How big is the Automotive Semiconductor Market?

The Automotive Semiconductor Market size is expected to reach USD 72.71 billion in 2024 and grow at a CAGR of 11.14% to reach USD 123.27 billion by 2029. Read More

What is the current Automotive Semiconductor Market size?

In 2024, the Automotive Semiconductor Market size is expected to reach USD 72.71 billion. Read More

Who are the key players in Automotive Semiconductor Market?

NXP Semiconductor NV, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics NV and Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation) are the major companies operating in the Automotive Semiconductor Market. Read More

Which is the fastest growing region in Automotive Semiconductor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Semiconductor Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Semiconductor Market. Read More

What years does this Automotive Semiconductor Market cover, and what was the market size in 2023?

In 2023, the Automotive Semiconductor Market size was estimated at USD 64.61 billion. The report covers the Automotive Semiconductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the factors driving the Automotive Semiconductor Market?

The key factors driving the Automotive Semiconductor Market are a) Increasing demand for advanced driver-assistance systems (ADAS) b) Growing demand for electric vehicles c) Increasing comfort and safety features in cars Read More

What are the factors driving the Automotive Semiconductor Market?

The key factors driving the Automotive Semiconductor Market are a) Increasing demand for advanced driver-assistance systems (ADAS) b) Growing demand for electric vehicles c) Increasing comfort and safety features in cars Read More

Automotive Semiconductor Market Share & Companies

Automotive Semiconductor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Automotive Semiconductor Market Report Covers Top Automotive Semiconductor Companies and is Segmented by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), Component (Processors, Sensors, Memory Devices, Integrated Circuits, Discrete Power Devices, and RF Devices), Application (Chassis, Power Electronics, Safety, Body Electronics, Comfort/Entertainment Unit, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Latina America, and Middle East & Africa). The Report Offers the Market Size in Value Terms in USD for all the Above Mentioned Segments.

Automotive Semiconductor Industry Overview

The market studied fluctuates due to growing consolidation, technological advancement, and geopolitical scenarios. With the rising vertical integration of IDMs and foundries, the intensity of competition in the market is expected to increase, considering their ability to invest, which results from their revenues.

In a market where the sustainable competitive advantage through innovation is considerably high, the competition is likely to increase, considering the anticipated surge in demand from various automotive firms.

In such a situation, brand identity plays a major role, considering the importance of quality that the automotive firms expect from a semiconductor manufacturing player. The market penetration levels are also high with the presence of large market incumbents, such as NXP Semiconductor NV, Infineon Technologies AG, MediaTek Renesas Electronics Corporation, and Texas Instrument Inc..

February 2024: Infineon Technologies AG announced that Infineon and Honda Motor Co. Ltd signed a memorandum of understanding (MoU) to build a strategic collaboration. Honda selected Infineon as a semiconductor partner to align future product and technology roadmaps. The two companies agreed to continue discussions on supply stability and encourage the transfer of mutual knowledge and collaboration on projects to accelerate the time-to-market technologies.
November 2023: NXP Semiconductors NV announced the investment in and collaboration with Zendar Inc., a software start-up dedicated to revolutionizing autonomous vehicle systems with high-resolution radar. The investment accelerated and improved high-resolution radar solutions for advanced driver assistance systems (ADAS) and autonomous driving (AD) to complement NXP’s leading scalable radar portfolio.
November 2023: Renesas Electronics Corporation laid out plans for its next-generation microcontrollers (MCUs) and system-on-chips (SoCs), targeting all significant applications across the automotive digital domain. The company shared its plans for two forthcoming MCU product advancements in the next-generation R-Car family. One is a recent crossover MCU series that delivers the high performance required for domain and zone electronic control units (ECU) in next-generation E/E automobile architectures. Secondly, the group plans to introduce a separate MCU platform tailored to the vehicle control market.