Passenger Cars Semiconductor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component Type (Processor, Analog IC, Discrete Power Device, Sensor, Memory Device), By Application Type (Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment) By Region, By Competition 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 37 billion

CAGR (2023-2028)

5.08%

Fastest Growing Segment

Telematics & Infotainment

Largest Market

Asia-Pacific


Market Overview

Global Passenger Cars Semiconductor Market has valued at USD 37 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.08% through 2028. Semiconductors are a sort of electrical component that can conduct electricity under certain conditions. Semiconductors are employed in automobiles to verify that the connected component works properly under all conditions. Semiconductors used in automobiles are made of silicon and germanium, which are the primary components required for the proper operation of automotive electronics. Semiconductors installed in automobiles assist in controlling many functions such as controlling the vehicle's air conditioner system and assuring the vehicle's safety. Furthermore, advancements in vehicle-based technology such as the introduction of advanced driver assistance systems (ADAS), telematics, and infotainment, as well as an increased inclination toward the adoption of electric vehicles, contribute to the global growth of the Passenger Cars Semiconductor market. Rapid advances in the automotive industry, an increase in demand for safety features in automobiles, and the introduction of innovative technologies for advanced user interface (UI) fuel global market growth. Furthermore, concerns like operational failures in extreme climatic conditions, as well as high initial cost and complex construction, act as a barrier to global market growth. However, factors such as increased demand for electric and hybrid vehicles, as well as increased technological improvement and innovation in ADAS, provide sufficient chances for market expansion during the projection period.

Key Market Drivers

Rapid Technological Advancements and Vehicle Electrification

One of the primary drivers fueling the Global Passenger Cars Semiconductors Market is the rapid pace of technological advancements and the ongoing electrification of vehicles. Modern passenger cars are increasingly adopting advanced technologies to meet consumer demands for enhanced safety, efficiency, connectivity, and sustainability. The shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) requires the development of specialized semiconductor components to power electric drivetrains, battery management systems (BMS), and charging infrastructure. Semiconductors are critical for optimizing power conversion, energy efficiency, and thermal management in EVs, allowing them to achieve longer ranges and faster charging times. Advanced semiconductor solutions are essential for the proliferation of ADAS, which includes features like adaptive cruise control, lane-keeping assist, automatic emergency braking, and self-parking. These systems rely on sensors, microcontrollers, and high-performance processors to enable real-time data processing and decision-making, enhancing vehicle safety and reducing accidents. Autonomous driving technologies, from Level 2 to Level 5 automation, are increasingly being integrated into passenger cars. These systems rely on a sophisticated network of sensors, cameras, LiDAR, and powerful processors to perceive and navigate the vehicle's surroundings. Semiconductors enable the processing of vast amounts of data and the execution of complex algorithms required for safe and reliable autonomous driving. The demand for in-vehicle connectivity and infotainment systems continues to grow. Semiconductor solutions enable features such as Wi-Fi connectivity, 5G connectivity, advanced navigation, streaming services, and smartphone integration. These features enhance the overall driving experience and consumer satisfaction.

Stringent Emission Standards and Environmental Concerns

Stringent emission standards and environmental concerns are driving the Global Passenger Cars Semiconductors Market towards greater energy efficiency and sustainability. Governments and regulatory bodies worldwide are imposing strict emissions regulations to combat climate change and reduce greenhouse gas emissions from vehicles. Semiconductors play a vital role in enhancing the efficiency of internal combustion engines (ICEs) and electric powertrains. Advanced power semiconductor devices, such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, are more energy-efficient and help reduce power losses during energy conversion in EVs and HEVs. These components contribute to the extended range and improved fuel economy of passenger cars. The transition to electric and hybrid vehicles is a key strategy for automakers to meet strict emissions standards. Semiconductors enable precise control of electric drivetrains, regenerative braking systems, and battery management, optimizing energy usage and reducing emissions. Semiconductor manufacturers are also exploring eco-friendly materials and manufacturing processes to reduce the environmental impact of semiconductor production. Sustainable sourcing of raw materials and the reduction of hazardous substances in semiconductor manufacturing are becoming industry priorities. The Passenger Cars Semiconductors Market is closely aligned with automakers' efforts to achieve greater sustainability and comply with emissions regulations. As environmental concerns continue to mount, the development and adoption of green semiconductor technologies will play a pivotal role in reducing the carbon footprint of passenger vehicles.

