Europe Automotive Semiconductor Market to Reach US$ 17,613.0 Mn at CAGR of 6.6% in 2027

Europe Automotive Semiconductor Market to 2027 - Regional Analysis and Forecasts by Component (Optical, Sensors & Actuators, Memory, Microcontrollers, Analog ICs, Logic and Discrete Power Devices); Application (Advanced Driver Assistance Systems, Body Electronics, Infotainment, Powertrain, Safety Systems); Vehicle Type (Passenger, LCV, and HCV)

Publication Month : Apr 2019

  • Report Code : TIPRE00003755
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 187
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Automotive Semiconductor market in Europe is expected to grow from US$ 9,257.4 Mn in 2017 to US$ 17,613.0 Mn by the year 2027. This represents a CAGR of 6.6% from the year 2018 to 2027.



Continuous Partnership of Automotive OEMs with Semiconductor Manufacturers is fueling the Europe automotive semiconductor market. The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the semiconductor market in 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 satisfying constantly changing expectations of the consumers in terms of safety, reliability, and performance. This factor has created a potential market space for Europe automotive semiconductor market.

The surging demand for electric vehicles is anticipated to fuel the Europe automotive semiconductor market growth. The automobile manufacturers to continuously focus on innovating, designing and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years. Attributing to these parameters, both the industry players i.e. automotive and semiconductor industry are constantly focusing on improving technologies, negotiating prices of raw materials and the finally integrating the cars with robust technologies.  For instance, in 2018, Intel has revealed first autonomous vehicle in its 100-car test fleet. Nissan, BMW, and Volkswagen are moving Mobileye-based mapping design. Also, the company stated about new collaboration with NavInfo and SAIC Motor to prolong crowdsourced map building to China. All these initiative by the market player are enhancing the growth of Europe automotive semiconductor market.

Germany is anticipated to leads the automotive semiconductor market across the European region through the forecast period. Germany is the largest contributor in the automotive market share of the region. A growing automotive electronics and rapid inclination of automotive manufacturers for including electronics integrations due to the emergence of autonomous driving and advanced driver assist systems has resulted in the higher demands for the automotive semiconductor. Germany has over 40 semiconductor fabs that are run by various companies that include NXP, Infineon, the Fraunhofer Institute research organization, and Osram/Siemens. Also, U.S. based companies including Texas Instruments and Global foundries have fabs in the country. This bolster the Europe automotive semiconductor market on the forecast period. The figure given below highlights the revenue share of Russia in the Europe automotive semiconductor market in the forecast period:

Russia Automotive Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)

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EUROPE AUTOMOTIVE SEMICONDUCTOR – MARKET SEGMENTATION

By Components

  • Optical Devices
  • Sensors & Actuators
    • LED
    • Image Sensor
    • Position Sensor
    • Temperature Sensor
    • Pressure Sensor
    • Others
  • Memory
    • DRAM
    • Flash
  • Microcontrollers
  • Analog ICs
  • Logic and Discrete Power Devices

By Application

  • Advanced Driver Assistance Systems
  • Body Electronics
  • Infotainment
  • Powertrain
  • Safety Systems

By Application

  • Passenger Cars
  • Lightweight Commercial Vehicle
  • Heavyweight Commercial Vehicle

By Country

  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Companies Mentioned

  • 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
  • STMicroelectronics N.V.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Application, Vehicle Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

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.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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