Automotive Semiconductor Market Trends,
Analysis & Forecast, 2032

As per a recent research report, Automotive Semiconductor
Market surpass
USD 183.8  Bn by 2032.

The
rising trend of electric cars is a major factor driving the market growth. In
recent years, EVs are increasingly requiring a variety of semiconductors for
power electronics, motor control, battery management systems, and charging
infrastructure. To that end, the rise in EV usage internationally has led to
the higher need for automotive semiconductors. Furthermore, the advent of V2X
communication will offer multiple growth prospects for the industry
growth.  However, the dearth of
semiconductor components mainly across the automotive sector may hinder the
industry growth.

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In terms of components,
the automotive
semiconductor market size from the processors segment generated over USD 15
billion in 2022. The presence of advanced infotainment and networking
capabilities in automobiles necessitate the employment of processors to handle
multimedia processing, communication protocols, and user interfaces. The
growing consumer demand for improved infotainment and connection features is
also fueling the need for processors with expanded capabilities, resulting in
significant demand for processors in automotive industry.

Automotive
semiconductor market size from the safety application segment is poised to
record over 12% CAGR from 2023-2032 driven by the growing consumer
demand for better safety features, such as sophisticated driver
assistance systems and driverless vehicles. Collision avoidance, adaptive
cruise control, and automatic emergency braking are typical ADAS
technologies that rely on sensors, processors, and other semiconductor
components to provide real-time sensing and decision-making, further
contributing to the segment growth.

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Europe
held a sizable share of the global automotive semiconductor market in 2022 and
is set to generate more than USD 40 billion by 2032. Europe has witnessed a
surge in the rate of EV adoption, necessitating advanced semiconductor
technologies for power management and electric drivetrain systems. The introduction
of severe car safety rules and regulatory frameworks is also driving the
expansion of the European automotive semiconductor industry. For instance, the
new Vehicle General Safety Regulation mandated the incorporation of ADAS
in all cars in Europe in 2022.

Partial chapters of report table of contents
(TOC):

Chapter 2   Executive Summary

2.1    Automotive
semiconductor market 360⁰ synopsis, 2018
- 2032

2.2    Business trends

2.2.1    Total Addressable
Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Vehicle type trends

2.6    Propulsion type
trends

2.7    Application trends

Chapter 3   Automotive Semiconductor
Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the
Russia-Ukraine war

3.3    Industry ecosystem
analysis

3.4    Vendor matrix

3.5    Profit margin
analysis

3.6    Technology &
innovation landscape

3.7    Patent analysis

3.8    Key news and
initiatives

3.8.1   
Partnership/collaboration

3.8.2    Merger/Acquisition

3.8.3    Investment

3.8.4    Product launch
& innovation

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Rising adoption
of electric vehicle

3.10.1.2    Surge in demand
for in-vehicle infotainment and comfort features

3.10.1.3    Increasing focus
on vehicle safety

3.10.1.4    Advancements in
autonomous and connected vehicles

3.10.1.5    Growing energy
efficiency and environmental concerns

3.10.2    Industry pitfalls
& challenges

3.10.2.1    Technological
complexities and compatibility issues

3.10.2.2    Shortage of
semiconductor components

3.11    Growth potential
analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

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