Automotive Semiconductors Market Scope
Automotive Semiconductors are one type of electronics, which is used in vehicles for ignition, telematics, in-vehicle safety, engine management, in-vehicle media & entertainment systems, and many more. The stringent regulations of government towards the safety and customers’ inclination for automotive connectivity are expected to boost the automotive semiconductors market. However, the new product launch, product developments, development of innovative technologies, and partnerships in the domain are expected to lift up the market.
|Unit||Value (USD Million)|
|Key Companies Profiled||Infineon (Germany), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Taiwan Semiconductor Manufacturing Company – TSMS (Taiwan), Delta Electronics (Taiwan), SK Hynix (South Korea), Toshiba (Japan), Qualcomm (United States), Samsung Electronics (South Korea) and STMicroelectronics (Switzerland)|
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Japan, Taiwan, South Korea Players will contribute to the maximum growth of Global Automotive Semiconductors market throughout the predicted period.
Infineon (Germany), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Taiwan Semiconductor Manufacturing Company – TSMS (Taiwan), Delta Electronics (Taiwan), SK Hynix (South Korea), Toshiba (Japan), Qualcomm (United States), Samsung Electronics (South Korea) and STMicroelectronics (Switzerland) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Automotive Semiconductors market by Type , by Application (Automotive connectivity, Body & comfort, Powertrain & vehicle dynamics, Functional safety & automotive security, Infotainment & in-vehicle experience, Gateway and ADAS system) and Region with country level break-up.
On the basis of geography, the market of Automotive Semiconductors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2020.
Market Leaders and their expansionary development strategiesIn January 2018, Qualcomm partnered with Jaguar Land Rover to bring advanced connectivity to the next generation vehicles. This partnership will help Jaguar Land Rover to meet the increasing demand for seamless in-vehicle connected experience by using the Qualcomm snapdragon 820Am automotive platform. The solution will offer ultra-quick and efficient connectivity throughout the vehicle by integrating 4G LTE Advanced, Wi-Fi, and Bluetooth technologies.
In November 2020, the global electronic semiconductor manufacturer NXP Semiconductors introduced a power management IC FS26 to provide scalable system control and simplified safety implementation. The combination of FS26 and MCUs from NXP will offer safety solutions for automotive body electronics, electrification, battery management, emerging zone controllers, and general purpose body and safety applications.
Automotive Semiconductors Market Dynamics:
|Trends Influencing Market|
- The Increasing Use of Various Technologies Such As ADAS, Powertrain, and Many More to Offer Enhanced Safety in The Vehicle and The Growth of Autonomous Driving.
- Increasing Price of Materials by The OEMs Due To The Economic Slowdown to Restrain.
- The Shortage of Semiconductors and US-China Trade War Will Create the Challenges
- Evolution of Electronic Vehicles (EVs) and Connected Vehicles Has Potential to Create Many Opportunities.
Key Target AudienceKey Target Audience, Raw Material Suppliers and OEMs, New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Semiconductors Manufacturers, Suppliers and Distributors of Automotive Semiconductors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others