Increasing Demand for Connectivity and Infotainment

The rising consumer demand for connectivity and advanced infotainment features in vehicles is a significant driver of the Passenger Cars Semiconductors Market. Modern consumers expect their vehicles to be extensions of their digital lives, offering seamless connectivity and entertainment options while on the road. Semiconductors enable vehicles to connect to the internet, providing access to real-time traffic data, navigation, and cloud-based services. Features like vehicle-to-everything (V2X) communication and 5G connectivity are becoming essential for enhancing road safety, traffic management, and driver convenience. Infotainment systems in passenger cars are becoming increasingly sophisticated, offering touch-screen displays, voice recognition, and smartphone integration. These systems rely on powerful microprocessors, memory chips, and graphics processing units (GPUs) to provide a seamless user experience. The demand for in-car entertainment options, including streaming services, gaming, and high-quality audio, is driving the need for advanced semiconductor solutions. These components enable smooth content delivery, rendering, and user interaction within the vehicle. User experience (UX) is a critical factor in consumer satisfaction. Semiconductors contribute to responsive touchscreens, intuitive interfaces, and fast data processing, enhancing the overall user experience in the vehicle.

Enhanced Safety Features and Advanced Driver Assistance Systems (ADAS)

The pursuit of enhanced safety features and the widespread adoption of ADAS are driving the demand for advanced semiconductor solutions in passenger cars. Safety is a top priority for both automakers and consumers, and semiconductor technologies are instrumental in achieving safer driving experiences. Advanced semiconductor components, including sensors, microcontrollers, and radar systems, enable the implementation of ADAS. These systems provide features such as adaptive cruise control, lane-keeping assist, blind-spot monitoring, and automatic emergency braking. ADAS relies on real-time data processing and decision-making, enhancing driver safety and reducing the risk of accidents. Semiconductor sensors and processors play a critical role in collision avoidance systems. These systems use data from various sensors, such as cameras and LiDAR, to detect obstacles, pedestrians, and other vehicles, allowing the vehicle to take proactive measures to avoid accidents. Driver monitoring systems, which rely on semiconductor components like cameras and image processing units, help prevent accidents by monitoring driver behavior and alerting drivers when they show signs of distraction or fatigue. V2X communication, enabled by semiconductor solutions, enhances vehicle safety by allowing vehicles to communicate with each other and with infrastructure. This technology enables features like intersection collision warning and traffic signal optimization. The push for enhanced safety features and ADAS technologies is a significant driver of semiconductor innovation in the automotive sector. As these technologies become standard in passenger cars, semiconductor manufacturers are working to develop more advanced and reliable components to meet the growing demand.

