Automotive Semiconductor Market Growing Massively by 2021-2025 Major Players: NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, Toshiba Corporation

Market Insights Reports delivers key insights on the Automotive Semiconductor market in its latest report titled, “Automotive Semiconductor Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global automotive semiconductor market was valued at USD 48.13 billion in 2019 and is expected to reach a value of USD 129.17 billion by 2025 at a CAGR of 17.9 % over the forecast period of 2020 to 2025.

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Top Key Players in the Global Automotive Semiconductor Market: NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V., Toshiba Corporation, Texas Instrument Inc, Robert Bosch GmbH, Micron Technology, ON Semiconductor Corporation, ROHM Co. Ltd, and Others.

Industry News and Update:

- In April 2020, NXP Semiconductors announced the availability of a comprehensive Wi-Fi 6 (802.11ax) portfolio, which significantly expands the number of products and markets able to adopt the latest Wi-Fi standards. NXP’s expanded Wi-Fi 6 portfolio represents the company’s new end-to-end vision and differentiated technology approach that is designed to help usher in an era of connectivity innovation for automotive, access, mobile and Industrial and IoT markets.

- In March 2020, STMicroelectronics launched its first STM32L5 microcontroller with ultra-low power consumption and data security for IoT. The STM32L5 series MCU has a clock frequency of up to 110MHz and is based on the Arm Cortex-M33 32-bit RISC processor core with built-in Arm Trust Zone hardware security technology.

Key Market Trends:

Rising Demand for Advanced Safety and Comfort Systems to Influence the Growth of the Market

- Owing to rising demand for safety features designed to avoid collisions and accidents by offered technologies that alert the driver to potential problems and to avoid collisions by implementing safeguards and taking over control of the vehicle, ADAS (Advanced Driver Assistance Systems) sales are expected to flourish in the future. Semiconductors find their application in ADAS to enhance its functionality.

- Higher volumes of data are driving the adoption of 64-bit processors for automotive ADAS applications. The shift from a distributed architecture to a more centralized ECU is more prevalent. Since the ECUs are integrated, the ADAS SoCs (System on Chips) is becoming very complicated, thereby requiring the innovative semiconductor features and semiconductor process technologies.

- Moreover, the growth in the automotive industry, coupled with the developing features in the luxury sector, has led to a rise in the number of sensors being integrated into the automobiles to provide more advanced services to the consumers and thus now the companies need to comply with the safety regulations even more as compared to earlier.

- The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. Increasing demand from customers for automatic control of operations and information regarding a vehicle's status has led to increased emphasis on maintaining safety. Similarly, government support for the utilization of alternative fuels has led to an increase in the demand for the automotive semiconductor market in the forecasted period.

Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2025 forecasted, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.

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Asia-Pacific to Witness Highest Growth Rate

- Faster GDP growth and the highly aspirational Asian consumers have been the two main growth drivers for most of the emerging markets, including China, India, Malaysia, and the other developing markets in Southeast Asia. In China, for example, a rising middle class is expected to continue driving the steady growth of the Chinese auto market, with the market for new purchases and replacement of vehicles increasing. These factors are spurring the demand for automobiles in the region, consequently driving the market for automotive semiconductors.

- The growth of the electric vehicle market in the region is associated majorly with the production of the electric motors for automotive applications in countries like India and China. According to the CAAM, in 2019, The People's Republic of China remained the world's largest electric car market, followed by Europe and the United States. In 2019, around 972,000 battery electric vehicles were sold, and 232,000 plug-in hybrid electric vehicles were sold in China. The Indian electric vehicle market will, however, eventually catch upto China due to the growing local economy, which is partly driven by the national economic transformation program called "Make in India. The ever increasing government regulations in favor of the electric vehicles market globally is also a significant factor for market growth over the forecast period. For instance, in India, according to the NITI Aayog projected umber of two-wheeler electric vehicles in 2020 was 7.35 million, which is expected to grow to 26.52 million in 2030.

This Automotive Semiconductor Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place                   

Customization of this Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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