Infineon: Growth rate of semiconductors required by EVs is estimated to exceed 20%

Apr. 14, 2023 /SemiMedia/ — Mr. Freeman Cao, senior vice president of Infineon Technologies and head of the Automotive Electronics Division in Greater China, said in an interview recently that the estimated annual growth rate of semiconductors required for autonomous driving is more than 20%.

Freeman Cao pointed out that the increase in automotive semiconductors, especially the semiconductors required for electric vehicles, is huge, with an average annual compound growth rate of close to 30%, and there will be a huge double growth in the next few years.

“Power semiconductors, such as OBC, DCDC, etc., also have an average annual growth rate of 25%, and will develop exponentially in the future. It is expected that from 2021 to 2029, in the Chinese market, the market size of semiconductors used in electric vehicle powertrains will grow at a compound annual growth rate of about 25 percent,” said Freeman Cao.

“The estimated annual growth rate of semiconductors required for automotive intelligence and L2 and L2+ assisted driving is more than 20%, and the demand for automotive semiconductors for high-level autonomous driving in the future will grow enormously,” he said. “In addition, semiconductors that promote networking, including body and cockpit, will also increase Semiconductor demand. If the new architecture growth of Automotive energy absorption (EA) is also included, the demand growth will be greater than 30%.”

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