Government Initiatives and Incentives for Electric Vehicles

Government initiatives and incentives aimed at promoting the adoption of electric vehicles (EVs) are driving the Passenger Cars Semiconductors Market. Governments worldwide are implementing policies to reduce greenhouse gas emissions, combat air pollution, and accelerate the transition to cleaner transportation. Many countries offer subsidies, tax incentives, and rebates to encourage consumers to purchase electric vehicles. These incentives reduce the upfront cost of EVs and stimulate demand, driving the production of semiconductor components for electric powertrains and battery management systems. Governments are investing in charging infrastructure development to address "range anxiety" and facilitate EV adoption. Semiconductor solutions are integral to the development of efficient and reliable charging stations, which include power electronics, communication modules, and billing systems. As governments set ambitious emission reduction targets, automakers are accelerating their EV development efforts. This shift necessitates the development of advanced semiconductor solutions that enhance the performance and efficiency of electric powertrains. Environmental regulations and emissions standards are pushing automakers to electrify their vehicle fleets. Semiconductor technologies are essential for optimizing EV performance, energy management, and battery efficiency to meet these regulatory requirements. Government support for electric vehicles and environmental initiatives directly stimulates the demand for semiconductor components in the Passenger Cars Semiconductors Market. As the global automotive industry transitions toward electrification, semiconductors will continue to play a pivotal role in driving innovation and sustainability in passenger vehicles.


Download Free Sample Report

Key Market Challenges

Supply Chain Disruptions and Semiconductor Shortages

One of the most pressing challenges facing the Global Passenger Cars Semiconductor Market is supply chain disruptions and semiconductor shortages. This issue has gained significant attention in recent years, with global supply chains being disrupted by factors such as the COVID-19 pandemic, geopolitical tensions, natural disasters, and increased demand from various industries, including automotive. Semiconductors are the backbone of modern vehicles, powering everything from engine control units (ECUs) and infotainment systems to advanced driver-assistance systems (ADAS) and autonomous driving technologies. The shortage of semiconductors has disrupted vehicle production worldwide, leading to delays, production cuts, and increased costs for automakers. This challenge underscores the vulnerability of the automotive industry to disruptions in the semiconductor supply chain. It highlights the need for greater resilience and contingency planning, as well as diversification of semiconductor suppliers to mitigate the impact of future disruptions. Moreover, the semiconductor shortage has resulted in increased competition among automakers for limited chip supplies, potentially affecting smaller manufacturers and startups. This dynamic may lead to a more concentrated market with larger players having a competitive advantage.

Rapid Technological Advancements and Complexity

The rapid pace of technological advancements and the increasing complexity of vehicle electronics present a formidable challenge for the Passenger Cars Semiconductor Market. As vehicles become more connected, autonomous, and electrified, the demand for advanced semiconductor solutions continues to grow. Automakers are integrating cutting-edge technologies such as 5G connectivity, artificial intelligence (AI), machine learning, and high-performance computing into their vehicles. These technologies power features like advanced navigation systems, augmented reality displays, and autonomous driving capabilities. While these innovations offer significant benefits, they also require more powerful and specialized semiconductors to function effectively. The challenge lies in keeping up with the pace of technological advancement and developing semiconductor solutions that can meet the increasingly complex demands of modern vehicles. This includes developing chips that are smaller, more power-efficient, and capable of handling the immense data processing requirements of autonomous vehicles. Furthermore, as vehicles incorporate a multitude of electronic components, the coordination and integration of semiconductor systems within the vehicle's architecture becomes increasingly complex. Ensuring the seamless operation of various ECUs, sensors, and communication modules while maintaining cybersecurity and data privacy is a significant challenge.

Stringent Emission Standards and Sustainability

Stringent emission standards and sustainability goals set by governments worldwide are driving the electrification of vehicles, including passenger cars. While this transition is essential for reducing greenhouse gas emissions, it poses a challenge for the Passenger Cars Semiconductor Market. Electric vehicles (EVs) and hybrid vehicles require specialized semiconductors to power their electric drivetrains, battery management systems, and charging infrastructure. These semiconductors must meet high efficiency and energy-saving standards to maximize the range and performance of EVs. The challenge lies in developing semiconductor solutions that not only meet these efficiency requirements but also adhere to sustainability principles. This includes reducing the environmental impact of semiconductor manufacturing processes, as well as ensuring the recyclability and disposal of semiconductor components. Moreover, the transition to EVs and the associated increase in demand for semiconductors in the automotive sector raise concerns about the availability of critical raw materials, such as rare earth elements and lithium. Ensuring a sustainable supply chain for these materials is essential to prevent potential bottlenecks in semiconductor production.

