EV Semiconductor Devices Market Report, Size, Share, Opportunities, and Trends Report Segmented By Vehicle Type, Component, Material Type, Voltage Range, Application, and Geography – Forecasts from 2025 to 2030

Description

EV Semiconductor Devices Market Size:

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

EV Semiconductor Devices Market Trends:

The electric vehicle (EV) semiconductor devices market is experiencing significant growth, driven by the rising demand for electric vehicles (EVs) and advancements in vehicle technology. Semiconductors are critical for range expansion, faster charging times, and the integration of Advanced Driver Assistance Systems (ADAS). These components enable key functions like powertrain management, battery management systems (BMS), infotainment systems, and safety features, enhancing EV performance and road safety.

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The surge in EV adoption, fueled by high fuel costs, environmental concerns, and government policies promoting green mobility, is a primary market driver. Zero-emission vehicle mandates and subsidies in countries like China and Japan bolster EV production, particularly in the Asia-Pacific region, which leads the market due to its robust automotive innovation ecosystem. Major players such as STMicroelectronics, NXP Semiconductors, Infineon Technologies, Texas Instruments, and Renesas Electronics are driving advancements in semiconductor technology to meet the growing needs of EV manufacturers.

Semiconductors are integral to EV powertrains, managing energy efficiency and thermal regulation, and to BMS, ensuring optimal battery performance. The integration of ADAS and autonomous driving technologies further accelerates demand for high-performance sensors, processors, and communication devices. These systems support features like lane departure warnings, adaptive cruise control, and emergency braking, enhancing driver safety and comfort. As self-driving technology evolves, the need for advanced semiconductor devices will continue to rise.

The Asia-Pacific region dominates due to its high EV production and consumer demand for sustainable transportation. Innovations in chip design and energy-efficient semiconductors are addressing challenges like supply chain constraints and high production costs. Government incentives for clean energy and technological advancements ensure sustained market growth. The EV semiconductor devices market is poised for expansion as electric vehicles become central to global efforts to reduce carbon emissions and advance smart mobility. 

EV Semiconductor Devices Market Drivers:

• Growing demand for battery electric vehicles is anticipated to accelerate the EV semiconductor devices market expansion.

BEVs hold a major share of the EV market and are expected to witness steady growth in the coming years. This development is due to the rise in the utilization of BEVs in the automotive market, especially within the passenger car section, as major producers push their improvement of electric cars and commit to making their models electric. Customers are conscious of economical mobility arrangements with longer battery life, quicker charging times, and higher driving ranges, influencing their buying behaviors.

It is additionally evaluated that the two-wheeler and commercial vehicle sections will develop radically from 2023 to 2032. The expanding requirement for electric scooters and motorcycles contributes to the general adoption of the EV semiconductor devices market, along with commercial vehicles like conveyance trucks and buses. The consistent increase in BEV utilization over diverse segments brings opportunities for designing new battery solutions, driving the EV battery market's global expansion.

• The increasing requirement for fast-charging EVs is expected to drive the EV semiconductor devices market growth.

Other variables fuelling the EV semiconductor devices market are the growing necessity for wider ranges of batteries and quicker charging times in EVs. Semiconductor gadgets are an important part of EVs since they make it possible to extend the vehicles' range and charging speed. Since buyers look forward to EVs with expanded ranges and speedier charging, the prospects for these innovatively modern semiconductor items will significantly rise in the coming years.

EV Semiconductor Devices Market Geographical Outlook:

• The EV Semiconductor Devices Market is segmented into three regions worldwide:

Geography-wise, the market of EV semiconductor devices is divided into the Americas, Europe, the Middle East and Africa, and the Asia Pacific. This region is anticipated to have a significant share in the EV semiconductor devices market during the projected period due to the presence of some major EV semiconductor manufacturers.

The APAC region is further anticipated to capture the EV semiconductor devices market due to the rising utilization of EVs in APAC nations, especially China and India. China remains the greatest market for EV semiconductor gadgets within the APAC region due to the high adoption of EVs and their associated technologies.

China's EV market has grown significantly in recent years due to government incentives and policies, the expansion of regional automotive businesses, and the advancement of semiconductor technology in Chinese markets. These factors are closely related to the substantial progress in developing new energy vehicles. China has seen development within the automotive industry, primarily within the last one or two decades. The purchase of plug-in electric vehicles (PEVs) is also rising in China. As semiconductor devices are broadly utilized in EV batteries and power hardware, their utilization is also anticipated to increase in the future.

