Automotive Semiconductors Market:| Trends, Share, Growth Rate, Opportunities and Industry Forecast

 The automotive semiconductor market is projected to grow from USD 42.9 billion in 2022 to USD 70.0 billion by 2027; it is expected to grow at a CAGR of 10.1% from 2022 to 2027. Automotive semiconductor systems are extensively deployed in a variety of applications, including powertrain, safety, body electronics, chassis, and telematics & infotainment. The high requirement for fuel-efficient cars and the stringent government regulations to lower CO2 emissions led to an increasing number of semiconductors in both traditional vehicles and EVs/HEVs. Governments in many countries are in the process of regulating emissions from internal combustion engine (ICE)-based cars.

Although the automotive semiconductor market is growing at a steady pace, the market is consolidated among the players in the market. Key strategies adopted by top players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and deals. For instance, In January 2022, Infineon Technologies (Germany) launched a new generation of its AURIX microcontroller family (MCU). The TC4x series features advanced driver assists systems (ADAS), automotive electric-electronic (E/E) architectures and affordable artificial intelligence (AI) applications for automotive. In January 2022, NXP Semiconductors (Netherlands) announced the industry’s first dedicated 16nm imaging radar processor, the S32R45, released into mass production. Additionally, the new S32R41 has been introduced to extend 4D imaging radar’s benefits to a much larger number of vehicles. Together these processors enable 4D imaging radar for surround sensing. In December 2021, NXP Semiconductors (Netherlands) announced a strategic partnership with Foxconn, a subsidy company of Foxconn group (FII). NXP will provide FII with its comprehensive portfolio of automotive technologies. The initial phase of the joint project focused on the development of a full digital cockpit solution, based on the NXP i.MX 8 QuadMax. In April 2020, Infineon Technologies (Germany) acquired Cypress Semiconductor, a leader in the semiconductor industry. With this acquisition, Infineon is expected to enhance its automotive semiconductors offerings.

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Infineon Technologies (Germany) is a leader in automotive semiconductor solutions. The company emphasizes on energy efficiency, automotive mobility, and passenger and road security. It offers semiconductors and solutions for automotive, industrial electronics, chip cards, and security applications. Infineon Technologies AG primarily operates through four major business segments: Automotive, Industrial Power Control, Power and Sensor Systems, and Connected Secure Systems. The Automotive division supplies sensors, microcontrollers, power semiconductors, and power modules for automotive applications. All these products are built to meet the goals of sustainable mobility, which include reduction in fuel consumption and CO2 emissions and improvement in road and passenger safety. Through the Automotive division, the company offers devices and components that find applications in driver assistance systems and safety systems, comfort electronics, powertrain solutions, security solutions, etc. Its key competitors include Aptiv, Robert Bosch GmbH, BYD, Continental, Delphi, DENSO Corporation, Hella, Hitachi, Hyundai, Keihin, Lear, Mando, Mitsubishi Electric, Omron, Preh, Valeo, Veoneer, and ZF. Infineon’s comprehensive product portfolio is distinct due to the reliability, excellence of its innovative and leading-edge technologies such as analog and mixed-signal, RF, power management, and embedded controls. Infineon is one of the significant suppliers of integrated circuits to the automotive industry. The company offers products for automotive applications such as car powertrain, vehicle body and convenience, safety management, and infotainment.

NXP Semiconductors (Netherlands) is a Dutch semiconductor company that designs, manufactures, and supplies mixed-signal and standard product solutions. The company operates through a single business segment — High-Performance Mixed Signal (HPMS). The company offers semiconductor products, analog and interface devices, microcontrollers, application processors, communication processors, connectivity chipsets, RF power amplifiers, data converters, and sensors. These products are used in automotive, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications. The company’s automotive semiconductor portfolio includes solutions for ADAS and highly automated driving, infotainment and in-vehicle experience, automotive connectivity, body and comfort, powertrain and vehicle dynamics, vehicle networking, and functional safety and automotive security. NXP Semiconductors has a strong global presence in 20 countries across the Americas, APAC, and Europe. A few of its key subsidiaries are NXP Semiconductors N.V. are NXP Semiconductors Japan, NXP Semiconductors Germany, Semiconductors NXP, and NXP Semiconductors Guangdong.

Related Reports:

Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete power device, Sensor), Vehicle Type (Passenger Car, LCV, HCV), Fuel Type (Gasoline, Diesel, EV/HEV), Application (Powertrain, Safety, Chassis) — Global Forecast to 2027 .

See Also :

Automotive Manufacturing Equipment Companies

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