The market size of the EV semiconductor market in Asia Pacific in terms of revenue is expected to reach USD 35,177 million in 2029, representing a CAGR of 35.2% from 2024 to 2029. The Asia-Pacific region holds significant potential for EV penetration, particularly in densely populated countries like India, China, and Japan. While Europe may lead in terms of EV penetration, Asia-Pacific is expected to regain its market dominance in terms of EV sales and revenue in the EV semiconductor market. The majority of the revenue in the Asia-Pacific market comes from China, which is the largest EV market globally in terms of vehicle sales.
China has received generous support from its government in establishing a comprehensive EV ecosystem, which has contributed to the growth of the EV market in the country. However, changes in incentive structures, government policies, and the impact of COVID-19 disrupted the EV market growth in China in 2020. To mitigate this, the Chinese government plans to extend the tax exemption policy for the purchase of new energy vehicles until the end of 2027. The intensity of the exemption will gradually decrease on an annual basis, with an estimated total of 520 billion yuan in vehicle purchase tax exemptions from 2024 to 2027. This policy has been extended multiple times since 2014, with the cumulative scale of tax exemptions exceeding 200 billion yuan by the end of 2022 and projected to surpass 115 billion yuan in 2023.
The Asia Pacific market for EV semiconductors is divided into product types, namely discrete, analog, logic, memory, and others. In 2023, the Asia Pacific revenue generated by discrete EV semiconductors is forecasted to reach a substantial $11,075 million, indicating an impressive incremental growth of $8,710 million and a CAGR of 36.2% from 2024 to 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. The ADAS segment is projected to be the fastest-growing segment in the EV semiconductor market. The Asia Pacific ADAS segment are expected to reach $6,611 million by 2029, with a CAGR of 41.5% and incremental growth of $5,446 million from 2024 to 2029. 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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: Asia Pacific
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 17
Part 4. Market Dynamics 20
Growth Drivers and Future Trends 20
Restraints and Challenges 22
Opportunities 30
Part 5. Asia Pacific EV Semiconductor Market by Product Type 38
Discrete 41
Analog 43
Logic 45
Memory 47
Others 49
Part 6. Asia Pacific EV Semiconductor Market by EV Type 51
PHEV 54
BEV 56
Part 7. Asia Pacific EV Semiconductor Market by End-User 58
Powertrain 61
Chassis & Safety 63
Telematics & Infotainment 65
ADAS 67
Body & Others 69
Part 8. Competitive Analysis 71
Competition Overview 71
Recent Developments 73
Infineon Technologies AG 75
Business Overview 75
Contact Information 77
STMicroelectronics N.V. 78
Business Overview 78
Contact Information 81
Texas Instruments, Inc. 82
Business Overview 82
Contact Information 84
NXP Semiconductors N.V. 85
Business Overview 85
Contact Information 87
Renesas Electronics Corporation 88
Business Overview 88
Contact Information 88
Analog Devices, Inc. 89
Business Overview 89
Contact Information 91
ON Semiconductor Corp. 92
Business Overview 92
Contact Information 95
ROHM Co., Ltd. 96
Business Overview 96
Contact Information 98
Other Leading Competitors 99
Disclaimer 100
FIGURES AND TABLES
Asia Pacific EV Semiconductor Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific EV Semiconductor Market by Product Type, 2020-2029 (USD Million)
Asia Pacific EV Semiconductor Market by Product Type, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Semiconductor Market by EV Type, 2020-2029 (USD Million)
Asia Pacific EV Semiconductor Market by EV Type, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Semiconductor Market by End-User, 2020-2029 (USD Million)
Asia Pacific EV Semiconductor Market by End-User, CAGR Historic and Forecast, 2020-2029
Asia Pacific 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