India is another promising market for EV semiconductor gadgets within the APAC region. The Indian government has developed programs such as the FAME program aimed at growing the usage of electric cars in the country. Semiconductor gadgets utilized in EVs, such as two-wheelers and commercial vehicles, are also anticipated to have a huge demand within the developing Indian automotive industry. The South Korean market is additionally expected to have a similar drift in the APAC EV semiconductor devices market, owing to the developing awareness of higher sustainable mobility arrangements and enhanced self-driving innovations.

Further, the supremacy of the APAC region in the EV semiconductor devices market is owing to the ever-increasing rates of EV adoption, the introduction of improvements in automotive innovation by major regional producers, and other complementary variables. The Chinese and Indian markets are expected to act as the major development enablers for the EV semiconductor devices market in APAC.

EV Semiconductor Devices Market Key Developments: 

• In July 2025, Seoul Semiconductor  Co., Ltd., announced its proprietary No-wire technology, WICOP, for the automotive sector, which can be utilized for various applications, including automotive headlamps.
• In June 2025, Infineon Technologies, which is a global leader in semiconductor solutions, partnered with Tata Elxsi to jointly develop application-ready EV solutions for the Indian market.

List of Top EV Semiconductor Devices Companies:

• Taiwan Semiconductor Manufacturing Company Limited
• Infineon Technologies
• STMicroelectronics
• NXP Semiconductors
• Texas Instruments

EV Semiconductor Devices Market Scope:

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
    • Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • Taiwan
    • South Korea
    • Others

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Navigation

• EV Semiconductor Devices Market Size:
• EV Semiconductor Devices Market Highlights:
• EV Semiconductor Devices Market Trends:
• EV Semiconductor Devices Market Drivers:
• EV Semiconductor Devices Market Geographical Outlook:
• EV Semiconductor Devices Market Key Developments: 
• List of Top EV Semiconductor Devices Companies:
• EV Semiconductor Devices Market Scope:
• Our Best-Performing Industry Reports:

Table Of Contents

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. EV SEMICONDUCTOR DEVICES MARKET BY VEHICLE TYPE

5.1. Introduction

5.2. Battery Electric Vehicle (BEV)

5.3. Plug-in Hybrid Electric Vehicles (PHEV)

6. EV SEMICONDUCTOR DEVICES MARKET BY COMPONENT

6.1. Introduction

6.2. Analog

6.3. Memory Devices

6.4. Discrete Semiconductors

6.5. Sensors

6.6. Other Components

7. EV SEMICONDUCTOR DEVICES MARKET BY MATERIAL TYPE

7.1. Introduction

7.2. Silicon Carbide (SiC)

7.3. Gallium Nitride (GaN)

7.4. Others 

8. EV SEMICONDUCTOR DEVICES MARKET BY VOLTAGE RANGE

8.1. Introduction

8.2. Low Voltage (Below 400V)

8.3. Medium Voltage (400V-800V)

8.4. High Voltage (Above 800V)

9. EV SEMICONDUCTOR DEVICES MARKET BY APPLICATION

9.1. Introduction

9.2. Powertrain

9.3. Chassis and Safety

9.4. Infotainment and Telematics

9.5. Body Electronics

9.6. Advanced Driver Assistance Systems

9.7. Battery Management Systems

10. EV SEMICONDUCTOR DEVICES MARKET BY GEOGRAPHY

10.1. Global Overview

10.2. Americas

10.2.1. US

10.3. Europe, the Middle East, and Africa

10.3.1. Germany

10.3.2. Netherlands

10.3.3. Others

10.4. Asia-Pacific

10.4.1. China

10.4.2. Japan

10.4.3. Taiwan

10.4.4. South Korea

10.4.5. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Taiwan Semiconductor Manufacturing Company Limited

12.2. Infineon Technologies

12.3. STMicroelectronics

12.4. NXP Semiconductors

12.5. Texas Instruments

12.6. Renesas Electronics

12.7. Microchip Technology

12.8. On Semiconductor Corporation

12.9. Analog Devices Inc.

12.10. ROHM Co., Ltd.

12.11. Toshiba Corporation

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Taiwan Semiconductor Manufacturing Company Limited

Infineon Technologies

STMicroelectronics

NXP Semiconductors

Texas Instruments

Renesas Electronics

Microchip Technology

On Semiconductor Corporation

Analog Devices Inc.

ROHM Co., Ltd.

Toshiba Corporation

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