研报 | 汽车电动化与智能化加速，预估2029年车用半导体市场规模达近千亿美元

Core Insights - The article highlights the rapid growth of the global automotive semiconductor market, projected to increase from approximately $67.7 billion in 2024 to nearly $96.9 billion by 2029, with a compound annual growth rate (CAGR) of 7.4% from 2024 to 2029 [2]. Industry Insights - The growth in the automotive semiconductor market is uneven, with high-performance computing (HPC) chips, such as logic processors and high-end storage, significantly outpacing traditional components like microcontrollers (MCUs). This shift indicates a concentration of market value towards core technologies that support electrification and intelligence in vehicles [4]. - By 2025, the penetration rate of electric vehicles (including BEV, PHEV, FCV, HEV) in the new car market is expected to rise to 29.5%. The automotive industry is accelerating its smart technology adoption, relying on multi-sensor configurations, high-speed communication, and AI model applications, which necessitate a transition from decentralized to centralized electronic architectures [4]. - The integration of cockpit and advanced driver-assistance systems (ADAS) is expected to commercialize in 2025, helping to reduce the number of controllers, share electronic components, and simplify wiring layouts, thereby promoting the widespread adoption of automotive intelligence. The CAGR for automotive logic processors from 2024 to 2029 is estimated at 8.6%, surpassing the industry average of 7.4% [6]. Competitive Landscape - Competition among semiconductor manufacturers is intensifying, with companies like NVIDIA and Qualcomm leveraging their high-performance chips and extensive software-hardware ecosystems to penetrate the automotive smart technology sector. Chinese firms like Horizon Robotics are also emerging rapidly due to technological advancements and domestic policies [7]. - Traditional automotive chip manufacturers face challenges but maintain competitive advantages through a broad product portfolio, reliability, and strong customer relationships. The key to growth lies in forming strategic alliances and enhancing hardware-software integration capabilities, as pure hardware performance is no longer the sole determinant of success [7].