Automotive Semiconductor Market Overview, Size, Share Opportunities and Challenges By Major Players like NVidia, Intel, NXP Semiconductors, Infineon Technologies and Rohm Semiconductor

The latest market study on "Automotive Semiconductor Market to 2027 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) - Global Analysis and Forecast", the automotive semiconductor market is estimated to reach US$ 76.93 Bn by 2027 from US$ 34.89 Bn in 2017. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

Pertaining to the fact of the increase in vehicular accidents, the manufacturers of automotive along with their technology partners has introduced several technologies, which has benefited the industry at a large scale. The demand for modernization of vehicles equipped with advanced technologies has led the technology companies to innovate and design systems/technologies including advanced driver assistance systems, anti-lock braking systems, traction control and adaptive cruise control, and electronic stability control. With an uninterrupted up-gradation in existing technologies and the introduction of new technologies, the ADAS market has experienced high growth across the globe. The newer versions of ADAS provided by various companies are capable of recognizing police vehicles, ambulances, taxis, speed restrictions board, and pedestrians. The discerning capability is attracting an increased number of automotive OEMs in the recent scenario, and the adoption of the same is rising substantially.

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Some of the major companies providing ADAS include NVIDIA Corporation, Toshiba Electronic Devices & Storage Corporation, Robert Bosch GmbH, Continental AG, and others. In respect to this fact, many several semiconductor companies are regularly coming up with more advanced technologies which are successfully attracting automotive OEMs. The automotive semiconductor market is projected to observe significant growth in the coming years, with an urge to adopt and deploy advanced driver assistance systems in their vehicles due to heavily propelled by consumer interest and regulatory norms. For instance, the regulatory authorities in the US and European Union (EU), have mandated the integration of autonomous emergency braking systems along with forward-collision warning systems in all vehicles by 2020.

The global automotive semiconductor market is segmented on the basis of vehicle type which is fragmented into passenger cars, light commercial, and heavy commercial vehicles. The passenger car is leading the market for automotive semiconductors followed by light commercial vehicles and heavy commercial vehicles. In a current scenario, passenger cars are having a high market share owing to the fact of the increase in usage among individuals and other masses driven by the continuous increase in disposable income among the populations in developed countries as well as developing countries. The segment of passenger cars is undertaken substantial technological advancements year on year, as a result of changes in consumer preferences, the emergence of new technologies, and governmental rules and regulation for environment safety related to a reduction in emission and other factors. Moreover, with the emergence in both electric vehicles and hybrid electric vehicles, these cars require an enormous quantity of several types of semiconductors, which facilitates manufacturers of semiconductors to boost their business, and eventually drive the automotive semiconductor market.

In addition to this, an increase in the number of contractual alliances, agreements, or partnerships among the makers of passenger cars and semiconductor manufacturers with a purpose to combine unique semiconductor technologies, is positively impacting on the continuous growth of the automotive semiconductor market in a current scenario. For instance, ON Semiconductor and Audi AG has entered into a partnership with an aim to innovate and develop semiconductor technologies for Audi’s upcoming vehicles. Similarly, NVIDIA Corporation and VOLVO partnered to improve the safety of their vehicles using NVIDIA DRIVE. However, heavy commercial vehicles is anticipated to grow at the highest CAGR.

Continuous Partnership of Automotive OEMs with Semiconductor Manufacturers is Capitalizing the Market

The automotive industry across the globe is 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 the automotive industry. Attributing to this, 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.

The Prominent/Emerging Players In The Automotive Semiconductor Market Research Include:

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 Automotive Semiconductor Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

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The Automotive Semiconductor Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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