AutoTechInsight
Automotive semiconductor market tracker – March 2024
A current BEV slowdown is impacting many OEMs, and encouraging a necessary shift of propulsion system in favor of HEVs and prolonged ICE programs. However, the associated shift in propulsion type away from BEV does not (yet) manifest itself strongly in terms of semiconductor demand. HEVs have similar power electronics content to BEVs, while engines will continue to require semiconductor and sensor content.
There is a potential capacity squeeze around memory driven by the increasing demands of SoCs for external NAND and DRAM, but also the needs of generative AI in automotive applications.
Slowdowns in car production, high levels of inventory burning at tier 1s and OEMs and corrections to component ASPs are leading to a slower market growth of semiconductors for the first time in 4 years - just 3.4% from 2023 to 2024, compared to over 24% from 2022 to 2023.
The automotive semiconductor market tracker Database analyzes the automotive semiconductor market for light passenger vehicles. It provides:
- Global shipment forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors
- Revenue forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors automotive electronics by domain and application (sub-domains)
Key issues addressed:
- How big is the automotive electronics semiconductor market, and how fast will it grow in the next six years?
- Trend analysis of semiconductor adoption on the automotive electronics system by shipments and revenue.
