The Automotive Semiconductor Chip Market size was valued at USD 3.64 billion in 2023 and is expected to grow to USD 38.60 billion by 2032 and grow at a CAGR of 30 % over the forecast period of 2024-2032.
The adoption of electric vehicles (EVs), autonomous driving technology, and connected automobiles has led to a steady rise in the demand for automotive semiconductor chips over the years. The market has grown even more due to the increased consumer expectations for sophisticated safety and convenience features in cars. Several important firms dominate the business, and the market is fiercely competitive. Among them are companies that produce semiconductors, including Intel, NXP Semiconductors, Renesas Electronics, Infineon Technologies, Texas Instruments, STMicroelectronics, and Qualcomm. In addition, there are specialized chip vendors for the automobile industry like NVIDIA and Mobileye (an Intel business), which concentrate on particular automotive applications.
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KEY DRIVERS:
Rising vehicle electrification
Advanced driver-assistance systems (ADAS)
Adaptive cruise control, lane departure warning, autonomous emergency braking, and parking assist are just a few of the ADAS technologies that are rapidly being adopted by the automobile industry. For sensing, processing, and decision-making, these systems rely significantly on semiconductor chips, which has resulted in high demand for automotive semiconductor chips.
RESTRAIN:
Miniaturization and integration
Electronic systems and features are becoming more prevalent
Demand entertainment and comfort amenities
Demand for in-vehicle entertainment and comfort amenities is rising. Consumers are giving in-vehicle entertainment and comfort elements more consideration. This covers touchscreens, multimedia systems, entertainment for the backseat, and cutting-edge HMIs. For networking, audio/video processing, and graphics processing, these features need semiconductor chips.
OPPORTUNITY:
Connected Cars
Vehicle electrification
Vehicle electrification is also occurring with conventional internal combustion engine vehicles thanks to the development of hybrid powertrains, in addition to electric automobiles. For energy efficiency, motor control, and power management in hybrid vehicles, semiconductor chips are used. Manufacturers of semiconductor chips can take advantage of chances to offer solutions for hybrid systems as the trend towards electrifying vehicles continues.
CHALLENGES:
Long development and production cycles
Compliance with regulations and safety standards
The automotive sector must adhere to strict regulations and safety standards. Automotive-specific requirements, such as those concerning functional safety (ISO 26262) and electromagnetic compatibility (EMC), must be complied with when using semiconductor chips. Chip makers face a problem in maintaining compliance with these standards while keeping up with technological development.
Some uncertainties have been added to the semiconductor supply chain and automotive demand as a result of Russia's invasion of Ukraine. For instance, Russia provides 25 to 30 percent of the world's palladium, a rare metal needed in semiconductors, while Ukraine provides 25 to 35 percent of the world's purified neon gas. Another issue is that a lot of semiconductors are shipped by air, yet shipping rates have climbed dramatically while the volume that can be shipped has decreased. Another issue is that OEMs have lowered production quantities as a result of their inability to procure crucial vehicle components, like wiring harnesses, which has increased uncertainty by lowering demand for some semiconductor-based components.
IMPACT OF ONGOING RECESSION
In the modern era, semiconductor chips are a common component. The pandemic, unusual weather, and geopolitical tensions, such as the Russia-Ukraine war, all interacted to disrupt supply lines, exposing the weak networks supporting the semiconductor sector. Extreme weather conditions and geopolitics are likely to persist, although the pandemic's impact on the market is not anticipated to remain long. The drop in semiconductor stocks in 2022 was mostly caused by the complicated supply situation, high-interest rates, and the prolonged recession. According to a Gartner report, the top 10 OEMs will cut their chip spending by 7.6% in 2022. The demand for PCs and smartphones fell significantly in 2022 as a result of inflationary and deflationary forces, which affected worldwide manufacturers.
Fears in the business are predicated on widespread worries about a build-up of chip inventory during the pandemic. These worries about the recent and ongoing global recession, as well as the declining demand for electronics and data center servers, alarm chipmakers, and their OEM buyers.
By Chip Type
Microprocessor Chip
Interface Chip
Memory Chip
Others
By Vehicle Type
Passenger Automobiles
Light Trucks
Motorcycles
Scooters
Three-wheelers
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With new factories being added in Vietnam and elsewhere, semiconductor packaging will be handled in the near future in India. Taiwan will continue to produce a sizable amount of semiconductor wafers (68% of all semiconductors and 90% of advanced chips).
