Global Automotive Semiconductor Market was worth US$ 48.13 Bn in 2020 and total revenue is expected to grow at a rate of 11.2 % CAGR from 2021 to 2027, reaching almost US$ 129.17 Bn in 2027.
Automotive Semiconductor Market Overview:
Maximize Market Research provides a brief description of Global Automotive Semiconductor Market, provides the latest snapshots of the market, and best understands its features. The report provides an overview of the market with standard topics highlighted with data adjusted as needed. This overview will help you decide how to approach the market and understand the situation in the industry. This research methodology has been applied to examine the Global Automotive Semiconductor Market and these findings have been logically mentioned in this report.
Semiconductors are made from pure elements or compounds. These materials' properties can be altered via doping. Doping introduces impurities into the system. They are compliant with the automotive industry's technical and quality standards. Autonomous driving is predicted to result in a rise in the number of semiconductor devices used in the car sector as technology improves. Autonomous vehicles rely on sophisticated algorithms, actuators, powerful processors, and machine learning systems to execute software. Countries such as the United States, Taiwan, South Korea, Japan, and the Netherlands have emerged as prominent key participants in the automotive semiconductor business. Semiconductor sales are predicted to drop -9.6% to slightly more than $38 billion in 2020, compared to a mid-year prediction of a 20% drop by the end of the year compared to 2019. Due of a semiconductor scarcity. The semiconductor industry is expected to develop strongly in 2021, thanks to increasing demand and production conditions, as well as increased adoption of electric automobiles, which was one factor that drove the market in 2020.
Market Scope:
The Automotive Semiconductor market report thoroughly covers analysed insights of key players in terms of market, applications, and geographies to help you identify competition both domestic and globally. The research also includes available micro market investment options for investors, as well as a full analysis of the competitive landscape and significant product offered by companies.
Automotive Semiconductor Report provides in-depth knowledge and comprehension of trends, dynamics, and other topics. The research identifies the most important trends that will have an impact on the business. It aids in the identification of the information included in the research determining the competitive landscape of key companies, factors affecting the market, and other aspects that can help you determine whether your present marketing plans are on track and how to enhance them.
Automotive Semiconductor Market Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Automotive Semiconductor Market segments which include products, applications, and competitor analysis.
Countries such as the United States, Taiwan, South Korea, Japan, and the Netherlands have emerged as prominent key participants in the automotive semiconductor business. Semiconductor sales are predicted to drop -9.6% to slightly more than $38 billion in 2020, compared to a mid-year prediction of a 20% drop by the end of the year compared to 2019. Due of a semiconductor scarcity. The semiconductor industry is expected to develop strongly in 2021, thanks to increasing demand and production conditions, as well as increased adoption of electric automobiles, which was one factor that drove the market in 2020.
The semiconductor business has matured in recent years as a result of consolidation and increased scale. In line with sales, its capacity has risen at a moderate but consistent rate of around 4% each year. Parallel to this, semiconductor usage has remained consistently strong over the last ten years (at or above 80 percent ). In fact, in 2020, utilisation was close to 90%, which many industry executives consider full utilisation because anything higher than that resulted in proportionally longer lead times. As a result, despite a 180 percent increase in manufacturing capacity since 2000, the semiconductor industry's overall capacity is essentially depleted at the current high utilisation rate.
Revenues from automotive semiconductors will increase by 22.8 percent by the end of the year, as supply bottlenecks are resolved. Notebook semiconductor revenues will grow by 11.8 percent, while X86 Server semiconductor revenues will grow by 24.6 percent, according to IDC. Semiconductor wafer prices rose in the first half of 2021 due to material costs and opportunity costs in mature process technologies, and IDC expects this trend to continue for the remainder of the year.
The demand for semiconductors varies depending on the size of the node. Smaller chips, the most advanced of which are seven and fourteen nanometers or smaller, are widely used in cutting-edge technology applications, but many automakers do not require them. According to our findings, the automotive sector must consider a slew of secondary effects as a result of widespread technological adoption. For a large-scale 5G rollout, for example, a huge number of radio-frequency semiconductors built at the same, bigger node sizes as automobile chips are required. The power-electronic chips required to start servers and PCs are similar.
PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors like tax policy, environmental regulations, tariffs etc. helps you determine the extent to which a government may influence the Automotive Semiconductor market. Economic factors like interest, exchange, inflation and wage rates, minimum wage, etc. helps in analysing determinants to economy’s performance that impacts Automotive Semiconductor market.
