Semiconductors for new energy vehicles From Overview of automotive electronics industry chain

The following is the Semiconductors for new energy vehicles From Overview of automotive electronics industry chain recommended by recordtrend.com. And this article belongs to the classification: Automobile industry, research report.

1. In the 21st century, new energy vehicles reshape the automobile industry chain.

The automotive industry is facing a century change, similar to the power change from carriage to fuel vehicle in the 19th century. The 21st century pure electric vehicle has not only brought the innovation of energy system to the automobile, but also accelerated the process of automobile electronization. This innovation has stimulated profound changes in the whole industrial chain. From downstream automobile brands to upstream parts suppliers, and then to the underlying semiconductor chip manufacturers, they have ushered in new opportunities, giving new players the opportunity to enter the automobile market.

2. “One liter and three modernizations” of new energy vehicles have become the cornerstone of the demand for automotive electronic hardware and semiconductors. In 2021, the global automotive electronics market is expected to reach US $235.1 billion and the global automotive semiconductor market is expected to reach US $43.6 billion.

The “one liter and three modernizations” of automobile, that is, electrification & intellectualization & Networking + upgrading of underlying parts, has become a solid demand cornerstone for automotive electronic hardware & semiconductor.

According to clean technica, the global sales volume of new energy vehicles will reach 6.5 million in 2021, with a year-on-year increase of 108%. It is expected that the global sales volume of new energy vehicles will reach 18 million by 2025. According to statista data, the global automotive electronics market is expected to reach US $235.1 billion in 2021, with a compound growth rate of about 6%, of which the global automotive semiconductor market is expected to reach US $43.6 billion in 2021 and US $60.5 billion in 2026.

3. In the golden decade, China’s automotive electronics & semiconductor industry chain has ushered in the double opportunities of “new market + localization”.

China’s automotive electronics & semiconductor industry chain started relatively late. According to the European and American supply chain system, it may still take several to decades to catch up. At present, the original industrial chain has been reshaped by new energy vehicles, and the emerging new forces of vehicle manufacturing have brought opportunities to stimulate China’s Electronics & semiconductor companies to quickly enter the automotive industry chain, continuously accumulate technical capabilities, and compete with the global traditional automotive electronics & semiconductor manufacturers.

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