Due to this, the semiconductor industry will continue to be vulnerable to local "single source" attacks as fabrication expansion in Europe, Canada, and the USA develops over several years.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major market players listed in the Automotive Semiconductor Chip Market report are Ford, GM, Honda, Hyundai-Kia, Nissan, Renault-Nissan-Mitsubishi, Stellantis, Tesla, Toyota, Volkswagen, and other players listed in the final report.
Hyundai-Kia-Company Financial Analysis
The use of SiC substrates is anticipated to increase more quickly than that of silicon and gallium arsenide (GaAs)/sapphire substrates, according to market research firm Yole, despite the automotive semiconductor chip market growing at a moderate compound annual growth rate of 11.1% to $80 billion in 2027. This is despite the fact that silicon chip shortages are limiting automotive production.
The creation of semiconductor products, as well as fields of The company's expanding breadth, demonstrates its commitment to routinely providing customers throughout the world with high-quality and dependable semiconductor components.
| Report Attributes | Details |
| Market Size in 2023 | USD 3.64 Bn |
| Market Size by 2032 | USD 38.60 Bn |
| CAGR | CAGR of 30 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Chip Type (Microprocessor Chip, Interface Chip, Memory Chip, Others) • By Vehicle Type (Passenger Automobiles, Light Trucks, Motorcycles, Scooters, and Three-Wheelers) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Ford, GM, Honda, Hyundai-Kia, Nissan, Renault-Nissan-Mitsubishi, Stellantis, Tesla, Toyota, Volkswagen |
| Key Drivers | • Rising vehicle electrification • Advanced driver-assistance systems (ADAS) |
| Market Restraints | • Miniaturization and integration • Electronic systems and features are becoming more prevalent • Demand entertainment and comfort amenities |
Ans: Automotive Semiconductor Chip Market is anticipated to expand by 30% from 2023 to 2030.
Ans: The Automotive Semiconductor Chip Market size is reachat USD 38.60 Bn by 2032.
Ans: Automotive Semiconductor Chip Market size was valued at USD USD 3.64 billion in 2023
Ans: Long development and production cycles, Compliance with regulations and safety standards.
Ans: Miniaturization and integration, Electronic systems and features are becoming more prevalent, Demanding entertainment and comfort amenities.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Automotive Semiconductor Chip Market Segmentation, By Chip Type
8.1 Microprocessor Chip
8.2 Interface Chip
8.3 Memory Chip
8.4 Others
9. Automotive Semiconductor Chip Market Segmentation, By Vehicle Type
9.1 Passenger Automobiles
9.2 Light Trucks
9.3 Motorcycles
9.4 Scooters
9.5 Three-Wheelers
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1.1 North America Automotive Semiconductor Chip Market by Country
10.2.1.2 North America Automotive Semiconductor Chip Market by Chip Type
10.2.1.3 North America Automotive Semiconductor Chip Market by Vehicle Type
10.2.4 USA
10.2.4.1 USA Automotive Semiconductor Chip Market by Chip Type
10.2.4.2 USA Automotive Semiconductor Chip Market by Vehicle Type
10.2.5 Canada
10.2.5.1 Canada Automotive Semiconductor Chip Market by Chip Type
10.2.5.2 Canada Automotive Semiconductor Chip Market by Vehicle Type
10.2.6 Mexico
10.2.6.1 Mexico Automotive Semiconductor Chip Market by Chip Type
10.2.6.2 Mexico Automotive Semiconductor Chip Market by Vehicle Type
10.3 Europe
10.3.1 Europe Automotive Semiconductor Chip Market by Country
10.3.2 Europe Automotive Semiconductor Chip Market by Chip Type
10.3.3 Europe Automotive Semiconductor Chip Market by Vehicle Type
10.3.4 Germany
10.3.4.1 Germany Automotive Semiconductor Chip Market by Chip Type
10.3.4.2 Germany Automotive Semiconductor Chip Market by Vehicle Type
10.3. UK
10.3.5.1 UK Automotive Semiconductor Chip Market by Chip Type
10.3.5.2 UK Automotive Semiconductor Chip Market by Vehicle Type
10.3.6 France
10.3.6.1 France Automotive Semiconductor Chip Market by Chip Type
10.3.6.2 France Automotive Semiconductor Chip Market by Vehicle Type
10.3.7 Italy
10.3.7.1 Italy Automotive Semiconductor Chip Market by Chip Type
10.3.7.2 Italy Automotive Semiconductor Chip Market by Vehicle Type
10.3.8 Spain
10.3.8.1 Spain Automotive Semiconductor Chip Market by Chip Type
10.3.8.2 Spain Automotive Semiconductor Chip Market by Vehicle Type
10.3.9 The Netherlands
10.3.9.1 Netherlands Automotive Semiconductor Chip Market by Chip Type
10.3.9.2 Netherlands Automotive Semiconductor Chip Market by Vehicle Type
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Automotive Semiconductor Chip Market by Chip Type
10.3.10.2 Rest of Europe Automotive Semiconductor Chip Market by Vehicle Type
10.4 Asia-Pacific
10.4.1 Asia Pacific Automotive Semiconductor Chip Market by Country
10.4.2 Asia Pacific Automotive Semiconductor Chip Market by Chip Type
10.4.3 Asia Pacific Automotive Semiconductor Chip Market by Vehicle Type
10.4.4 Japan
10.4.4.1 Japan Automotive Semiconductor Chip Market by Chip Type
10.4.4.2 Japan Automotive Semiconductor Chip Market by Vehicle Type
10.4.5 South Korea
10.4.5.1 South Korea Automotive Semiconductor Chip Market by Chip Type
10.4.5.2 South Korea Automotive Semiconductor Chip Market by Vehicle Type
10.4.6 China
10.4.6.1 China Automotive Semiconductor Chip Market by Chip Type
10.4.6.2 China Automotive Semiconductor Chip Market by Vehicle Type
10.4.7 India
10.4.7.1 India Automotive Semiconductor Chip Market by Chip Type
10.4.7.2 India Automotive Semiconductor Chip Market by Vehicle Type
10.4.8 Australia
10.4.8.1 Australia Automotive Semiconductor Chip Market by Chip Type
10.4.8.2 Australia Automotive Semiconductor Chip Market by Vehicle Type
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Automotive Semiconductor Chip Market by Chip Type
10.4.9.2 APAC Automotive Semiconductor Chip Market by Vehicle Type
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Automotive Semiconductor Chip Market by Country
10.5.2 The Middle East & Africa Automotive Semiconductor Chip Market by Chip Type
10.5.3 The Middle East & Africa Automotive Semiconductor Chip Market by Vehicle Type
10.5.4 Israel
10.5.4.1 Israel Automotive Semiconductor Chip Market by Chip Type
10.5.4.2 Israel Automotive Semiconductor Chip Market by Vehicle Type
10.5.5 UAE
10.5.5.1 UAE Automotive Semiconductor Chip Market by Chip Type
10.5.5.2 UAE Automotive Semiconductor Chip Market by Vehicle Type
10.5.6 South Africa
10.5.6.1 South Africa Automotive Semiconductor Chip Market by Chip Type
10.5.6.2 South Africa Automotive Semiconductor Chip Market by Vehicle Type
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia Automotive Semiconductor Chip Market by Chip Type
10.5.7.2 Rest of Middle East & Asia Automotive Semiconductor Chip Market by Vehicle Type
10.6 Latin America
10.6.1 Latin America Automotive Semiconductor Chip Market by Country
10.6.2 Latin America Automotive Semiconductor Chip Market by Chip Type
10.6.3 Latin America Automotive Semiconductor Chip Market by Vehicle Type
10.6.4 Brazil
10.6.4.1 Brazil Automotive Semiconductor Chip Market by Chip Type
10.6.4.2 Brazil Africa Automotive Semiconductor Chip Market by Vehicle Type
10.6.5 Argentina
10.6.5.1 Argentina Automotive Semiconductor Chip Market by Chip Type
10.6.5.2 Argentina Automotive Semiconductor Chip Market by Vehicle Type
10.6.6 Rest of Latin America
10.6.6.1 Rest of Latin America Automotive Semiconductor Chip Market by Chip Type
10.6.6.2 Rest of Latin America Automotive Semiconductor Chip Market by Vehicle Type
11. Company Profile
11.1 Ford
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 GM
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Honda
11.4.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Hyundai-Kia
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Nissan
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Renault-Nissan-Mitsubishi
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Stellantis
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Tesla
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Toyota
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Volkswagen
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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