.3.1 Higher Costs of Advanced Featured Vehicles

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Industry Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Component

      1. 5.1.1 Memory

        1. 5.1.1.1 DRAM

        2. 5.1.1.2 NAND

        3. 5.1.1.3 NOR

        4. 5.1.1.4 Others

      2. 5.1.2 Microcomponents

        1. 5.1.2.1 Microcontrollers (MCU)

        2. 5.1.2.2 Microprocessing Unit (MPU)

        3. 5.1.2.3 Digital signal processor (DSP)

      3. 5.1.3 Logic

        1. 5.1.3.1 ASSP

        2. 5.1.3.2 General Purpose

        3. 5.1.3.3 ASIC

      4. 5.1.4 Analog

        1. 5.1.4.1 ASSP

        2. 5.1.4.2 General Purpose

        3. 5.1.4.3 ASIC

      5. 5.1.5 Discrete

        1. 5.1.5.1 Power Transistor & Thyristor

        2. 5.1.5.2 Rectifier & Diodes

        3. 5.1.5.3 RF

        4. 5.1.5.4 Small Signal & Others

      6. 5.1.6 Optical & Sensor

        1. 5.1.6.1 Sensors & Actuators

        2. 5.1.6.2 LED

        3. 5.1.6.3 Image Sensor

        4. 5.1.6.4 Others

    2. 5.2 By Application

      1. 5.2.1 Body Electronics

      2. 5.2.2 Safety (Tire-pressure Warning, eCall Telematics, Collision Warning)

      3. 5.2.3 Driver Info (Navigation, Primary Instruments)

      4. 5.2.4 Powertrain (Engine Control)

      5. 5.2.5 Chassis

    3. 5.3 By Vehicle Type

      1. 5.3.1 Gasoline & Diesel

      2. 5.3.2 Electric & Hybrid

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 NXP Semiconductor NV

      2. 6.1.2 Infineon Technologies AG

      3. 6.1.3 Renesas Electronics Corporation

      4. 6.1.4 STMicroelectronics N.V.

      5. 6.1.5 Toshiba Corporation

      6. 6.1.6 Texas Instrument Inc.

      7. 6.1.7 Robert Bosch

      8. 6.1.8 Micron Technology

      9. 6.1.9 ON Semiconductor

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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