Electric Vehicle Semiconductor Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Component (Processors, Analog ICs, Discrete Power Devices, Sensors, and Others); Propulsion (BEV, HEV, and Others); Application (Powertrain, Safety, Body Electronics, Chassis, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Electric Vehicle Semiconductor Market

Pages:

168

Table:

46

Figure:

63

Report ID:

UMSE21977

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Electric Vehicle Semiconductor Market 1
Electric Vehicle Semiconductor Market 1

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The global electric vehicle semiconductor market is expected to register a CAGR of around 32% over the period of 2021-2027. The global electric vehicle semiconductor market is uplifting on account of the growing demand for electric vehicles among customers and the stringent emission regulations. Moreover, a variety of environmental concerns and the increasing demand for comfort, convenience, safety, and protection followed by the adoption of electronics components and devices in electric vehicles will positively stimulate the industry landscape. Advances in semiconductor chemistry have enabled electric vehicle batteries to operate at higher voltages, allowing electric vehicles to travel long distances before they need to be recharged, increasing the demand for more vehicles. The surge in demand for electric vehicles is driving the demand for more efficient electric vehicle semiconductors. In addition, growing environmental concerns due to CO2 emissions from ICE vehicles are positively impacting the demand for electric vehicles which eventually propelling the electric vehicle semiconductor market. For instance, according to the Organization Internationale des Constructeurs d’Automobiles” (OICA), globally, road transport accounts for about 16% of anthropogenic CO2 emissions.

Wolfspeed Inc., Semiconductor Components Industries LLC, NXP Semiconductors N.V., Texas Instruments Incorporated, Infineon Technologies AG, Analog Devices Inc., Taiwan Semiconductor Manufacturing Company Limited, Renesas Electronics Corporation, STMicroelectronics International N.V., Samsung Electronics Co. Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst components, the discrete power devices held a prominent share in the market in 2020”

On the basis of component, the market is divided into processors, analog ICs, discrete power devices, sensors, and others. The processors captured a commendable share of the global electric vehicle semiconductor market in 2020 and are anticipated to witness steady growth during the forecast period mainly due to the use of processors in various systems in electric vehicles such as remote-control systems, operating systems, and automobiles audio systems. Moreover, the increasing demand for comfort, safety, and fuel economic vehicles is driving the growth of this segment.

“Amongst propulsion, HEV captured a prominent share in the market in 2020”

Based on propulsion, the market is classified into BEV, HEV, and others. The HEV segment captured a prominent share of the global electric vehicle semiconductor market in 2020 and is expected to witness a substantial growth during the forecast period as well owing to the preference for HEVs among customers over other types of electric vehicles. In addition, the greater operating efficiency of HEVs is further propelling the growth of this segment, this is because they use smaller internal combustion engines resulting in less internal energy loss.

“Europe to witness significant growth during the forecast period”

Europe accounted for a significant share of the global electric vehicle semiconductor market and is expected to grow at a steady growth rate during the forecast period. The growth of the electric vehicle semiconductor market in the region can be attributed to the growing adoption of electric vehicles in the region along with the increasing uses of semiconductors in electric vehicles. Further on, the supportive government policies for the adoption of electric vehicles are further propelling the growth of this market in the region. In addition, the increasing demand for comfort, safety, and fuel economic vehicles and growing sales of electric vehicles are other factors contributing to the electric vehicle semiconductor market in the region. For instance, Electric car registrations for 2020 were near 1,325,000 units, up from 550,000 units in 2019. This shows an increase from 3.5% to 11% of total new car registrations in just 1 year.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1.Market Definitions
1.2.Limitation 
1.3.Stakeholders
1.4.Currency used in Report

 

2.1.Research Process of the Electric Vehicle Semiconductor Market
2.2.Research Methodology of the Electric Vehicle Semiconductor Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Electric Vehicle Semiconductor Market Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5ELECTRIC VEHICLE SEMICONDUCTOR MARKET COVID-19 IMPACT

 

6ELECTRIC VEHICLE SEMICONDUCTOR MARKET REVENUE (USD BN), 2019-2027F

 

7.1.Processors
7.2.Analog ICs
7.3.Discrete Power Devices
7.4.Sensors 
7.5.Others 
8.1.BEV 
8.2.HEV 
8.3.Others 

 

9.1.Powertrain
9.2.Safety 
9.3.Body Electronics
9.4.Chassis 
9.5.Others 

 

10.1.North America 
 10.1.1. US 
 10.1.2. Canada 
 10.1.3. Rest of North America
10.2.Europe  
 10.2.1. Germany 
 10.2.2. France 
 10.2.3. Spain 
 10.2.4.UK 
 10.2.5. Rest of Europe
10.3.Asia-Pacific 
 10.3.1. China 
 10.3.2. Japan 
 10.3.3. India 
 10.3.4. South Korea
 10.3.5. Rest of Asia-Pacific
10.4.Rest of the World 

 

11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12ELECTRIC VEHICLE SEMICONDUCTOR MARKET OPPORTUNITIES

 

13ELECTRIC VEHICLE SEMICONDUCTOR MARKET TRENDS

 

14LEGAL & REGULATORY FRAMEWORK

 

15.1.Demand Side Analysis 
15.2.Supply Side Analysis 
 15.2.1.Top Product Launches
 15.2.2.Top Business Partnerships
 15.2.3.Top Business Expansions
 15.2.4.Top Merger and Acquisitions

 

16VALUE CHAIN ANALYSIS

 

17.1.Porters Fiver Forces Analysis
 17.1.1.Bargaining Power of Buyer
 17.1.2.Bargaining Power of Supplier
 17.1.3.Intensity of Rivalry
 17.1.4.Threats of New Entrant
 17.1.5.Threat of Substitute

 

18.1.Wolfspeed Inc.
18.2.Semiconductor Components Industries, LLC
18.3.NXP Semiconductors N.V.
18.4.Texas Instruments Incorporated
18.5.Infineon Technologies AG
18.6.Analog Devices Inc.
18.7.Taiwan Semiconductor Manufacturing Company Limited
18.8.Renesas Electronics Corporation
18.9.STMicroelectronics International N.V.
18.10.Samsung Electronics Co. Ltd.

 

19DISCLAIMER

Research Methodology

Research Methodology for the Electric Vehicle Semiconductor Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global electric vehicle semiconductor market were the three major steps undertaken to create and analyze the adoption of electric vehicle semiconductors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global electric vehicle semiconductor market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the electric vehicle semiconductor market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the electric vehicle semiconductor market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the component, propulsion, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the electric vehicle semiconductor market. Further, we conducted factor analysis using dependent and independent variables such as various component, propulsion, and application of electric vehicle semiconductors. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the electric vehicle semiconductor market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global electric vehicle semiconductor market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the electric vehicle semiconductor market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global electric vehicle semiconductor market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Electric Vehicle Semiconductor Market 2
Electric Vehicle Semiconductor Market 2

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global electric vehicle semiconductor market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, propulsion, and application in the global electric vehicle semiconductor market.

The main objective of the Global Electric Vehicle Semiconductor Market Study

The current & future market trends of the global electric vehicle semiconductor market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the electric vehicle semiconductor market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of the component, propulsion, and application
  • Define and analysis of the regulatory framework for the electric vehicle semiconductor market industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the electric vehicle semiconductor market for the major region
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World
  • Company profiles of the electric vehicle semiconductor market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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