Automotive semiconductors are electronic components designed and optimized for use in vehicles. They play a critical role in modern automotive systems, providing the computing power and control needed for a wide range of functions, from engine management and climate control to advanced driver assistance and infotainment systems.
Automotive semiconductors are used in a variety of applications, including sensors, microcontrollers, power management devices, and communication systems. They are designed to withstand the harsh operating conditions of automotive environments, such as extreme temperatures, humidity, and vibration.
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Automotive semiconductors are used in a wide range of applications in modern vehicles. Some of the key applications of automotive semiconductors include:
- Engine Management
- Safety Systems
- Infotainment Systems
- Power Management
- Lighting
- Connectivity
The Automotive Semiconductor Market Size was valued at USD 44.28 billion in 2021 and is expected to reach USD 66.59 billion by 2030 and grow at a CAGR of 6% over the forecast period 2022-2030.
Current Status of Automotive semiconductors:
There is currently a shortage of automotive semiconductors. The COVID-19 pandemic disrupted global supply chains and caused a surge in demand for electronic devices and vehicles, leading to a shortage of semiconductors across various industries. This shortage has affected the automotive industry, which relies heavily on semiconductors for various electronic systems in vehicles.
The automotive industry has been hit particularly hard by the shortage of semiconductors, leading to production cuts and delays in the delivery of new vehicles. The shortage has affected a wide range of automotive companies, from large automakers to smaller suppliers.
Several factors have contributed to the shortage of automotive semiconductors, including factory closures and reduced capacity during the pandemic, increased demand for electronic devices during the pandemic, and supply chain disruptions.
Automotive companies and semiconductor manufacturers are working to address the shortage by increasing production capacity, prioritizing the production of automotive semiconductors, and finding alternative solutions to meet demand. However, it may take some time for the industry to fully recover from the shortage.
Competitive Scenario
Analog Devices, Inc., Micron Technology, Renesas Electronics Corp., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., On Semiconductor Corp, Robert Bosch GmbH, ROHM Co., Ltd., STMicroelectronics N.V., Toshiba Corp., and Texas Instruments, Inc. are some of the affluent competitors with significant market share in the Automotive Semiconductor Market.
Automotive Semiconductor Market Segmentation
By Component:
- Processor
- Sensors
- Discrete Power
- Memory
- Others
By Application:
- Chassis
- Safety
- Powertrain
- Telematics & Infotainment
- Body Electronics
By Vehicle Type:
- Passenger Vehicles
- LCV
- HCV
