Automotive Semiconductor Market to Reach $113.94 Billion, Globally, by 2030 at 11.8% CAGR: Allied Market Research

Innovation in the automotive industry and rise in demand for safety functionalities in vehicles drive the global automotive semiconductor market growth.

News provided by

Allied Market Research

Dec 01, 2021, 04:30 ET

PORTLAND, Ore., Dec. 1, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, Memory and Others), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Propulsion Type (Internal Combustion Engine and Electric) and Application (Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global automotive semiconductor industry generated $37.99 billion in 2020, and is expected to garner $113.94 billion by 2030, witnessing a CAGR of 11.8% from 2021 to 2030.

Drivers, restraints, and opportunities

Rapid developments in the automotive industry, surge in demand for safety features in automobiles, and intervention of innovative technologies for advanced user interface (UI) drive the growth of the global automotive semiconductor market. However, operational failures in extreme climatic conditions and high initial cost & complex structure hinder the market growth. On the other hand, increase in demand for electric and hybrid vehicles and technological advancements and innovation in advanced driver assistance system (ADAS) technology present new opportunities in the coming years.

Download Report (254 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/14846

Covid-19 Scenario

Manufacturing facilities in the electronics and semiconductors industry have been shut down due to lockdown measures, lack of sufficient workforce, and disruptions in supply chain across the globe. This led to reduced production volumes of semiconductors that can be used in the automotive sector.
The demand of various components such as processors, sensors, and others in production of vehicles such as passenger cars, light commercial vehicles, and heavy commercial vehicles decreased significantly due to stoppage of production activities during the lockdown. However, the demand is expected to recover post-lockdown.
Market players have been revising their business strategies to ensure business continuity and adopting quick response strategies to maintain the supply chain.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/14846

The passenger car segment to continue its lead position throughout the forecast period

Based on vehicle type, the passenger car segment contributed to the highest share in 2020, accounting for nearly four-fifths of the global automotive semiconductor market, and is estimated to continue its lead position throughout the forecast period. This is attributed to increased sales volume of passenger cars across the globe. However, the light commercial vehicle segment is estimated to manifest the highest CAGR of 13.9% from 2021 to 2030. This is due to increased application of advanced technologies in LCVs worldwide.

The telematics and infotainment segment to maintain its dominance during the forecast period

Based on application, the telematics and infotainment segment accounted for the highest share in 2020, contributed to nearly one-third of the global automotive semiconductor market, and is expected to maintain its dominance during the forecast period. Moreover, this segment is estimated to portray the fastest CAGR of 14.0% from 2021 to 2030. This is due to increased utilization in vehicles with changes in user preferences. The research also analyzes the segments including powertrain, safety, chassis, and body electronics.

Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/14846

North America accounted for the highest revenue share in 2020

Based on region, North America accounted for the highest market share in 2020, contributing to around two-fifths of the global automotive semiconductor market. This is due to increased production and sales of automotive vehicles that are equipped with advanced components & features including telematics, ADAS, and in-vehicle connected services. However, Europe is projected to contribute to the highest share in terms of revenue by 2030. On the other hand, Asia-Pacific is expected to witness the fastest CAGR of 15.9% during the forecast period. This is attributed to development of advanced vehicle-based technologies across the Asian countries.

Leading market players

Analog Devices, Inc.
Infineon Technologies AG
Micron Technology
NXP Semiconductors N.V.
On Semiconductor Corp.
Renesas Electronics Corp.
Robert Bosch GmbH
ROHM Co., Ltd.
STMicroelectronics N.V.
Texas Instruments, Inc.

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/14846

Similar Reports We Have on Similar Reports on Automotive Industry:

Automotive Microcontroller Market by Application (Powertrain & Chassis, Safety & Security, Body Electronics and Telematics & Infotainment), Technology (Park Assist System, Blind Spot Detection System, Adaptive Cruise Control, and Tire Pressure Monitoring System), and Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2019–2030.

High-Speed Biometric and Microchip Ticketing System Market by Application (Bus, Toll, Train, and Car Rental), Component (Hardware, and Software), and Technology Platform (Smart Card, Near Field Communications, Optical Character Recognition (OCR), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive eSIM Market by Solution (Hardware and Connectivity Services), Application (Connected Car, Remote Connectivity, and Internet Connectivity), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Biometric Market by Technology (Fingerprint Scan, Voice Recognition, Face Recognition, and Others) and Vehicle Type (Passenger Car and Commercial Vehicle) - Global Opportunity Analysis and Industry Forecast, 2018-2030.

Battery Management System Market by Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel-Based, and Others), Topology (Centralized, Distributed, and Modular), and Application (Automotive, Telecommunication, Consumer Electronics, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Automotive Safety Electronics Market by Component (Electronic Control Unit, Sensors, Current Carrying Devices, and Other), Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket), and Application (ADAS, Infotainment, Body Electronics, Safety Systems, and Powertrain Electronics): Global Opportunity Analysis and Industry Forecast, 2021–2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]