Semiconductor Devices Market for Electric Vehicles - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

Semiconductor Devices Market for Electric Vehicles is segmented by Vehicle Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), Component (Analog, Memory, Discrete, Logic), Application (Powertrain, Chassis and Safety, Infotainment and Telematics, Body and Convenience, Advanced Driver Assistance Systems), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Semiconductor Devices Market for Electric Vehicles - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

Electric Vehicles Semiconductor Devices Industry Overview

The semiconductor devices market for electric vehicles is highly competitive, with many local and international players active. With the market expected to broaden and yield more opportunities, more players are expected to enter the market soon. The key players in the market studied include STMicroelectronics, Renesas Electronics, and Texas Instruments, among others. These major players have adopted various growth strategies, such as new product launches, mergers and acquisitions, expansions, partnerships, joint ventures, and others, to strengthen their position in this market.

  • October 2022 - STMicroelectronics released new microcontrollers (MCUs) for electrified vehicles that utilize domain-oriented, over-the-air updatable systems and electrified drivetrains.
  • May 2022 - Hitachi Energy announced the launch of RoadPak, its pioneering power semiconductor module for electric vehicles. It is a compact module that uses silicon carbide (SiC) technology to achieve exceptional power density levels for faster charging, reliability over the vehicle's lifetime, and least power losses for the longest possible driving range.

Electric Vehicles Semiconductor Devices Market Leaders

  1. Infineon Technologies

  2. STMicroelectronics

  3. NXP Semiconductors

  4. Texas Instruments

  5. Renesas Electronic

  6. *Disclaimer: Major Players sorted in no particular order
Electric Vehicles Semiconductor Devices Market Concentration

Semiconductor Devices Market for Electric Vehicles Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?