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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Collaboration Between Automotive OEMs and Semiconductor Manufacturers Drives Growth in Europe’s Automotive Semiconductor Market
The automotive industry is under increasing pressure to integrate advanced electronics and semiconductor components into vehicles to enhance performance, safety, and efficiency. A key factor fueling this trend is the rapid electrification of vehicles, which is significantly boosting demand for semiconductors in the automotive sector. To meet evolving consumer expectations, automakers are forming strategic partnerships with semiconductor manufacturers. For example, in January 2018, Audi AG collaborated with ON Semiconductor to incorporate cutting-edge semiconductor technology into its newer models, ensuring improved safety, reliability, and performance. Such partnerships are creating substantial growth opportunities for the Europe automotive semiconductor market.
Rising Demand for Electric and Autonomous Vehicles Accelerates Market Expansion
The growing popularity of electric vehicles (EVs) is a major driver for the Europe automotive semiconductor market. Automakers are increasingly prioritizing innovation in autonomous vehicle (AV) technology, which has already gained traction in key automotive markets. As consumer interest in smart and fully autonomous cars grows, semiconductors are set to play a pivotal role in shaping the future of the automotive industry.
To meet these demands, both automotive and semiconductor companies are focusing on technological advancements, optimizing raw material costs, and integrating robust solutions into next-generation vehicles. For instance, in 2018, Intel unveiled its first autonomous vehicle as part of a 100-car test fleet. Leading automakers such as Nissan, BMW, and Volkswagen have adopted Mobileye-based mapping systems, while Intel also partnered with NavInfo and SAIC Motor to expand crowdsourced mapping initiatives in China. These developments underscore the industry's commitment to innovation, further propelling the growth of Europe’s automotive semiconductor market.
By fostering collaboration and advancing semiconductor integration, the automotive industry is poised to meet the rising demand for smarter, safer, and more efficient vehicles in the years ahead.
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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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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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