Automotive Semiconductor market in Europe is expected to grow from US$ 9,257.4 Mn in 2017 to US$ 17,613.0 Mn by the year 2027. This represents a CAGR of 6.6% from the year 2018 to 2027.
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Ongoing Collaborations Between Automotive OEMs and Semiconductor Manufacturers Drive Growth in the Europe Automotive Semiconductor Market
The growing integration of advanced electronics in vehicles is placing increased pressure on global automotive manufacturers to adopt high-performance semiconductor solutions. This trend is significantly contributing to the expansion of the automotive semiconductor market across Europe. One of the primary drivers behind this growth is the accelerating shift toward vehicle electrification, which demands more sophisticated electronic components.
To meet evolving consumer expectations for safety, performance, and reliability, automakers are increasingly forming strategic partnerships with semiconductor manufacturers. A notable example is the collaboration between Audi AG and ON Semiconductor, announced in January 2018. This partnership aims to leverage ON Semiconductor’s innovations and incorporate advanced semiconductor technologies into Audi’s new vehicle models, aligning with the industry’s technological evolution.
In addition, the rising demand for electric and autonomous vehicles continues to fuel the need for cutting-edge semiconductors. European carmakers are actively innovating and developing autonomous driving technologies, which require high-performance chips to support complex functionalities. With growing consumer interest in smart and fully autonomous vehicles, semiconductors are becoming indispensable to the next generation of automotive design.
To address these market demands, both automotive and semiconductor sectors are intensifying efforts to advance technologies, manage raw material costs, and seamlessly integrate robust electronic systems into vehicles. For instance, in 2018, Intel introduced the first autonomous vehicle in its 100-car test fleet. Furthermore, companies like Nissan, BMW, and Volkswagen are adopting Mobileye-based mapping systems, while Intel has also entered into partnerships with NavInfo and SAIC Motor to extend crowdsourced map-building efforts into China.
These strategic initiatives and collaborations are playing a vital role in accelerating the growth of the Europe automotive semiconductor market.
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Germany is anticipated to leads the automotive semiconductor market across the European region through the forecast period. Germany is the largest contributor in the automotive market share of the region. A growing automotive electronics and rapid inclination of automotive manufacturers for including electronics integrations due to the emergence of autonomous driving and advanced driver assist systems has resulted in the higher demands for the automotive semiconductor. Germany has over 40 semiconductor fabs that are run by various companies that include NXP, Infineon, the Fraunhofer Institute research organization, and Osram/Siemens. Also, U.S. based companies including Texas Instruments and Global foundries have fabs in the country. This bolster the Europe automotive semiconductor market on the forecast period.
Europe Automotive Semiconductor Market Segmentation
By Components: Europe Automotive Semiconductor Market
- Optical Devices
- Sensors & Actuators
- LED
- Image Sensor
- Position Sensor
- Temperature Sensor
- Pressure Sensor
- Others
- Memory
- DRAM
- Flash
- Microcontrollers
- Analog ICs
- Logic and Discrete Power Devices
By Application: Europe Automotive Semiconductor Market
- Advanced Driver Assistance Systems
- Body Electronics
- Infotainment
- Powertrain
- Safety Systems
Vehicle Type: Europe Automotive Semiconductor Market
- Passenger Cars
- Lightweight Commercial Vehicle
- Heavyweight Commercial Vehicle
By Country: Europe Automotive Semiconductor Market
- France
- Germany
- UK
- Italy
- Spain
- Russia
- Rest of Europe
Companies Mentioned: Europe Automotive Semiconductor Market
- NVidia Corporation
- Intel Corporation
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Rohm Semiconductor
- Texas Instruments Inc.
- Renesas Electronics Corporation
- Robert Bosch Gmbh
- ON Semiconductor Corporation
- STMicroelectronics N.V.
Europe Automotive Semiconductor Market Strategic Insights
Strategic insights for the Europe Automotive Semiconductor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Automotive Semiconductor Regional Insights
The geographic scope of the Europe Automotive Semiconductor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
