Industrial Automation Magazine India

Electronic parts particularly engineered and tuned for usage in vehicles are referred to as automotive semiconductors.

December 2023: According to Adroit Market Research, the size of the Global Automotive Semiconductor industry was estimated at USD 59.9 billion in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2032, reaching USD 153.11 billion.

Electronic parts particularly engineered and tuned for usage in vehicles are referred to as automotive semiconductors. Numerous vehicle systems, such as those that deal with safety, powertrain, infotainment, and comfort, depend heavily on these chips to operate. The advanced driving assistance systems (ADAS), electric powertrains, and in-vehicle infotainment (IVI) systems in contemporary cars are only a few of the sophisticated features and capabilities that they make possible.

Microcontrollers, sensors, analog and mixed-signal ICs, power management ICs, and memory devices are a few typical automotive semiconductor examples. High dependability, robustness, and resistance to harsh environmental factors including temperature swings, humidity, and mechanical stress are just a few of the demanding specifications that these components are made to achieve in the automobile sector.

The growing popularity of in-car infotainment and connectivity features, the growing demand for electric vehicles (EVs), the increasing integration of electronic systems in vehicles, and the advancements in autonomous driving technologies have all contributed to the significant growth of the automotive semiconductor market. The market proved resilient and kept growing despite the early supply chain difficulties brought on by the COVID-19 pandemic. This was mainly because of the automobile industry's rebound and the quick uptake of cutting-edge semiconductor technology. Power management semiconductors, such as those used in battery management systems and power electronics for electric drivetrains, are in high demand as a result of the shift towards electric and hybrid cars.

Further propelling automotive semiconductor market expansion is the requirement for complex semiconductors for tasks like sensing, processing, and actuation brought on by the creation and implementation of advanced driver-assistance systems (ADAS). Additionally, the development of intelligent and driverless cars along with the integration of connectivity solutions have increased demand for automotive semiconductors, especially for applications pertaining to advanced processing, in-vehicle networking, and vehicle-to-everything (V2X) communication.