Cybersecurity and Data Privacy Concerns

As vehicles become more connected and reliant on electronic systems, cybersecurity and data privacy concerns have become significant challenges for the Passenger Cars Semiconductor Market. The increasing complexity of vehicle electronics and the interconnectivity of systems make vehicles vulnerable to cyberattacks. Hackers could potentially gain unauthorized access to a vehicle's critical systems, compromising passenger safety and privacy. For example, they might target the vehicle's infotainment system to access personal data or exploit vulnerabilities in autonomous driving systems to gain control of the vehicle's movements. Addressing these cybersecurity challenges requires the development of semiconductor solutions that incorporate robust security features. This includes secure boot processes, encryption, authentication protocols, and intrusion detection systems. Additionally, data privacy concerns have gained prominence as vehicles collect and transmit vast amounts of data, including location information, driver behavior, and vehicle diagnostics. Protecting this data from unauthorized access and misuse is paramount to ensuring consumer trust. Regulatory bodies, such as the European Union with the General Data Protection Regulation (GDPR), have imposed stringent requirements on data privacy in connected vehicles. Compliance with these regulations necessitates the implementation of data protection measures and transparency in data handling practices.

Market Competition and Consolidation

The Passenger Cars Semiconductor Market is highly competitive, with numerous semiconductor manufacturers vying for market share. However, this competition poses a challenge in terms of pricing pressures and potential consolidation. Intense competition among semiconductor suppliers can lead to downward pricing pressure, affecting profit margins for both semiconductor manufacturers and automakers. Smaller semiconductor companies may struggle to compete with larger, more established players that have economies of scale. To remain competitive, semiconductor manufacturers must continually invest in research and development to develop innovative solutions that meet the evolving needs of the automotive industry. This includes developing specialized semiconductor components for electric vehicles, autonomous driving systems, and advanced connectivity features. Moreover, the semiconductor market has seen increasing consolidation, with larger companies acquiring smaller firms to expand their product portfolios and market reach.

Key Market Trends

Rapid Technological Advancements and Increasing Vehicle Complexity

One of the primary trends shaping the Global Passenger Cars Semiconductor Market is the rapid pace of technological advancements and the increasing complexity of modern vehicles. As consumer expectations evolve and regulations tighten, automakers are continually incorporating cutting-edge technologies into their vehicles to enhance safety, efficiency, connectivity, and user experience. The trend toward vehicle electrification, including electric vehicles (EVs) and hybrid electric vehicles (HEVs), is driving the demand for semiconductor components. These components are crucial for optimizing electric powertrains, battery management systems (BMS), and charging infrastructure, contributing to extended range and improved efficiency. ADAS features are becoming standard in many passenger vehicles, with semiconductor technologies playing a pivotal role. These systems include adaptive cruise control, lane-keeping assist, automatic emergency braking, and self-parking capabilities. Semiconductor components, such as sensors, microcontrollers, and processors, enable real-time data processing and decision-making, enhancing vehicle safety. Increasing consumer demand for connectivity and infotainment features is driving semiconductor innovation. Features like in-vehicle Wi-Fi, 5G connectivity, advanced navigation, streaming services, and smartphone integration rely on semiconductors to provide seamless connectivity and entertainment options. Autonomous driving technologies, ranging from Level 2 to Level 5 automation, are advancing rapidly. These technologies depend on a complex network of sensors, cameras, LiDAR, and powerful processors to perceive and navigate a vehicle's surroundings. Semiconductors facilitate the processing of vast amounts of data and the execution of intricate algorithms required for safe autonomous driving.

