The automotive semiconductor market was worth $37.5 billion in 2017 up 15% from 2016. The electronics content continues to increase per car from $312 in 2013 to $460 in 2022. This leads to a healthy 6.7% CAGR from 2017 to 2024 when the market will top $58 billion. Global auto electronics market was bullish at the first half of 2017 and was steady in the second half due to the improved EU and China market, depite a slowdown in the US and Japan markets. Electronics for Advanced Driver Assist Systems (ADAS) is the fastest growing segment with 18% CAGR. Automotive systems sold in the developed nations will also continue to add new features in segments such as fuel saving enhancements (mostly based on electronics), premium audio systems, connected navigation systems, and many other connected car features (from Internet radio to mobile search and cloud-based content). Autos sold in emerging markets will also grow in electronics sophistication, but starting from a lower level.
Among all semiconductor device categories, Microcomponent IC will grow the fastest over the next five years driven by automated driving and increased number of sensors. Optical semiconductors, memory ICs, and Analog ICs are the next three fastest growing categories. The Automotive Semiconductor Market Tracker gives a quarterly update of the semiconductor market and supplier landscape. It quantifies the market in term of units and revenue by application and by semiconductor type with regional breakout. It also includes in-depth market analysis of more than 100 automotive semiconductor suppliers.
Senior Director, MEMS & Sensors
Jérémie Bouchaud is unique to the MEMS industry – his breadth of MEMS device and application knowledge is unmatched, particularly in terms of automotive, consumer markets and RF MEMS.