Automotive Semiconductor Market Analysis

Propulsion Type (Electric, Internal Combustion Engine)

The global automotive semiconductor market is segmented and analyzed for demand and supply by propulsion type into the electric and internal combustion engines. Amongst these segments, the electric segment is anticipated to garner the largest revenue by the end of 2037. Backed by the growing number of electric vehicles along with the surge in the demand for electric cars worldwide. Electric vehicles play a major role in cutting carbon commission and creating less pollution on the roads. This forces government authorities to bring EVs as they are beneficial for the environment.  For instance, it is projected that globally, 1 in 2 cars will have an electric powertrain by 2030. Last year more than 1 million electric cars were produced globally.

Application (Body Electronics, Chassis, Powertrain, Safety, Telematics & Infotainment)

The global automotive semiconductor market is segmented and analyzed for demand and supply by application into body electronics, chassis, powertrain, safety, telematics & infotainment. The body electronics segment held the largest market share in 2020 and it is estimated to do so in the forecast year. The leading companies in the automotive business are focusing on safety, convenience, and comfort over style and appearance. Moreover, government rules and strict laws are affecting the market by prioritizing client safety above all. After body electronics, the telematics and infotainment segment is anticipated to hold the highest market share in the forecast period. This can be attributed seeing the technological advancement in the field of cell phones, GPS, and the internet.

Our in-depth analysis of the global market includes the following segments: