Adroit Market Research predicts that the global automotive semiconductor industry will grow at an annual rate of 10% and reach US$153 billion by 2032. The automotive semiconductor market will reach US$59.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2032, reaching US$153.11 billion. Despite early supply chain difficulties caused by the COVID-19 pandemic, the market has proven resilient and continues to grow, primarily due to a rebound in the automotive industry and rapid adoption of cutting-edge semiconductor technologies.
Demand for power management semiconductors, such as those used in battery management systems and power electronics for electric powertrains, continues to increase due to the shift to electric and hybrid vehicles.
Due to the shift to electric mobility, there is growing demand for semiconductor solutions designed specifically for electric powertrains, battery management systems and charging infrastructure. This change provides semiconductor companies with the opportunity to create products tailored for electric and hybrid vehicles. Opportunities for cutting-edge control and power management systems.
Separately, another driver of the automotive semiconductor market is the need for complex semiconductors for tasks such as sensing, processing, and actuation brought about by the creation and implementation of advanced driver assistance systems (ADAS). In addition, the development of smart and autonomous vehicles and the integration of connectivity solutions have increased the demand for automotive semiconductors, especially applications related to advanced processing, in-vehicle networking and vehicle-to-everything (V2X) communications.
Semiconductor Applications in Automobile Manufacturing
As mentioned earlier, the increasing use of electronic products in automobiles has promoted automobile manufacturers' deep dependence on semiconductors. This change has been fully exposed in the context of the epidemic, geopolitical situations, and semiconductor supply interruptions, and it has also revealed how automobile manufacturers are relying on semiconductors. Deeper structural changes in supply chains.
New semiconductors in cars: major improvements in connectivity
Vehicle-mounted GPS is an important technology that has seen significant improvements over the past decade. This GPS operates by integrating modern semiconductors in the vehicle, with the system behind it being an advanced legacy node semiconductor system. This finely tuned system is installed during the manufacturing and assembly of modern vehicles. All critical data is processed by multifunctional semiconductor chips to ensure accurate and rapid vehicle control.
Semiconductor chips are critical to smooth engine operation
The strategic position of semiconductors in automobiles enables various components to operate efficiently. In the engine control unit (ECU) section, there are many ECUs in every car. Each ECU performs a specific task, mainly regulating various basic engine performance parameters, such as analyzing engine temperature and pressure sensor data. , adjust fuel injection for optimal combustion, optimize ignition timing, and manage emissions. In summary, semiconductors in cars are critical to improving fuel efficiency and reducing greenhouse gas emissions.
The role of semiconductor chips in power steering systems
Hyundai cars are equipped with modern systems to assist the driver, known as Advanced Driver Assistance Systems (ADAS), which are suitable for controlling the vehicle while cruising at high speeds on the highway, as well as providing assistance when driving in the same lane.
Semiconductor chips in these systems help improve vehicle safety by enhancing vehicle handling and steering feedback, adjusting steering torque based on vehicle speed and providing active torque in critical driving situations. These semiconductor chips eliminate the need for hydraulic components, simplifying the manufacturing process.
Companies are currently designing new semiconductor chips for electric power steering (EPS) systems, which include key semiconductor components such as power supplies, microcontrollers, half-bridge drivers, MOSFETs, CAN transceivers and sensors.
Semiconductor MEMS in Automobiles
Technology plays a pivotal role in automotive semiconductors. MEMS-based semiconductors provide the automotive industry with advanced execution and sensing capabilities that help improve vehicle safety, comfort and performance. This technology enables intelligent systems to monitor and respond to various vehicle and environmental conditions, improving the overall driving experience.
Semiconductor technology: the backbone of electric vehicles (EVs)
Traditional cars use fuel or gas, which releases harmful gases that are one of the main factors causing global warming and ozone layer destruction. The use of battery-powered electric vehicles is at the forefront of various strategies pursued in recent years.
Traditional companies use silicon semiconductor chips to make automotive electronics. However, researchers have been taking advantage of new semiconductor materials, including silicon carbide (SiC) and gallium nitride (GaN), for automotive applications that go beyond silicon, especially in the high-power applications necessary for electric vehicles (EVs) aspect.
Nowadays, most researchers and companies are focusing on how to extend the time a car can run on battery power, which is critical in areas without charging stations. The biggest electric cars currently equipped with batteries have less time to travel between charges. Distances can be up to 400 miles or 640 kilometers.
Silicon carbide (SiC) has been developed for decades and is quickly becoming the material of choice for electric vehicle manufacturers due to its ability to reduce conduction and switching losses and its higher maximum operating temperature. SiC already powers millions of electric vehicles on the road, and with the ability to switch on and off tens of thousands of times per second, the efficiency of these transformative power semiconductor devices has greatly increased, exceeding the 90% mark.
Additionally,autonomous vehicles are expected to revolutionize the transportation industry by providing superhuman safety capabilities. To realize these advanced functions, efficient sensors and computers must be combined, which relies heavily on advanced semiconductor technology.
Research shows that semiconductor wafer revenue is expected to grow nearly 30% over the next 10 to 12 years, mainly due to electronic vehicles and autonomous vehicles.
High-end car market
High-end cars usually have strong performance, high-end configurations and exquisite craftsmanship, and the demand for automotive semiconductors is also more high-end. Therefore, semiconductor products in the high-end automotive market often require higher integration, stronger computing power and more reliable stability.
Mid- to high-end automobile market
The mid-to-high-end automobile market includes some well-known international and domestic brands. The cars of these brands are usually between high-end and low-end in terms of configuration and performance, and the demand for semiconductors is also between the two. In this market, some well-known domestic semiconductor companies have fierce competition.
low-end car market
The low-end car market mainly includes some entry-level cars and some economical models of mass brands. These cars have relatively low requirements for semiconductor products and pay more attention to cost and stability. In this market, some domestic semiconductor manufacturers pay more attention to cost control and the applicability of chip functions.
Generally speaking, with the rapid development of the automotive industry, the demand for automotive semiconductors is also increasing, and the market competition is fierce. Major international and domestic semiconductor companies have increased their presence in the automotive market and promoted technology and product innovation to meet the needs of different automotive markets.
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