Automotive Semiconductor Market Top Key Players - NXP Semiconductor, Infineon Technologies AG, Texas Instruments, NVIDIA , Toshiba Corporation, STMicroelctronics, Osram

The global automotive semiconductor market is estimated at $XX Billion in 2020 growing at –% CAGR till 2025. 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.

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.

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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.

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.

SEMICONDUCTOR 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.

AUTOMOTIVE SEMICONDUCTOR MARKET SEGMENTATION

In order to analyse the need and market for semiconductors in the automotive sector, it is essential to understand how the global automotive semiconductor market is segmented. Firstly, based on the type of the vehicle, the market can be categorized into Light Commercial Vehicle (LCV), Passenger car and Heavy Commercial Vehicle (HCV).

Based on the application of the semiconductor in the automotive space, it can be categorized into Powertrain, Body Electronics, Vehicle Safety, Chassis and Telematics and Infotainment.

Another significant factor based on which the semiconductor market can be categorized is the component where it is used, which are Processor, Sensor systems, Memory devices, Analog Integrated circuits, and Lighting devices, to name a few. Each of these sub segments find an appropriate and increasing need for semiconductors.

COMPETITIVE LANDSCAPE

• 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.

• 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

COMPANIES PROFILED

NXP Semiconductor
Infineon Technologies AG
Texas Instruments
NVIDIA
Toshiba Corporation
STMicroelctronics
Osram

Read More Information: https://mobilityforesights.com/product/automotive-semiconductor-market/

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