INDIA AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST 2022-2028

The India automotive semiconductor market is set to project a CAGR of 10.59% during the forecast period, 2022-2028, and reach a revenue of $3820.27 million by 2028.

India’s automotive sector has the largest tractor, two-wheeler, and three-wheeler manufacturer globally. Also, the growing middle-class population and the rising demand for passenger cars contribute to the increased demand for automotive semiconductors.

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In India, the industries sourcing semiconductors are witnessing huge demands. Semiconductors find increasing applications in the end-use industries like telecommunications equipment, automobiles, information technology, office automation (IT & OA), mobile devices, etc. Further, with the growing penetration of the IoT, the next generation of interconnected devices will raise the demand for intelligent computing. Such aspects will raise the demand for semiconductors.

Furthermore, the country is adopting several steps to adopt alternate fuels for automotive, starting with electric cars. Therefore, the rising demand for semiconductor products with regard to smart ECUs (Electronic Component Units) for efficient driving offers growth opportunities. Also, with increasing features in cars, there will be a growing reliance on semiconductors solutions.

As per the recent Economic Survey 2022, carmakers had 7 lakh pending orders as of December 2021. In addition, the continuous innovations and developments in the automotive industry have made electronics an indispensable part of the transformation from conventional mechanical systems to electronic systems. Such factors offer growth opportunities for the India automotive semiconductor market.

The India automotive semiconductor market scope entails application, component, fuel type, and vehicle type. The component segment includes lighting devices, memory type, processors, analog ICS, discrete power devices, and sensors.

An analog integrated circuit (IC) is the basic component of most electronic devices. Examples of analog IC include sensors, power management circuits, and operational amplifiers. It has an output signal that follows a continuous input signal. In its input stage, the voltage or signal is received from a source, while in the second stage, the amplification boosts the signal received for processing it efficiently. The continuous signals entail functions like active filtering, demodulation, mixing, and amplification.

With regard to automotive applications, the design of ICs faces several challenges concerning good electromagnetic compatibility, high voltage capability, protection against overvoltage and short-circuit conditions, etc. Nowadays, automotive electronics suppliers prefer a system-on-chip approach to achieve the rising reliability requirements. Additionally, smart power technologies facilitate the combination of multiple power outputs, analog functions, and logic stages on one chip. Also, special design initiatives are essential for analog circuits to gain accuracy and function under tough conditions caused due to high power dissipation.

The rising concerns regarding road safety and high innovations in technological advancements in lighting components constitute the automotive lighting standards. Besides, the automotive lighting applications include interior light systems, rear lights, and static & dynamic headlights. The semiconductor technologies impact roadmaps’ interior & rear light and headlight systems.

The processor segment comprises digital signal processors, microcontroller units (MCUs), and microprocessor units. The use of different types of microcontrollers to handle operations like processing applications, electrical systems, and automobiles has surged. The varied types of microcontrollers used in automobiles include PIC, 815, AVR, etc. They require a chip encompassing an automobile’s range, program memory, RAM, and CPU.

Some of the prominent market players in the India automotive semiconductor market are ASM Technologies Ltd, NXP Semiconductors NV, Tata Elxsi, etc.

NXP Semiconductors NV provides standard products and mixed-signal solutions for applications like computing, mobile, industrial, lighting, wireless infrastructure, automotive, etc. Also, the company offers products for in-vehicle networking and visual & audio head-end unit applications. It operates in over 30 countries worldwide, with headquarters in Eindhoven, the Netherlands.

One of its products, S32K Microcontrollers, is a 32-bit scalable family for automotive body, electrification, and zone control applications.

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