Automotive Power Semiconductor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Automobile manufacturers are building and increasing electrification in vehicle powertrains such as electric and hybrid electric vehicles on a daily basis. The growth of power semiconductors in automobiles has been accelerated by the electrification of vehicles. Demand is expected to continue quite high for the next 4-5 years. Furthermore, automotive infotainment systems accounted for the majority of unit sales of the power semiconductor, with growth supported by sustained rise in automobile buyers in both developed and developing nations.

MARKET SCOPE

The "Global Automotive Power Semiconductor Market Analysis to 2031" is a specialized and in-depth study of the Automotive power semiconductor Market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive power semiconductor market with detailed market segmentation by component, application and vehicle type. The global automotive power semiconductor market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive power semiconductor market player and offers key trends and opportunities in the automotive power semiconductor market.

MARKET SEGMENTATION

  Based on component the market is segmented as, power discrete, power module and power integrated circuits.

  Based on application the market is segmented as, powertrain and chassis, body electronics, safety and security, infotainment and telematics.

  Based on vehicle type the market is segmented as, passenger car, LCV and HCV.

MARKET DYNAMICS

Drivers-

  Increasing modernization and electrification in vehicles is expected to boost market growth during the forecast period.

  Growing demand for energy efficient and battery powered devices is expected to spur the market growth during the forecast period.

  Technological advancements in power semiconductors and growing demand for autonomous vehicles is also expected to propel the market growth.
Restraints-

  Integration of such power semiconductors in vehicle may lead to high cost for a vehicle is the restraining factor for the market growth.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive power semiconductor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive power semiconductor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive power semiconductor Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive power semiconductor market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE POWER SEMICONDUCTOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the automotive power semiconductor market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive power semiconductor market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive power semiconductor market. Below mentioned is the list of few companies engaged in the automotive power semiconductor market.

The report also includes the profiles of key automotive power semiconductor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   NXP Semiconductor N.V
  
•   Infineon Technologies AG
  
•   Renesas Electronics Corporation
  
•   Texas Instruments Inc.
  
•   STMicroelectronics N.V.
  
•   Robert Bosch GmbH
  
•   ON Semiconductor
  
•   Nvidia Corporation
  
•   Trumpf GmbH + CO. KG.
  
•   Intel Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Power Semiconductor Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Power Discrete Power Modue Power Integrated Circuits By Application Powertrain and Chassis Body Electronics Safety and Security Infotainment and Telematics By Vehicle Type Passenger Car LCV HCV
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	NXP Semiconductor N.V Infineon Technologies AG Renesas Electronics Corporation Texas Instruments Inc. STMicroelectronics N.V. Robert Bosch GmbH ON Semiconductor Nvidia Corporation Trumpf GmbH + CO. KG.