Stringent Emission Standards and Sustainability

Stringent emission standards and sustainability concerns are significant drivers in the Global Passenger Cars Semiconductor Market. Governments worldwide are imposing strict emissions regulations to combat climate change and reduce greenhouse gas emissions from vehicles. This push toward sustainability is reshaping the automotive industry and semiconductor technologies. Semiconductors contribute to the efficiency enhancement of both internal combustion engines (ICEs) and electric powertrains. Advanced power semiconductor devices, such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, are more energy-efficient and help reduce power losses during energy conversion in EVs and HEVs, ultimately improving vehicle range and fuel economy. The transition to electric and hybrid vehicles necessitates semiconductor solutions for precise control of electric drivetrains, regenerative braking systems, and battery management. These components optimize energy usage and reduce emissions, aligning with sustainability goals. Semiconductor manufacturers are exploring eco-friendly materials and sustainable manufacturing processes to reduce the environmental impact of semiconductor production. Sustainable sourcing of raw materials and minimizing hazardous substances in semiconductor manufacturing are becoming industry priorities. The Passenger Cars Semiconductor Market is closely intertwined with automakers' efforts to achieve greater sustainability and comply with emissions regulations. As sustainability continues to gain prominence, the development and adoption of green semiconductor technologies will play a critical role in reducing the carbon footprint of passenger vehicles.

Rising Demand for Connectivity and Infotainment

The increasing consumer demand for connectivity and advanced infotainment features in vehicles is a significant driver of the Passenger Cars Semiconductor Market. Modern consumers expect their vehicles to provide seamless connectivity and entertainment options while on the road, leading to growing semiconductor requirements. Semiconductors enable vehicles to connect to the internet, offering access to real-time traffic data, navigation, and cloud-based services. Features such as vehicle-to-everything (V2X) communication and 5G connectivity are becoming essential for enhancing road safety, traffic management, and driver convenience. Modern infotainment systems feature touch-screen displays, voice recognition, and smartphone integration. These systems rely on powerful microprocessors, memory chips, and graphics processing units (GPUs) to deliver a seamless user experience. The demand for in-car entertainment options, including streaming services, gaming, and high-quality audio, is driving the need for advanced semiconductor solutions. These components ensure smooth content delivery, rendering, and user interaction within the vehicle. User experience (UX) is a critical factor in consumer satisfaction. Semiconductors play a crucial role in responsive touchscreens, intuitive interfaces, and fast data processing, enhancing the overall user experience.

Enhanced Safety Features and Advanced Driver Assistance Systems (ADAS)

The pursuit of enhanced safety features and the widespread adoption of ADAS are significant drivers of semiconductor solutions in passenger vehicles. Safety is a top priority for both automakers and consumers, and semiconductor technologies are instrumental in achieving safer driving experiences. Semiconductor components, including sensors, microcontrollers, and radar systems, enable the implementation of ADAS. These systems provide features such as adaptive cruise control, lane-keeping assist, blind-spot monitoring, and automatic emergency braking. Semiconductor solutions facilitate real-time data processing and decision-making, enhancing vehicle safety. Semiconductor sensors and processors play a crucial role in collision avoidance systems. These systems use data from various sensors, such as cameras and LiDAR, to detect obstacles, pedestrians, and other vehicles. This enables the vehicle to take proactive measures to avoid accidents. Driver monitoring systems, relying on semiconductor components like cameras and image processing units, help prevent accidents by monitoring driver behavior and alerting drivers when they show signs of distraction or fatigue. V2X communication, enabled by semiconductor solutions, enhances vehicle safety by allowing vehicles to communicate with each other and with infrastructure. This technology enables features such as intersection collision warning and traffic signal optimization. The push for enhanced safety features and ADAS technologies is a significant driver of semiconductor innovation in the automotive sector. As these technologies become standard in passenger cars, semiconductor manufacturers are working to develop more advanced and reliable components to meet the growing demand.

Segmental Insights

Component Type Analysis

The market is divided into processors, analog ICs, discrete power devices, sensors, and memory devices based on component types. The processor market share was the highest in 2021, and it is anticipated that this market share will remain dominant throughout the projected period. One of the main elements promoting the segment's growth is the increased use of electronics in automobiles.

The second-fastest segment to emerge is anticipated to be memory devices. This growth may be attributed to the ongoing electrification of significant automotive applications, such as the powertrain, which is driving up demand for power semiconductors like MOSFETs and IGBTs. In order to program numerous control systems into an autonomous vehicle, extra memory devices must be added to each automobile due to the demand for increased vehicular safety and cutting-edge features.

Application Type Analysis

The global market is divided into powertrain, safety, body electronics, chassis, and telematics & infotainment segments based on application. During the projected period, the safety category is anticipated to maintain its leadership. It now holds the biggest market share. Due to an increase in traffic accidents in several nations, strict restrictions on vehicle safety have been put in place, which is mostly to blame. Automakers include a range of safety-related features, such as advanced driver aid systems and emergency braking systems, into their vehicles to comply with safety laws. These elements are fueling market expansion. Over the projected period, the telematics & infotainment market is anticipated to develop at the fastest rate. The main driver is the growing need for in-car connectivity and infotainment features including navigation systems, audio and video players, over-the-air upgrades, and smartphone connectivity.


Download Free Sample Report

Regional Insights

Asia Pacific dominated the world market with a respectable market share and is likely to keep that position over the coming years. The largest CAGR is anticipated to occur in this region between 2023 and 2028. The region's semiconductor business is expanding thanks in part to the fastest-growing automotive industries in nations like China, India, and Japan, as well as related government backing. The industry's expansion has also been aided by China's robust demand for electric vehicles. In addition, increasing commercial electric vehicle adoption in countries like India, Japan, South Korea, and others may spur market expansion soon. After Asia Pacific, North America may experience the highest growth rate. Market expansion could be influenced by rising sales of electric commercial and passenger vehicles in the US. Additionally, the growing attention being paid to the commercialization and development of electric autonomous cars and Robo-taxis may present profitable growth prospects in the years to come. The second-fastest expanding market is in Europe. The European market is expanding because of tightening emission regulations, greater support for electrification, and rising investment in autonomous vehicle technologies.

Recent Developments

  • Infineon Technologies released a new AURIX TC4x family of 28 nm microcontrollers (MCUs) in January 2022. These MCUs are intended for use in eMobility, ADAS, automotive E/E systems, and cost-effective Al applications.
  • STMicroelectronics revealed new automotive microcontrollers (MCUs) designed for electric vehicles in February 2022. New automotive microcontrollers (MCUs) for centralized (zonal and domain) electronic architectures and electric vehicles were introduced by STMicroelectronics in February 2022. High-speed control-loop processing is integrated into the new Stellar E MCUs from STMicroelectronics, which are made for software-defined electric vehicles of the next generation.This platform makes it possible for a brand-new value chain for EVs with the new Stellar E devices.
  • June 2021: NXP Semiconductors N.V. has introduced two new $32Z and $32E processor families, which extend innovation and speed integration of automotive applications for next-generation vehicles through their diverse real-time applications for domain and zonal control, safety processing.
  • ROHM developed a new regulator (LDO) ICs for primary (direct connection to 12V) power supplies in a variety of applications, including engine, body, ADAS, and automotive infotainment, in June 2022, with stable operation at nanoscale output capacitance.
  • Robert Bosch planned to invest in a semiconductor production plant in Reutlingen in February 2022, citing the current chip shortage and increased demand for mobility and IoT applications. Between 2022 and 2025, new manufacturing facilities will be established.

