EV Semiconductor Devices Market - Forecasts from 2025 to 2030

The EV semiconductor devices market is predicted to expand at a CAGR of 14.95% to account for US$50.680 billion by 2030 from US$25.250 billion in 2025.

The growth is due to the rising necessity of range expansion, shorter charging time, and the application of ADAS in electric vehicles. Semiconductors are inherently utilized in EVs to perform integrated works such as control, drive administration, safety measures, entertainment and comfort, and driver assistance and security innovations. The major sellers working within the market are STMicroelectronics, NXP Semiconductor, Infineon Technologies, Texas Instruments, and Renesas Electronics. The market viewpoint for EV components can be segmented by type and region. In addition, the Asia-Pacific region will lead the market development due to the continually increasing popularity of innovation in nations like China and Japan.

Market Trends:

• Rising Demand for Battery Electric Vehicles Boosting EV Semiconductor Devices Market: The growing popularity of battery electric vehicles (BEVs) is expected to propel the expansion of the EV semiconductor devices market. BEVs dominate the electric vehicle sector and are projected to experience consistent growth in the coming years. This trend is driven by increased adoption of BEVs in the automotive industry, particularly in the passenger car segment, as leading manufacturers enhance their electric vehicle offerings and pledge to transition their lineups to electric models. Consumers are increasingly prioritizing cost-effective mobility solutions that offer extended battery life, faster charging, and greater driving ranges, shaping their purchasing decisions. Additionally, significant growth is forecasted for the two-wheeler and commercial vehicle segments between 2023 and 2032. The rising demand for electric scooters, motorcycles, and commercial vehicles - such as delivery trucks and buses - is further accelerating the adoption of EV semiconductor devices. This widespread uptake of BEVs across various segments is creating opportunities for innovative battery solutions, fueling the global growth of the EV battery market.
• Regional Segmentation of the EV Semiconductor Devices Market: The EV semiconductor devices market is divided into three key regions: the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Asia-Pacific is expected to hold a substantial share of this market throughout the forecast period, thanks to the presence of prominent EV semiconductor manufacturers. The region is poised to lead the market, driven by the increasing use of electric vehicles in countries like China and India. China, in particular, stands out as the largest market for EV semiconductor devices within Asia-Pacific, owing to its widespread adoption of EVs and related technologies.

Some of the major players covered in this report include Taiwan Semiconductor Manufacturing Company Limited, Infineon Technologies, STMicroelectronics, NXP Semiconductors, Texas Instruments, Renesas Electronics, Microchip Technology, among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What can businesses use this report for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence.

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The EV semiconductor devices market is segmented and analyzed as follows:

By Vehicle Type

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicles (PHEV)

By Component

• Analog
• Memory Devices
• Discrete Semiconductors
• Sensors
• Other Components

By Material Type

• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
• Others

By Voltage Range

• Low Voltage (Below 400V)
• Medium Voltage (400V-800V)
• High Voltage (Above 800V)

By Application

• Powertrain
• Chassis and Safety
• Infotainment and Telematics
• Body Electronics
• Advanced Driver Assistance Systems
• Battery Management Systems

By Geography

• Americas
• US
• Europe, the Middle East, and Africa
• Germany
• Netherlandss
• Others
• Asia Pacific
• China
• Japan
• Taiwan
• South Korea
• Others