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At present, the requirement for semiconductors in the automotive sector of APAC is met by Analog Devices Inc., ON Semiconductor Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Infineon Technologies AG.
APAC Automotive Semiconductor Market Growth by Forecast to 2030
APAC Automotive Semiconductor Market Size, Segments,
Emerging Technologies and Market Growth by Forecast to 2030
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The International Energy Agency (IEA) forecasts that the stock of battery electric vehicles
(BEVs) and plug-in hybrid electric vehicles (PHEVs) in China will reach 38,570,612 units
(cars) and 13,483,273 units (cars), respectively, by 2030. The IEA also predicts that the stock
of BEVs (cars) and PHEVs (cars) in India will reach 7,279,298 units and 941,381 units,
respectively, by 2030. The increasing sales of these vehicles will create a huge requirement
for automotive semiconductors in the Asia-Pacific (APAC) region in the coming years due to
their extensive use in electric vehicle (EV) batteries.
Moreover, the increasing integration of advanced mobility solutions, such as autonomous
driving technology, owing to the rising awareness about vehicle safety, will fuel the APAC
automotive semiconductor market growth in the foreseeable future. Autonomous driving
features, such as blind-spot detection (BDS), adaptive cruise control (ACC), automatic
parking system, glare-free high beam and pixel lights, automatic emergency braking system,
automotive night vision system, crosswind stabilizer, lane change assistance system, and
driver drowsiness detection system, work with the help of semiconductors.
Such advanced driver-assistance systems (ADAS) are being integrated into internal
combustion engine (ICE)-based vehicles and EVs to offer efficient driving options and meet
the extensive demand for improved passenger safety. Thus, the surging sales of ICE-powered
vehicles will also augment the need for semiconductors in APAC in the forthcoming years.
For instance, the International Organization of Motor Vehicle Manufacturers (OICA) states
that 2,851,268 units of passenger cars and 384,017 units of light commercial vehicles (LCVs)
were produced in India in 2020.
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Additionally, the surging focus of original equipment manufacturers (OEMs) on attracting
more buyers with cutting-edge features is creating a huge requirement for semiconductors in
APAC. As China is the leading manufacturer of automobiles in the world, automotive
manufacturing facilities in the country are adopting semiconductors in abundance.
Automakers are integrating semiconductors in passenger cars, two-wheelers, LCVs, and
medium and heavy commercial vehicles (M&HCVs) driven by both ICEs and battery and
motors.
At present, the requirement for semiconductors in the automotive sector of APAC is met by
Analog Devices Inc., ON Semiconductor Corporation, STMicroelectronics N.V., Texas
Instruments Incorporated, Infineon Technologies AG, Robert Bosch, Renesas Electronics
Corporation, Toshiba Corporation, Sensata Technologies Holding N.V., NXP Semiconductors
N.V., and Rohm Co. Ltd. The semiconductors manufactured by these companies are mostly
integrated into passenger cars. In the coming years, the burgeoning sales of sport utility
vehicles (SUVs) and crossover vehicles will fuel the adoption of semiconductors.
According to P&S Intelligence, China and Japan dominate the APAC automotive
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semiconductor market due to the expanding automobile industry of these countries. The
flourishing automotive industry in China can be credited to the improving living standard and
escalating disposable income of people. In the coming years, South Korea and India will also
adopt a significant volume of semiconductors due to the burgeoning demand for EVs and
ICE-based automobiles. For instance, according to the OICA, 3,394,446 units and 3,506,774
units of automobiles were produced in India and South Korea, respectively, in 2020.
Thus, the mounting EV and ICE-based vehicle sales and increasing integration of ADAS in
such automobiles will create an extensive requirement for semiconductors in the upcoming
years.
This study covers
1. Historical and the present size of the APAC Automotive Semiconductor Market
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their
comparative future potential
4. Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings
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