Key Market Players

  • Robert Bosch GmbH
  • Infineon Technologies AG
  • STMicroelectronics
  • NXP Semiconductors
  • Toshiba Corporation
  • On Semiconductor Corporation
  •  ROHM Co., Ltd.
  • Texas Instruments Incorporated
  • Renesas Electronics Corporation
  • Denso Corporation

By Component Type

By Application Type

By Region
  • Processor
  • Analog IC
  • Discrete Power Device
  • Sensor
  • Memory Device
  • Powertrain
  • Safety
  • Body Electronics
  • Chassis
  • Telematics & Infotainment
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Passenger Cars Semiconductor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Passenger Cars Semiconductor Market, By Component Type:

o   Processor

o   Analog IC

o   Discrete Power Device

o   Sensor

o   Memory Device

  • Passenger Cars Semiconductor Market, By Application Type:

o   Powertrain

o   Safety

o   Body Electronics

o   Chassis

o   Telematics & Infotainment

  • Passenger Cars Semiconductor Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Cars Semiconductor Market.

Available Customizations:

Global Passenger Cars Semiconductor market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Passenger Cars Semiconductor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Passenger Cars Semiconductor Market

5.    Global Passenger Cars Semiconductor Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component Type Market Share Analysis (Processor, Analog IC, Discrete Power Device, Sensor, Memory Device)

5.2.2.    By Application Type Market Share Analysis (Powertrain, Safety, Body Electronics, Chassis, Telematics & Infotainment)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe & CIS Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3.  Global Passenger Cars Semiconductor Market Mapping & Opportunity Assessment

5.3.1.    By Component Type Market Mapping & Opportunity Assessment

5.3.2.    By Application Type Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Passenger Cars Semiconductor Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Component Type Market Share Analysis

6.2.2.    By Application Type Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Passenger Cars Semiconductor Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component Type Market Share Analysis

6.3.1.2.2.           By Application Type Market Share Analysis

6.3.2.    India Passenger Cars Semiconductor Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component Type Market Share Analysis

6.3.2.2.2.           By Application Type Market Share Analysis

6.3.3.    Japan Passenger Cars Semiconductor Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component Type Market Share Analysis

6.3.3.2.2.           By Application Type Market Share Analysis

6.3.4.    Indonesia Passenger Cars Semiconductor Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Component Type Market Share Analysis

6.3.4.2.2.           By Application Type Market Share Analysis

6.3.5.    Thailand Passenger Cars Semiconductor Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Component Type Market Share Analysis

6.3.5.2.2.           By Application Type Market Share Analysis

6.3.6.    South Korea Passenger Cars Semiconductor Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Component Type Market Share Analysis

6.3.6.2.2.           By Application Type Market Share Analysis

6.3.7.    Australia Passenger Cars Semiconductor Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Component Type Market Share Analysis

6.3.7.2.2.           By Application Type Market Share Analysis

7.    Europe & CIS Passenger Cars Semiconductor Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Component Type Market Share Analysis

7.2.2.    By Application Type Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Russia Market Share Analysis

7.2.3.5.        Italy Market Share Analysis

7.2.3.6.        United Kingdom Market Share Analysis

7.2.3.7.        Belgium Market Share Analysis

7.2.3.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Passenger Cars Semiconductor Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component Type Market Share Analysis

7.3.1.2.2.           By Application Type Market Share Analysis

7.3.2.    Spain Passenger Cars Semiconductor Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component Type Market Share Analysis

7.3.2.2.2.           By Application Type Market Share Analysis

7.3.3.    France Passenger Cars Semiconductor Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component Type Market Share Analysis

7.3.3.2.2.           By Application Type Market Share Analysis

7.3.4.    Russia Passenger Cars Semiconductor Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Component Type Market Share Analysis

7.3.4.2.2.           By Application Type Market Share Analysis

7.3.5.    Italy Passenger Cars Semiconductor Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component Type Market Share Analysis

7.3.5.2.2.           By Application Type Market Share Analysis

7.3.6.    United Kingdom Passenger Cars Semiconductor Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Component Type Market Share Analysis

7.3.6.2.2.           By Application Type Market Share Analysis

7.3.7.    Belgium Passenger Cars Semiconductor Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Component Type Market Share Analysis

