Automotive Semiconductor Market: 3 Technology-Driven Trends Outline

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Automotive Semiconductor Market 3 Technology-
Driven Trends Outline
Semiconductors have facilitated several
innovations in automotive technology, including
DRAM NAND flash, sensors, vision-based graphics
processing units (GPUs), etc. With cars becoming
increasingly complex, there will be a steady
demand for automotive conductors. According to
Inkwood Research, the global automotive
semiconductor market is projected to register a
CAGR of 9.47 during the forecast period,
2022-2030. As per our analysis, Flash is the
largest revenue-generating memory type in the
automotive semiconductor market, set to record a
revenue share of 60.12 by 2030. Sustainability
policies, surging use of technologies,
developments in emerging markets, innovative
business models, rising automation, and
digitization have revolutionized industries and
economies globally. The automotive semiconductor
industry is no exception. In the last few years,
there have been many simultaneous disruptions in
the automotive industry. These include the
integration of different technologies into the
mass production of cars, improved LIDAR sensors,
matrix LED lights, and enhancements in EV
batteries, 3D mapping applications, and
augmented-reality technologies like heads-up
displays.

• In this regard, Inkwood Research lists the three
  technology-driven trends shaping the automotive
  semiconductor market
• Connected Cars
• Semiconductors are the major constituent of
  electronics in technologically-advanced
  automobiles. They are used for critical functions
  like power management, safety features, sensing,
  and control display of the vehicle. They
  process the captured data using on-vehicle
  computing systems that

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• provide timely, accurate, and reliable control
  systems for the car. These can be achieved
  through ultrasonic sensors, radar, light
  detection, and image cameras.
• Online navigation and hands-free mobile service
  are the current standards in new vehicles.
  However, at present, automotive players are
  moving toward the next way of innovation in
  connected cars. The new offerings include
  telematics services reliant on human-machine
  interfaces, including eCall and voice assistance.
  Such developments help alert drivers about
  available parking spaces, collision avoidance,
  and road closures. Connected cars and telematics
  facilitate valuable insights into performance and
  vehicle operations, safety services, remote
  diagnostics, etc.
• Accordingly, 5G networks are predicted to
  supplement vehicle-to-vehicle and vehicle-to-
  infrastructure connectivity. For instance,
  Deutsche Telekoms SmartHome app allows users to
  adjust their homes lighting and heating while on
  the road.
• Overall, connectivity strongly influences
  vehicle-purchase decisions. As a result,
  connectivity solutions, with their increasing
  importance, are set to raise revenue for OEMs.
• Vehicle Electrification
• The automobile industry is steadily integrating
  electronics into cars to enhance infotainment,
  system monitoring, safety, navigation, etc. Also,
  the thriving automotive market offers lucrative
  opportunities for automotive semiconductors to
  supplement improved sensors, increased
  connectivity, and battery performance in electric
  vehicles.
• Further, the automotive semiconductor content in
  hybrid and electric cars is higher than in
  conventional cars. Besides, electric vehicles
  need hundreds of semiconductors than average
  combustion-engine cars. In addition, such
  vehicles need power metaloxidesemiconductor
  field- effect transistors (MOSFETs),
  application-specific integrated circuits,
  microprocessors, and high- performance
  microcontrollers.
• Furthermore, semiconductors allow electric
  vehicles to become safer and smarter. For
  instance, they support touch-screen interactivity
  with the driver and passenger and electric
  vehicle (EV) batteries and components in the
  power train. Semiconductor chips facilitate power
  systems that apply updates to firmware. Also,
  the need for semiconductors increases with the
  growing digital advancements in electric
  vehicles.
• Moreover, semiconductor innovations can enable
  longer and more efficient battery life. This is
  because common electric batteries rely on
  outdated technologies, limiting their
  performance, further reducing the life span and
  raising the costs of electric vehicles.
  Accordingly, semiconductor chemistries like
  Silicon Carbide (SiC) and Gallium Nitride (GaN)
  enable operations for EV batteries at higher
  voltages compared to traditional silicon wafers.
  For instance, Tesla Model 3 uses Silicon Carbide
  MOSFETs for its main inverter.
• Advanced Driver Assistance Systems (ADAS)
• Advanced Driver Assistance Systems (ADAS) are
  assistance systems based on electronic control
  technology. They use sensors like cameras and
  radar to perceive the surroundings and provide
  the required information to the driver to take
  action. Automotive processors integrated with
  neural processing units (NPUs) for AI processors
  are the brainpower of these systems, assessing
  signals from onboard sensors to recognize
  obstacles and lane markings. The continual demand
  for driver assistance systems is raising the
  demand for advanced semiconductors in automotive.
  Chips with

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• built-in intelligence, known as
  application-specific integrated circuits (ASICs),
  are customized to a specific application.
• Most of the automotive sectors increasing
  importance as a revenue source for semiconductor
  companies is attributed to the shift to ADAS.
  This is because these systems should instantly
  process data while responding to unexpected
  changes like sudden stops in traffic. Such
  capacities need multiple interconnections within
  the high-performance chips and vehicle.
  Consequently, they have a centralized electrical
  and electronic (E/E) architecture and more
  electronics content and sensors compared to
  traditional vehicles.
• According to our estimations, Advanced Driver
  Assistance Systems (ADAS) are expected to garner
  the largest revenue share of 28.69 by 2030.
• Automotive Semiconductor Market What Lies Ahead?
• The internal-combustion engine (ICE) has been the
  source of innovation and value in the automotive
  industry for a century. However, the world is now
  entering a new automotive age with cars
  differentiated by functionalities facilitated by
  electronics and semiconductors. This transition
  places semiconductors at the heart of
  automotive innovation, bringing together the
  automotive, computing, and semiconductor
  industries.
• At the same time, this transition has significant
  implications, with the aforementioned technology-
  driven trends, namely connected cars, vehicle
  electrification, and ADAS, set to raise the
  semiconductor content in cars by ten-fold. Such
  developmental trends, along with the continual
  shift from direct subsidies to policy approaches
  that depend on regulatory measures like fuel
  economy standards and zero-emission vehicle
  mandates, are evaluated to influence the global
  automotive semiconductor market growth.
• FAQs
• Which are the key companies in the global
  automotive semiconductor market?
• A STMicroelectronics NV, Infineon Technologies
  AG, Renesas Electronics Corporation, NXP
  Semiconductors NV, etc., are among the key
  companies in the global automotive semiconductor
  market.
• Which country projects lucrative growth prospects
  in the global automotive semiconductor market?
• A India projects lucrative growth prospects in
  the global automotive semiconductor market.