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Powertrain semiconductor market tracker - 2024
The automotive powertrain semiconductor market is poised for significant growth, driven by vehicle electrification, advancements in software-defined vehicles (SDV), and the implementation of advanced driver assistance systems (ADAS) and autonomous driving (AD). S&P Global projects the market will expand from USD 18.4 billion in 2023 to USD 28.3 billion by 2036, with SiC and GaN semiconductors emerging as key contributors, which are expected to achieve a remarkable CAGR of 16% during this period. This growth underscores the critical role of power electronic systems in the evolving automotive powertrain landscape, highlighting lucrative opportunities for stakeholders in the semiconductor sector.
The "Powertrain Semiconductor Market Tracker - 2024" offers a comprehensive analysis of the rapidly evolving automotive powertrain semiconductor landscape, specifically focusing on the critical role of semiconductors in vehicle electrification. As the automotive industry undergoes a significant transformation driven by three primary factors—vehicle electrification, advancements in software defined vehicles (SDV), and the implementation of advanced driver assistance systems (ADAS) and autonomous driving (AD)—this tracker serves as an essential resource for stakeholders seeking to navigate these changes.
Inside the tracker, readers will find detailed market segmentation by device, providing insights into the automotive semiconductor market's dynamics across conventional drivetrains, e-drivetrains, and auxiliary systems. Each section delivers in-depth analysis on market trends, growth projections, and the technological advancements shaping the industry. Notably, the tracker highlights the pivotal role of Silicon Carbide (SiC) and Gallium Nitride (GaN) semiconductors, which are projected to achieve a remarkable Compound Annual Growth Rate (CAGR) of 16% from 2023 to 2036, significantly outpacing the overall automotive semiconductor market growth rates.
This document also provides a thorough analysis of the key powertrain electronics subsystems and their associated semiconductor components. It considers various factors such as propulsion system design (including internal combustion engines, electric, and hybrid systems), fuel type, applicable emission standards, electric motor power, battery type, and other engine characteristics. This comprehensive approach enables the development of a detailed forecast for powertrain semiconductors from 2022 to 2036.
