Automotive Semiconductor Market: 3 Tech-Driven Trends Outline

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Automotive Semiconductor Market 3 Tech-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. As per Inkwood Research, the global
automotive semiconductor market is projected to
register a CAGR of 9.84 between 2024 to
2032. Sustainability policies, surging use of
technologies, 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.

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  Semiconductor Market
• This blog explores 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 provide timely, accurate,
  and reliable control systems for the car. These
  can be achieved through ultrasonic sensors,
  radar, light detection, and image

cameras.
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• 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.
• 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, and as a
  result, connectivity solutions, with their
  increasing importance, are set to raise revenue
  for OEMs.
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  Automotive Semiconductor Market
• 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.
• Semiconductors allow electric vehicles to become
  safer and smarter, as well. 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 and tech
  innovations.
• But, how are innovations in semiconductors
  expected to shape the battery landscape?
• 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 built-in
  intelligence, known as application-specific

integrated circuits (ASICs), are customized to a
specific application. According to Inkwood
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• Researchs estimations, advanced driver
  assistance systems (ADAS) are expected to garner
  the largest revenue share in the global market by
  2032.
• 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.
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  related to this market
• 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.
• Global 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.
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• 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.