Since the birth of the semiconductors in year 1874, these have been applied in myriad applications. Approximately all industries are on the verge of the automotive age, in all those domains the usage of semiconductors has become crucial. With the amalgamation of the semiconductors in the cars, they are becoming supercomputers on the wheels. In this blog, we will discuss the automotive semiconductor and various other aspects of the automotive. The microcontroller units are applied in home appliances control, automotive electronics, medical equipment, education & entertainment, etc. Earlier, the manufacturers were adding value to the vehicles by using better materials, and efficient engine performance. Today, they are focusing on smart connectivity, electrification, and other vehicle experiences with the surging sales, and production. As per the International Organization of Motor Vehicle Information 2022 statistics, vehicle sales increased to 81628533 in 2022 from 78787566. Whereas, the production in the countries such as India, Germany, and China has raised by 24 percent, 11 percent, and 3 percent respectively. At present, the driving force in the development and research of automotive electronic technology is leading most car manufacturers to focus on automotive electronics.
On the other hand, the purchaser in the automotive sector aspires to safety, convenience, and energy savings. This desire shows some of the rising requirements for energy-saving and intelligent automobiles. Moreover, the growth of the automotive semiconductor market can be attributed to the rapid adoption of electric vehicles. It has been estimated that consumer demand for security, vehicle safety, and comfort is also responsible for the need for the automotive semiconductor. Motor vehicles such as electric vehicles, solar-powered vehicles, and hybrid electric vehicles are the primary choice as an alternate technology that does not include fossil base fuels. Let us now understand the key component of the automotive semiconductor:
|New powertrain, changing infrastructure, better technology, modularization
|Sensors, high performance computing, big data/analytics, artificial intelligence/deep learning, navigation & guidance
|Vehicles, infrastructure, cloud, wearables & personal devices
|Mobility as a service
|Ridesharing, car sharing, flexible bus, micro mobility, delivery
With the global demand for semiconductors, the automobile industry has started relying on semiconductors. As per the reports, the automotive semiconductor sales in the year 2019 accounted for nearly USD 37 Billion, which is expected to increase to USD 200 Billion in the year 2040 across the globe. There are some of the benefits that are provided by semiconductors to the automobile industry
With the entry of new players advancement has been made in the automotive semiconductor. The key market players of the automotive semiconductors sector are written as follows-
1- Robert Bosch
3- Infineon Technologies
4- NXP Semiconductors
5- Sensata technologies
7- Allegro Microsystems
8- Magna International
9- TE Connectivity
A prominent company Continental has recently widened its sensor portfolio by launching sensors for electric vehicles. The name of the sensors is Current Sensor Module and Battery Impact Detection System. Other than this, in October 2021, Infineon Technologies introduced SL137 automotive security controller. This is an easy-to-design and reliable trust anchor to secure safety-critical automotive applications.
The above-written points are testimony that semiconductor holds innumerable opportunities in the automobile sector. From the perspective of an investor, it is always prudent to know the intricacies of the market. Recently research nester has published a research report, which includes all the important parameters of the market. Knowing the scenarios will always help out in making sound decisions for the business. Parameters such as market constraints, regional analysis, etc. are crucial to understand.