EV battery management drives a third of silicon demand
IDTechEx report lifts lid on semiconductor use within autonomous and electric vehicles
IDTechEx report lifts lid on semiconductor use within autonomous and electric vehicles
IDTechEx‘s new report 'Semiconductors for Autonomous and Electric Vehicles 2023-2033' finds that the coming mass adoption of electric vehicles will drive a 10-year CAGR of 20.9 percent in semiconductors used for electric powertrains.
Along with the rise of more autonomous vehicles, this will drive the overall automotive semiconductor market to a CAGR of 9.4 percent over the next decade.
Electric vehicles are seen as the future for cars. This is reflected in recent EV sales figures: since around 2020, they have seen exponential year-on-year growth indicating a transition from an earlier adopter technology to a mainstream one. As a result, IDTechEx predicts a 15 percent CAGR in the battery electric vehicle market over the next decade.
Big power electronics components like the inverter make up a considerable chunk of the value that goes into building an electric vehicle. But IDTechEx’s report drills down further and finds battery management system (BMS) a surprisingly large contributor to silicon demand in electric vehicles, making up approximately one-third of the silicon demand used to make electric powertrains.
'Semiconductors for Autonomous and Electric Vehicles 2023-2033' covers semiconductors throughout the car, including ADAS, autonomy, LiDAR, radar, cameras, 4G connectivity, 5G connectivity, electric powertrains, MCUs, SOCs and more.
