Automotive Semiconductor Market to Reach USD 77.76 Billion by 2030 | DataM Intelligence

The Global Automotive Semiconductor Market was valued at USD 43.26 billion in 2022 and is projected to reach USD 77.76 billion by 2030, growing at a CAGR of 8.1% from 2023 to 2030, according to DataM Intelligence. The market growth is propelled by the increasing penetration of semiconductor components across luxury and mass-produced vehicles, rising adoption of electronic control units (ECUs), and greater emphasis on automotive safety and fuel efficiency standards.

The growing demand for electric and hybrid vehicles (EVs and HEVs) and advanced features such as ADAS (Advanced Driver Assistance Systems), telematics, and infotainment is expanding the use of high-performance automotive semiconductors. Furthermore, continuous innovation in connectivity, automation, and electrification of vehicles is reshaping the semiconductor ecosystem globally.

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Key Highlights from the Report

➤ The global automotive semiconductor market expected to grow at a CAGR of 8.1% (2023-2030).
➤ Market value to reach USD 77.76 billion by 2030 from USD 43.26 billion in 2022.
➤ Asia Pacific dominated the market in 2022 with a share of over 45%, led by China and Japan.
➤ Discrete power components represented the largest segment, contributing 28% market share.
➤ Passenger vehicles accounted for more than 66% of total automotive semiconductor demand.
➤ Body electronics emerged as the top application segment, representing over 23% share in 2022.

Market Segmentation

The global market is segmented by component, vehicle type, and application, each contributing significantly to overall growth.

Component Insights

The discrete power segment accounted for more than 28% of revenue in 2022, driven by advanced electronics integration for vehicle electrification and mobility efficiency. The segment is projected to expand at 10.9% CAGR during the forecast period, supported by innovations like Magnachip's 40V MOSFET for Brushless Direct Current (BLDC) motors. The memory devices segment is also expanding, driven by increasing demand for IGBT and MOSFET components in electric vehicles.

Vehicle Type Insights

Passenger vehicles led the market with over 66% share in 2022, supported by strong demand for infotainment, safety, and connectivity systems. Light commercial vehicles are expected to grow steadily, benefiting from supply chain expansion and government initiatives such as the U.S. CHIPS Act (2022) aimed at strengthening domestic semiconductor production and technology research.

Application Insights

The body electronics segment dominated application demand with more than 23% share in 2022, reflecting the increasing integration of comfort and safety systems such as power windows, climate control, and ADAS. Meanwhile, telematics and infotainment systems are projected to demonstrate the fastest CAGR due to the rising popularity of connected, semi-autonomous, and electric vehicles.

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Regional Insights

Asia Pacific commanded more than 45% of the global automotive semiconductor market in 2022 and is expected to register a robust CAGR of 9.6% through 2030. This growth is attributed to the rapid expansion of the automotive, e-commerce, and logistics industries in China, India, and Japan, which are driving commercial vehicle production and semiconductor utilization.

Europe is set to record the second-fastest growth rate of over 7.2%, led by Germany's strong production ecosystem and aggressive investment in semiconductor facilities. For instance, in February 2023, Infineon Technologies AG announced a USD 5.35 million semiconductor manufacturing facility to boost automotive supply in Europe.

Market Dynamics

Market Drivers
Rising adoption of ECUs, electric vehicle deployment, and the integration of autonomous and connected systems across vehicles are fueling semiconductor demand. Increasing regulations on safety and emissions also strengthen the shift toward intelligent automotive electronics.

Market Restraints
Supply chain disruptions, including volatile raw material availability and geopolitical tensions such as the Russia-Ukraine conflict, have impacted chip production. The shortage of critical gases like neon continues to challenge production capacity globally.

Market Opportunities
The growing uptake of EVs and hybrid cars, supported by national decarbonization goals and government incentives, presents major opportunities. Technological advancements in ADAS, battery management, and infotainment systems are opening new avenues for semiconductor manufacturers.

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Reasons to Buy the Report

✔ Gain insights into the fastest-growing automotive semiconductor segments and applications.
✔ Identify key regional trends and investment opportunities shaping the global market.
✔ Explore technological innovations that are redefining electric and connected vehicle manufacturing.
✔ Understand competitive positioning of leading semiconductor manufacturers.
✔ Access DataM Intelligence's in-depth market forecasts, profiles, and strategic recommendations.

Frequently Asked Questions (FAQs)

◆ How big is the global automotive semiconductor market in 2025?
◆ What is the projected CAGR of the automotive semiconductor market?
◆ Who are the leading players in the global automotive semiconductor industry?
◆ Which region dominates the global market growth?
◆ What are the major application areas driving demand for automotive semiconductors?

Company Insights
Analog Devices, Inc.

Infineon Technologies AG

NXP Semiconductors

Renesas Electronics Corporation

Robert Bosch GmbH

ROHM CO., LTD.

Semiconductor Components Industries, LLC

STMicroelectronics

Texas Instruments Incorporated

TOSHIBA CORPORATION

Recent Developments:

In February 2023, NXP Semiconductors expanded production of its high-performance S32R41 radar processors to cater to Level 2+ autonomous driving systems and advanced driver assistance systems (ADAS).

In March 2023, Renesas Electronics Corporation introduced the R9A06G150 RISC-V MCU engineered for human-machine interface systems, enabling cost-effective and energy-efficient automotive designs.

Conclusion

The Automotive Semiconductor Market is poised for sustained expansion through 2030 as vehicles evolve into smarter, more electrified, and connected systems. The convergence of ADAS, connectivity, and electrification is reshaping the value chain while spurring innovation across power, memory, and sensor technologies. Backed by strategic government support, major investments, and expanding EV production, the market is set to remain a critical enabler of the global mobility transformation.

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This release was published on openPR.