Social factors like cultural norms and expectations, health consciousness, population growth rates etc. helps in planning marketing analytics and strategies. Technological factors like innovations and developments in technologies can impact market growth. Legal factors like changes to legislation impacting employment, access to materials, etc. can help you understand the impact on market in a region or country. Legal factors helps in understanding effect of the surrounding environment and the influence of ecological aspects for Automotive Semiconductor market.
Competitive Landscape and Automotive Semiconductor Market Share Analysis:
The competitive landscape for the Automotive Semiconductor market gives statistics and data on the various competitors. The study provides a detailed analysis and reliable revenue information for the player from 2018 to 2021. It also includes a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Automotive Semiconductor business, date of entry into the Automotive Semiconductor market, Automotive Semiconductor product introduction, recent advancements, and other details are given.
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Segmentation:
Passenger automobiles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) are the three sectors that make up the market (HCV). During the projection period, passenger automobiles are expected to hold the biggest market share. This increase is due to high demand for passenger automobiles around the world, particularly in Asia and Oceania. In nations like China, India, Thailand, Indonesia, and Malaysia, rising middle-class populations and disposable income have spurred demand for passenger automobiles. The LCV class, which is expected to increase at the fastest CAGR between 2016 and 2022, will see the most significant growth.
Processor, Analog IC, Discrete Power Device, Sensor, Memory Device, and Lighting Device are the sub-segments of the market. Discrete power devices are the fastest-growing segment of the automotive semiconductor market, followed by memory devices. The increasing electrification of major automotive applications such as powertrain, which is pushing up demand for power components such as MOSFET and IGBT, is the explanation for this rapid increase in discrete power device market share. The desire for greater safety and advanced features in autos is driving the need for more memory devices per car to train the many control systems into an autonomous one.
The market is divided into sectors like as powertrain, safety, body electronics, chassis, and telematics and infotainment. Because of the growing demand for safety features that prevent collisions and accidents by providing technologies that alert drivers to potential hazards and avoid crashes by implementing safeguards and taking control of the vehicle, ADAS (Advanced Driver Assistance Systems) sales are expected to increase in the future. To improve the system's functionality, semiconductors are employed in ADAS. Higher data volumes are driving the usage of 64-bit CPUs in vehicle ADAS applications. It's becoming more normal to move from a distributed to a more centralised ECU.
Key Players:
• Renesas Electronics Corp. (Japan)
• Infineon Technologies AG (Germany)
• STMicroelectronics N.V. (Switzerland)
• Robert Bosch GmbH (Germany)
• Texas Instruments, Inc. (U.S.)
• ON Semiconductor Corp. (U.S.)
• ROHM Co., Ltd. (Japan)
• Toshiba Corp. (Japan)
• Analog Devices Inc. (U.S.)
• NVidia Corporation
• Intel Corporation
• Microchip Technology Inc.
• Entegris
• Sanmina
• Wafer Space
• Lattice Semiconductor
• Semtech
• GEO Semiconductor, Inc.
• indie Semiconductor
The competitive landscape is an important component of Automotive Semiconductor market that every crucial player should be aware of. The research report covers the competitive landscape of the worldwide Automotive Semiconductor market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. The report also focuses on BCG matrix, competitive benchmarking, and SWOT analysis in addition to Automotive Semiconductor Market Share analysis of companies, detailed profiling of products and business overview.
Regional Analysis:
Our reports' Regional insights ensure that you are well-informed on the Automotive Semiconductor market on a regional level. Understanding local energy, economic, political, and geographic variables is critical for any meaningful assessment of viable policy options in response to global market change. Our report enables you to understand regional insights ensuring the effects on Automotive Semiconductor market and local growth opportunities, restraints domestic area wise as well.
COVID-19 Impact Analysis on Automotive Semiconductor Market:
COVID-19 has a thorough impact on the Automotive Semiconductor market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report offered by Maximize Market Research. During this crisis, our report presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Automotive Semiconductor market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. The updated study provides insights, analysis, estimates, and forecasts that take into account the impact of COVID 19 on the Automotive Semiconductor market.
Key Questions answered in the Automotive Semiconductor Market Report are:
- Which product segment grabbed the largest share in the Automotive Semiconductor market?
- How is the competitive scenario of the Automotive Semiconductor market?
- Which are the key factors aiding the Automotive Semiconductor market growth?
- Which region holds the maximum share in the Automotive Semiconductor market?
- What will be the CAGR of the Automotive Semiconductor market during the forecast period?
- Which application segment emerged as the leading segment in the Automotive Semiconductor market?
- Which are the prominent players in the Automotive Semiconductor market?
- What key trends are likely to emerge in the Automotive Semiconductor market in the coming years?
- What will be the Automotive Semiconductor market size by 2027?
- Which company held the largest share in the Automotive Semiconductor market?
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