Automotive semiconductor industry research: expected to reach 273.9 billion in 2028

Global Automotive Semiconductor Market Report.With the advancement of technology, the high cost and limited charging capacity of batteries have been resolved, and electric vehicles have entered a new stage of development. The production and sales of pure electric vehicles will further increase, and the market demand for automotive semiconductors will also continue to rise.

The global automotive semiconductor market will exceed USD 80 billion in 2025, with a CAGR of 15% from 2021 to 25. According to the calculation of the market size of each segment, electrification will drive the growth of the new energy vehicle IGBT chip and the AFE chip market in BMS modules. The global scale will be 2 billion and 600 million US dollars in 2021, and will reach 7.3 and 1.8 billion US dollars in 2025 , CAGR is 39% and 34% respectively; intelligentization will bring significant growth in the market of car-standard CIS, smart cockpit SoC, autonomous driving SoC, and car-standard DRAM, NAND, and NOR three types of car-standard memory chips.

With the rapid increase in the penetration rate of electric vehicles, the demand for automotive semiconductors remains strong. It is foreseeable that Nexperia will continue to achieve steady and rapid growth in the future.

The penetration rate ushered in an inflection point of 10%, and the electrification of vehicles entered a stage of accelerated development. From the perspective of the global market, the penetration rate of new energy vehicles will be 8% in 2021. From January to September 2022, the global sales of new energy passenger vehicles will be about 5.78 million, with a penetration rate of 13%, breaking through the turning point of 10%. Enter the stage of accelerated development. Compared with the global market, China's automobile electrification process is faster, and the penetration rate has increased from 5% in 2020 to 13% in 2021. From January to September 2022, domestic sales of new energy vehicles will be 4.567 million, with a penetration rate of 23.5% %.

The value of semiconductors for electric vehicles is significantly higher than that of fuel vehicles, and power semiconductors contribute the main increase. There is a big gap between the cost structure of electric vehicles and fuel vehicles. The three-electric system accounts for as much as 50% of the cost of an electric vehicle, including batteries, electric drive and electric control. The three corresponding to the cost of the vehicle account for 38%, 6.5% and 5.5% respectively %. Electric vehicles use the power system as the power source, and have higher requirements for power conversion and power conversion, so the demand for power devices has increased significantly.

For more detailed analysis of the industry, you can click to view the Global automotive semiconductor Market Consulting Report . The report conducts specific investigation, research, and analysis on various factors related to the industry to gain insight into the future development direction of the industry, the evolution trend of the industry's competitive landscape, technical standards, market size, potential problems, and crux of the industry's development, and evaluates the investment value and effect of the industry The degree of benefit, put forward constructive suggestions, and provide reference for industry investment decision makers and business operators.