The EMEA region has witnessed a significant growth in the EV market, with Europe leading the way. In fact, Europe accounts for 99% of EV sales in the EMEA region and is also the primary hub for automotive semiconductor manufacturing. However, Europe had to overcome the dominance of Asia in the global EV market, and it has successfully done so by implementing various incentives and regulations that have directly contributed to the increase in EV sales. EMEA EV semiconductor market is forecasted to reach USD 13,607 million in 2029, with a CAGR of 24.2% from 2024 to 2029.
The EMEA market for EV semiconductors is divided into product types, namely discrete, analog, logic, memory, and others. The EMEA revenue generated by discrete EV semiconductors is forecasted to reach a substantial $4,172 million, indicating an impressive incremental growth of $2,813 million and a CAGR of 25.1% 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. In 2023, EMEA ADAS semiconductors are expected to reach $2,256 million by 2029, with a CAGR of 29.2% and incremental growth of $1,630 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 EMEA 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 60-65% in 2023.
Additionally, there are several other notable players operating in the EMEA 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 EMEA 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: EMEA (Europe, the Middle East and Africa)
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 18
Part 4. Market Dynamics 21
Growth Drivers and Future Trends 21
Restraints and Challenges 23
Opportunities 31
Part 5. EMEA EV Semiconductor Market by Product Type 39
Discrete 42
Analog 44
Logic 46
Memory 48
Others 50
Part 6. EMEA EV Semiconductor Market by EV Type 52
PHEV 54
BEV 56
Part 7. EMEA 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
EMEA EV Semiconductor Market, Net Growth, 2020-2029 (USD Million)
EMEA EV Semiconductor Market by Product Type, 2020-2029 (USD Million)
EMEA EV Semiconductor Market by Product Type, CAGR Historic and Forecast, 2020-2029
EMEA EV Semiconductor Market by EV Type, 2020-2029 (USD Million)
EMEA EV Semiconductor Market by EV Type, CAGR Historic and Forecast, 2020-2029
EMEA EV Semiconductor Market by End-User, 2020-2029 (USD Million)
EMEA EV Semiconductor Market by End-User, CAGR Historic and Forecast, 2020-2029
EMEA 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