Global Automotive Semiconductor Market 2024-2030

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    AUTOMOTIVE SEMICONDUCTOR MARKET

     

    INTRODUCTION TO AUTOMOTIVE SEMICONDUCTOR MARKET

    It is obvious to the human perception that an automobile on the road today has simply transformed from being a mere mechanically operated assembly of components to an electro-mechanically operated device. A strong contributing factor to this transformation is the use and development of semiconductors in the automotive industry in the past few years.

     

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     Many big giants, such as Samsung, NVIDIA, Sony, Panasonic, etc are making substantially large investments into the semiconductors field as they foresee the exponential rise in demand for semiconductors in the future. With the vehicles seeming to become more and more complex and loaded with features, the need and demand for semiconductors is only going to see an upward rise.

     

    To know more about Global Electric Vehicle Semiconductors Market, read our report

     

    AUTOMOTIVE SEMICONDUCTOR MARKET SEGMENTATION

    The automotive semiconductor market can be segmented based on several factors which analyse and define the type and work the semiconductor chips and components offer under the category. The market segmentation for this industry is given as follows:

     

    Automotive Semiconductor Market Based On The Type Of Vehicle

    • Passenger Vehicle
    • Light-Medium Commercial Vehicle
    • Heavy Commercial Vehicle
    • Other Vehicle Types

     

    Automotive Semiconductor Market Based On The Component Integration

    • Sensors
    • Processors
    • Integrated Circuits
    • Memory Devices
    • Discrete Power units
    • Other components

     

    Automotive Semiconductor Market Based On The Application

    • Power electronics
    • Safety
    • Chassis
    • Comfort/Infotainment Unit
    • Body Electronics (Lightning devices)
    • Battery Management Systems
    • Connected car technology
    • Other applications

     

    Automotive Semiconductor Market Based On The Geography

    • Europe
    • Asia Pacific
    • North America
    • Latin America
    • Africa and the Middle East

     

    AUTOMOTIVE SEMICONDUCTOR MARKET DYNAMICS

    In Jan 2021, the shortage of semiconductors has forced major auto companies to halt or slow vehicle production. GM, VW, Ford, Fiat Chrysler and other major automakers have been hit and this has also resulted in delayed production of few models.

     

    If the chip shortage lasts, production cuts could reduce the inventory of cars, trucks and SUVs for sale in the U.S. and other markets. Most of the semiconductor companies have switched and concentrated more on consumer electronics segment during Q2 in 2020 due to pandemic’s affect on global auto sales. It takes 6 to 9 months of lead time for the industry to get chips through a series of suppliers.

     

    This has resulted in automakers concentrating on high-margin vehicles and have been trying their best to avoid slow-down in production in this segment, by holding back the slow-selling vehicles. Despite this, US’ number one model Ford F-150 has witnessed a production cut back.

     

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    The automotive industry is seeing improvements by leaps and bounds in areas such as electromobility, automated driving, connectivity, etc each of which require semiconductors as their backbone.

     

    Automated driving promises greater level of safety for the vehicles and many vehicles have already employed some levels of safety by means of Advanced driver assistance systems or ADAS which enable safety features such as Collision warning and Automatic Emergency braking.

     

    Similarly, connectivity features such as wireless internet and navigation systems are already enabled on most vehicles. In terms of electrification of the drive train, many automakers are already looking at complete electrification or on the lines of partial electrification by means of hybrid drive trains.

     

    It is fascinating to note that the basis of all such advancements in the automotive sector are electronic devices such as semiconductors.

     

    The growing technical innovations across the automotive industry is set to increase sales in the semiconductor industry. The industry is witnessing improvements in the 3D mapping applications mostly for electric vehicles, EV battery packs and BMS as well as augmented reality technologies like head-up displays in the infotainment units.

     

    The demand and development for ADAS systems, connected car technology have triggered a transformation in the infotainment units from bulky to sleek and upgraded for which they make use of technologically latest semiconductor chips and electronic components.

