Publication Month: Jan 2019 | Report Code: TIPEL00002655 | No. of Pages: 182 | Category: Electronics and Semiconductor | Status: Published
With the introduction of numerous technologies, such as 3D mapping applications, the emergence of electric vehicles, automobile automation, and many others, the automobile industry has changed significantly in recent years. This has boosted the demand for advanced semiconductors such as sensors, memory devices, and integrated circuits.
Automobile electrification and automation are significant industry drivers that have resulted in increased demand for semiconductor wafers. Varied automotive products, such as navigation control, entertainment systems, and collision detection systems, utilize semiconductor ICs with various functionalities. The presence of these features has an effect on vehicle sales.
Advanced technology, such as matrix LED lighting, upgraded LiDAR sensors, and ADAS systems, have been increasingly implemented into mass production of cars in recent years. Improvements have also been made in 3D mapping applications, electric vehicle batteries, and augmented-reality technology such as head-up displays. In addition, 5G networks have enabled the sector's next generation of mobility solutions. Advanced driver assistance systems (ADAS) sales are expected to grow in the future due to rising demand for safety features that are designed to prevent collisions and accidents by providing technologies that alert drivers about potential problems (or to avoid collisions by implementing safeguards and taking control of the vehicle). Cost and fuel efficiency are no longer the most significant variables to consider while purchasing a vehicle; instead, the vehicle's comfort and luxury are given preference. This could be attributable to the fact that global automobile manufacturers are seeing strong demand for luxury and semi-luxury automobiles, forcing them to install more electronic components. As a result, Asia Pacific represents a potentially lucrative automotive semiconductor market
The increased demand for electric vehicles is predicted to fuel the rapid expansion of the automotive semiconductor sector in Asia Pacific. Self-driving cars have garnered a large number of buyers in crucial automotive manufacturing countries; therefore, automakers must continue to innovate, produce, and improve them. Factors including technological improvements, consumer readiness to embrace fully automated vehicles, pricing, and suppliers' and OEMs' capacity to address major concerns about vehicle safety are projected to have a significant impact on the growth trajectory of fully autonomous vehicles.
China is one of the major contributors to the automotive semiconductor market in Asia Pacific. This scenario is due to an increase in the use of safety features in vehicles and an increase in infotainment applications such as navigation. ADAS systems have also grown in popularity, with features such as parking assist, adaptive cruise control, lane-departure warning, forward collision warning, and blind-spot recognition contributing significantly to the automotive semiconductor market's growth. Currently, domestic OEMs dominate the Chinese EV industry, with a sales share of roughly 94% (Source: IEA). China has put a quota on automakers for 100% electric or hybrid vehicles, which may account for at least 10% of total new vehicle sales. Furthermore, some large cities and provinces are enacting stricter regulations. Aside from that, manufacturers in the country are working to minimize their present GHG emissions by optimizing their powertrain system design and focusing on lightweight and smaller powertrain systems that deliver higher performance.
The automotive industry is compelled to integrate their vehicles with advanced electronics and semiconductor components to enhance the vehicular performance. The rising drift of electrification of vehicles is a major factor boosting the semiconductor market in the automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with semiconductor manufacturers to meet the demands of their customers. For instance, in January 2018, Audi AG partnered with ON Semiconductor to foster ON Semiconductor’s innovations and integrate their semiconductors on their newer models, thereby meeting the changing expectations of consumers in terms of safety, reliability, and performance.
Based on component, the microcontrollers segment dominated the global automotive semiconductor market in 2017. Micro-controllers in an automobile play a critical role in smooth operation, and the application of micro-controllers ranges widely from seat movements, power windows, taillights, braking, headlights, and steering.
Based on application, the ADAS dominated the global automotive semiconductor market in 2017. The automotive industry in the past few years have witnessed significant rise in vehicular accidents due to which automotive manufacturers, along with their technology partners, have innovated several technologies that largely benefit the industry.
|Market Size Value in||US$ 34.89 billion in 2017|
|Market Size Value by||US$ 76.93 billion by 2027|
|Growth rate||CAGR of 8.3% from 2018 to 2027|
|No. of Pages||182|
|No. of Tables||32|
|No. of Charts & Figures||74|
|Historical data available||Yes|
|Segments covered||Component ; Application ; Vehicle Type|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
NVIDIA Corporation, Intel Corporation, NXP Semiconductors N.V., Infineon Technologies AG, Rohm Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, Robert Bosch GmbH, ON Semiconductor Corporation, and STMicroelectronics N.V. are among the major players operating in the automotive semiconductor market. The players adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
The List of Companies
1. NVidia Corporation
2. Intel Corporation
3. NXP Semiconductors N.V.
4. Infineon Technologies AG
5. Rohm Semiconductor
6. Texas Instruments Inc.
7. Renesas Electronics Corporation
8. Robert Bosch Gmbh
9. ON Semiconductor Corporation
10. STMicroelectronics N.V.