Americas EV Semiconductor Market 2024

Market Overview

Within the Americas region, the United States, Canada, Mexico, and Brazil emerge as the primary contributors to the EV semiconductor market. Notably, Canada recently enacted significant regulations mandating that all passenger cars, SUVs, crossovers, and light trucks sold by 2035 must be zero-emission vehicles, aligning with the government’s comprehensive strategy to combat climate change. The Americas EV semiconductor market size will reach a value of US$8,296 million by 2029, reflecting a CAGR of 28.9% from 2024 to 2029. BEV was the primary revenue contributor in 2023.

Moreover, the number of EV charging ports in the United States has nearly doubled within the past three years. California’s commitment to phasing out gasoline-powered vehicles by 2035 and mandating the sale of PHEV or fully EV by that year has been instrumental in driving this shift.

While the Latin American region has been slower in embracing EV adoption compared to other parts of the Americas, governments in the region are starting to implement ambitious initiatives to promote the use of EV and facilitate the transition to cleaner transportation. The trend in these markets is progressively shifting towards the adoption of BEV.

The Americas market for EV semiconductors is divided into product types, namely discrete, analog, logic, memory, and others. The Americas EV discrete segment is anticipated to attain a remarkable growth rate of 30.1% over the forecast period from 2024 to 2029, ultimately reaching a revenue of USD 2,572 million by 2029. Discrete semiconductors are critical components of EV powertrains and perform essential functions such as regulating voltage, reducing power consumption, and minimizing heat generation.

In terms of end-users, the EV semiconductor market can be classified into five segments: powertrain, chassis & safety, telematics & infotainment, ADAS, and body & others. From 2024 to 2029, the size of the Americas EV ADAS segment is expected to grow at a CAGR of 34.4% to reach USD 1,463 million, at which time the penetration of ADAS segment is expected to reach 17.6%. ADAS encompasses a range of features including automatic emergency braking (AEB), park assist systems (PAS), adaptive front lights, blind spot detection, adaptive cruise control (ACC), forward collision warning system (FCWS), and night vision systems. These features are enabled by various semiconductors such as radar microcontrollers, LiDAR detectors, image sensors, memory ICs, digital signal processors (DSPs), LEDs, and ultrasonic sensors.

The Americas EV semiconductor market is dominated by the top five companies, namely Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., STMicroelectronics N.V., and Texas Instruments Inc. Together, they hold a market share of over 55-60% in 2023.

Additionally, there are several other notable players operating in the Americas EV semiconductor market. These include Allegro MicroSystems Inc., Ambarella, Inc., ams-OSRAM AG, Analog Devices, Inc., Broadcom Inc., BYD Semiconductor Co., Ltd., Cirrus Logic Inc., Diodes, Inc., Elmos Semiconductor SE, Fuji Electric Co., Ltd., Hon Hai Precision Industry Co., Ltd., indie Semiconductor Inc., Intel Corp., Littelfuse, Inc., LX Semicon Co., Ltd., Macronix International Co., Ltd., MaxLinear, Inc., MediaTek Inc., Melexis N.V., Microchip Technology Inc., Micron Technology, Inc., Mitsubishi Electric Corp., Monolithic Power Systems, Inc., Murata Manufacturing Co., Ltd., Nanya Technology Corp., Nuvoton Technology Corporation, NVIDIA Corp., ON Semiconductor Corp., Qorvo Inc., QUALCOMM, Inc., Robert Bosch GmbH, ROHM Co., Ltd., Samsung Electronics Co., Ltd., Semtech Corporation, Silicon Motion Technology Corporation, SK Hynix, Inc., Sony Semiconductor Solutions Corporation, Toshiba Electronic Devices & Storage Corporation, Vishay Intertechnology, Inc., VisIC Technologies Ltd., Western Digital Corp., Wolfspeed Inc., and Wolfspeed, Inc., among others.

This study aims to analyze the Americas market for various segments of EV semiconductor, including:
Product Type: Discrete, Analog, Logic, Memory, and Others.
EV Type: PHEV (Plug-in Hybrid Electric Vehicle) and BEV (Battery Electric Vehicle).
End-User: Powertrain, Chassis & Safety, Telematics & Infotainment, ADAS, and Body & Others.
Region: Americas.

Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 6
Part 2. Scope and Methodology 7
Report Scope 8
Product Type 8
EV Type 8
End-User 8
Region 8
Research Methodology 9
Part 3. EV Semiconductor Market Overview 11
Summary 12
Introduction 16
Part 4. Market Dynamics 19
Growth Drivers and Future Trends 19
Restraints and Challenges 21
Opportunities 29
Part 5. Americas EV Semiconductor Market by Product Type 37
Discrete 39
Analog 41
Logic 43
Memory 45
Others 47
Part 6. Americas EV Semiconductor Market by EV Type 49
PHEV 52
BEV 54
Part 7. Americas EV Semiconductor Market by End-User 56
Powertrain 59
Chassis & Safety 61
Telematics & Infotainment 63
ADAS 65
Body & Others 67
Part 8. Competitive Analysis 69
Competition Overview 69
Recent Developments 71
Infineon Technologies AG 73
Business Overview 73
Contact Information 75
STMicroelectronics N.V. 76
Business Overview 76
Contact Information 79
Texas Instruments, Inc. 80
Business Overview 80
Contact Information 82
NXP Semiconductors N.V. 83
Business Overview 83
Contact Information 85
Renesas Electronics Corporation 86
Business Overview 86
Contact Information 86
Analog Devices, Inc. 87
Business Overview 87
Contact Information 89
ON Semiconductor Corp. 90
Business Overview 90
Contact Information 93
ROHM Co., Ltd. 94
Business Overview 94
Contact Information 96
Other Leading Competitors 97
Disclaimer 98
FIGURES AND TABLES
Americas EV Semiconductor Market, Net Growth, 2020-2029 (USD Million)
Americas EV Semiconductor Market by Product Type, 2020-2029 (USD Million)
Americas EV Semiconductor Market by Product Type, CAGR Historic and Forecast, 2020-2029
Americas EV Semiconductor Market by EV Type, 2020-2029 (USD Million)
Americas EV Semiconductor Market by EV Type, CAGR Historic and Forecast, 2020-2029
Americas EV Semiconductor Market by End-User, 2020-2029 (USD Million)
Americas EV Semiconductor Market by End-User, CAGR Historic and Forecast, 2020-2029
Americas Top EV Semiconductor Market Share (%), by Competitor, 2023
Infineon Technologies AG Financial Overview (EUR Million)
Infineon Technologies AG Revenue, by Segment, 2023
Infineon Technologies AG Revenue, by Region, 2023
STMicroelectronics N.V. Financial Overview (EUR Million)
STMicroelectronics N.V. Revenue, by Segment, 2022
STMicroelectronics N.V. Revenue, by Nature, 2022
STMicroelectronics N.V. Revenue, by Market Channel, 2022
STMicroelectronics N.V. Revenue, by Region, 2022
Texas Instruments, Inc. Financial Overview (USD Million)
Texas Instruments, Inc. Revenue, by Segment, 2022
Texas Instruments, Inc. Revenue, by Region, 2022
NXP Semiconductors N.V. Financial Overview (USD Million)
NXP Semiconductors N.V. Revenue, by Segment, 2022
NXP Semiconductors N.V. Revenue, by Sales Channel, 2022
NXP Semiconductors N.V. Revenue, by Region, 2022
Renesas Electronics Corporation Financial Overview (JPY Billion)
Analog Devices, Inc. Financial Overview (USD Million)
Analog Devices, Inc. Revenue, by Sales Channel, 2023
Analog Devices, Inc. Revenue, by Segment, 2023
Analog Devices, Inc. Revenue, by Region, 2023
ON Semiconductor Corp. Financial Overview (USD Million)
ON Semiconductor Corp. Revenue, by Segment, 2022
ON Semiconductor Corp. Revenue, by Region, 2022
ON Semiconductor Corp. Revenue, by Sales Channel, 2022
ROHM Co., Ltd. Financial Overview (JPY Billion)
ROHM Co., Ltd. Revenue, by Segment, 2023
ROHM Co., Ltd. Revenue, by Region, 2023