     

    AUTOMOTIVE SEMICONDUCTOR MARKET DEVELOPMENT LEAD TIME IN AUTO INDUSTRY

    One interesting aspect of the semiconductors that are being used in the automotive domain is that it requires a very high level of precision and quality. According to a chip manufacturer, the average time to manufacture a semiconductor chip to get accepted by an automotive OEM is around 6 months.

     

    In fact, during this time the manufacturer ensures that the semiconductor is already of a superior quality by subjecting it to high voltage and high temperature tests.

     

     

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    Besides this long duration and extremely stringent quality controls, the automotive OEMs tend to perform their own individual tests at a system level to ensure smooth functionality in the vehicle. This gives rise to an exceptionally high amount of time and process for a semiconductor company to get their product accepted for use in a vehicle.

     

    Consequentially, automotive OEMs rarely tend to switch between semiconductor companies and their products. This gives rise to a high level of trust and loyalty between semiconductor companies and automotive OEMs.

     

    Currently, there has been huge demand for old robust tools so as to meet the semiconductor requirement. Toolmakers such as Applied Materials Inc and Lam Research Corp have been refurbishing their 1990s tool models after a unprecedented demand from the auto industry.

     

    Minnesota based Polar semiconductors have been booked beyond capacity. Although, Polar produce old 200-mm silicon semiconductor chips, there has been demand for these wafer products too along with new chips.

     

     

     

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    AUTOMOTIVE SEMICONDUCTOR MARKET SIZE AND FORECAST

    The global automotive semiconductor market is estimated at $XX Billion in 2024 growing at –% CAGR till 2030.

     

    The current semiconductor crunch situation has led to hike in used equipment prices at least by 20%. Also, number of refurbished tools in inventories has hit all time low in majority of the companies.

     

    Before the pandemic, the chip industry was projected to grow 5% over a five-year horizon and now it is estimated to grow at twice that rate.

     

     

    RECENT TRENDS IN THE AUTOMOTIVE SEMICONDUCTOR MARKET

    • In September 2021, ROHM announced to development of the new SerDes ICs and PMIC primarily for vehicle satellite cameras in order to support the ADAS systems. These will help in lower power consumption, compact ADAS modules as well as low electromagnetic interference.
    • In July 2021, ON Semiconductor announced the development of a new AutoX’s Gen 5 self-driving platform for its image sensing and LiDAR technology. The generation 5 autonomous technology works based on 28 2D image sensors and the four 3D LiDAR sensors which enables the driverless robotaxi.
    • In July 2021, ON Semiconductor announced the development of a new silicon carbide-based MOSFET module which will be designed primarily for electric vehicles. These modules will reduce thermal resistance to reduce the temperature during operation which will be ideal for industrial applications. The features will include lower electromagnetic interference, higher power density, improved efficiency and less weight.
    • In June 2021, NXP Semiconductors announced the launch of their new S32 family system to be incorporated in the vehicle architecture S32R294 radar and S32G2 vehicle network processors. These processors are based on TSMC’s advanced 16 nm FinFET process which allows automobile manufacturers to build fully configurable and connected vehicles in the future which will include over the air updates, vehicle health management and secure cloud connectivity.
    • In January 2021, NXP Semiconductors announced the launch of a new AHPC development platform named BlueBox 3.0. The platform offers level 2+ autonomous driving safety, user-defined vehicles and evolves vehicle architecture to connected vehicle technology.
    • Robert Bosch GmbH launched semiconductor chips with built-in intelligence which are known as ASICs that work for a specific application. The company created SMA7xy MEMS sensors that signal airbags in vehicles for faster deployment.
    • Advanced Driver Assistance Systems are used to enhance the safety features in a vehicle by avoiding collisions and accidents. The technology alerts the driver of potential threats by offering to take control of the vehicle. Innovative semiconductor chips and electronic control units are used in ADAS to improve and enhance functions.