7.3.7.2.2.           By Application Type Market Share Analysis

8.    North America Passenger Cars Semiconductor Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Component Type Market Share Analysis

8.2.2.    By Application Type Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Mexico Market Share Analysis

8.2.3.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Passenger Cars Semiconductor Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component Type Market Share Analysis

8.3.1.2.2.           By Application Type Market Share Analysis

8.3.2.    Mexico Passenger Cars Semiconductor Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component Type Market Share Analysis

8.3.2.2.2.           By Application Type Market Share Analysis

8.3.3.    Canada Passenger Cars Semiconductor Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component Type Market Share Analysis

8.3.3.2.2.           By Application Type Market Share Analysis

9.    South America Passenger Cars Semiconductor Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Component Type Market Share Analysis

9.2.2.    By Application Type Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Argentina Market Share Analysis

9.2.3.3.        Colombia Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Passenger Cars Semiconductor Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component Type Market Share Analysis

9.3.1.2.2.           By Application Type Market Share Analysis

9.3.2.    Colombia Passenger Cars Semiconductor Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component Type Market Share Analysis

9.3.2.2.2.           By Application Type Market Share Analysis

9.3.3.    Argentina Passenger Cars Semiconductor Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component Type Market Share Analysis

9.3.3.2.2.           By Application Type Market Share Analysis

10. Middle East & Africa Passenger Cars Semiconductor Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Component Type Market Share Analysis

10.2.2. By Application Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     South Africa Market Share Analysis

10.2.3.2.     Turkey Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Passenger Cars Semiconductor Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component Type Market Share Analysis

10.3.1.2.2.         By Application Type Market Share Analysis

10.3.2. Turkey Passenger Cars Semiconductor Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component Type Market Share Analysis

10.3.2.2.2.         By Application Type Market Share Analysis

10.3.3. Saudi Arabia Passenger Cars Semiconductor Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component Type Market Share Analysis

10.3.3.2.2.         By Application Type Market Share Analysis

10.3.4. UAE Passenger Cars Semiconductor Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component Type Market Share Analysis

10.3.4.2.2.         By Application Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Robert Bosch GmbH

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Infineon Technologies AG

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. STMicroelectronics

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. NXP Semiconductors

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Toshiba Corporation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. On Semiconductor Corporation

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. ROHM Co., Ltd.

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Texas Instruments Incorporated

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Renesas Electronics Corporation

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Denso Corporation

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Component Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Passenger Cars Semiconductor Market was estimated to be USD 37 billion in 2022.

down-arrow

The market is divided into processors, analog ICs, discrete power devices, sensors, and memory devices based on component types. The processor market share was the highest in 2021, and it is anticipated that this market share will remain dominant throughout the projected period. One of the main elements promoting the segment's growth is the increased use of electronics in automobiles.

down-arrow

Asia Pacific dominated the world market with a respectable market share and is likely to keep that position over the coming years. The largest CAGR is anticipated to occur in this region between 2023 and 2028. The region's semiconductor business is expanding thanks in part to the fastest-growing automotive industries in nations like China, India, and Japan, as well as related government backing. The industry's expansion has also been aided by China's robust demand for electric vehicles. In addition, increasing commercial electric vehicle adoption in countries like India, Japan, South Korea, and others may spur market expansion soon.

down-arrow

Rapid Technological Advancements and Vehicle Electrification, Increasing Demand for Connectivity and Infotainment, Government Initiatives and Incentives for Electric Vehicles are the major drivers for the Global Passenger Cars Semiconductor Market.

Related Reports

profile

Srishti Verma

Business Consultant
Press Release

Passenger Cars Semiconductor Market to Grow with a CAGR of 5.08% Globally through to 2028

Nov, 2023

Rapid Technological Advancements and Vehicle Electrification, Increasing Demand for Connectivity and Infotainment, Government Initiatives and Incentives for Electric Vehicles are factors driving the

Why Choose Us