     

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    RECENT PARTNERSHIP IN THE AUTOMOTIVE SEMICONDUCTOR MARKET

    Stellantis N.V. and Hon Hai Technology Group signed a non-binding memorandum of understanding today to form a relationship with the goal of designing a family of purpose-built semiconductors for Stellantis and third-party clients. Allows Stellantis’ revolutionary STLA Brain design to take use of cutting-edge semiconductor technologies.

     

    Stellantis vehicle adoption and integration. Stellantis’ global semiconductor supply chain will be more stable thanks to this alliance. With Foxconn, they want to develop four new chip families that will cover more than 80% of our semiconductor requirements, allowing us to upgrade our components, reduce complexity, and streamline our supply chain.

     

    This collaboration was launched during Stellantis Software Day, during which the company unveiled STLA Brain, a novel electrical/electronic and software architecture that will be available in the near future.

     

    AUTOMOTIVE SEMICONDUCTOR MARKET COMPETITIVE LANDSCAPE

    • In September 2021, Infineon Technologies AG announced the opening of its new high-tech chip manufacturing unit in Austria. The factory is set to produce semiconductor chips and power electronic components on 300 mm thin wafers to enhance connected features in vehicles.
    • In July 2021, STMicroelectronics announced a partnership with startup Autobahn. The anchor partnership of Autobahn consists of major vendors and car brands that emphasise smart mobility for electric and autonomous connected vehicles.
    • Global Foundries is spending $ 1.4B in 2021 to increase the output in 3 of its factories in Germany, US and Singapore. The company is aiming for revenue growth of ~10% from $5.7 billion last year.
    • Bosch is setting up a automotive chip factory in Dresden, Germany. The plant is worth $1.2B. The new plant will produce sensor chips to be installed in electric and hybrid electric vehicles.
    • NXP Semiconductor – is one of the leading semiconductor companies which acquired Freescale Semiconductor in 2015 to become a giant in the industry. With a collaboration with Hella Aglaia recently, NXP semiconductors reported the highest profits in its automotive branch. This is clearly indicative of the demand and rise of the semiconductor industry.
    • In 2020, 44% of the NXP Semiconductors’ revenue is generating from the automotive segment i.e., $ 3.8B out of $ 8.6B revenue in 2020
    • Infineon Technologies AG – also acquired a company called International Rectifier in 2015, thereby improving it strength in this domain. This company currently is a strong player specifically in chips for Radar and ADAS sensors.
    • Texas Instruments – is an American pioneer in the semiconductor domain currently offering state of the art solution for Camera, Radar, Sensor fusion, Lidar and Ultrasound applications.
    • In 2020, Automotive segment accounted for 20% of the total Texas Instruments revenue i.e., $2.8B of $14.4B business.
    • Some of the other players in the semiconductor domain are NVIDIA, Toshiba Corporation, STMicroelctronics, Osram, etc.

     

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    THE WAY FORWARD IN AUTOMOTIVE SEMICONDUCTOR MARKET

    Semiconductors are turning out to be a vital part of the automotive future. It is gaining exceptional demand especially in areas related to automated driving, connected driving and electrification of drive trains.

     

    Many big players are continuously investing largely into the advancement of semiconductor technology. Although lots of progress is happening in this field, a lot about the compatibility and usability of these semiconductors for various automotive OEMs remain a good unanswered question.

     

    An in-depth study of the technology and the improvements required in the semiconductor technology can give valuable insights into the future of the semiconductor technology. At last, but not the least, it is obvious that semiconductors are the future of the automotive development and significant amount of developments are soon awaited!

     

    COMPANIES PROFILED

     

    THIS AUTOMOTIVE SEMICONDUCTOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Automotive Semiconductor Market size and Forecast, by region, by application
    2. Average B-2-B price for Automotive Semiconductor Market, by region, per user
    3. Technology trends and related opportunity for new Automotive Semiconductor Market tech suppliers
    4. Automotive Semiconductor Market share of leading vendors, by region,
    5. Coronavirus impact on Automotive Semiconductor Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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