Market by Type of Vehicle (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)) Type of Fuel (Gasoline, Diesel, Electric/Hybrid) Application (Advanced Driver Assistance Systems, Body Electronics, Infotainment, Powertrain, Safety Systems) Component (Processors, Analog ICs, Discrete Power Devices, Sensors, Memory Devices, Lighting Devices) and Country Outlook | Forecast 2024-2032
Triton Market Research’s analysis estimates the Latin America automotive semiconductor market to witness growth at a CAGR of 6.39% during the 2024-2032 forecast years.
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In Latin America, the automotive semiconductor market is set for substantial growth, largely driven by the region’s accelerating shift towards electric vehicles (EVs) and advanced driver assistance systems (ADAS). According to the International Energy Agency (IEA), the region’s electric vehicle sales reached almost 90,000 in 2023. Policy measures and incentives for manufacturing and adoption support this surge. For example, the temporary exemption of import taxes on EVs until 2024, alongside exemptions from the new vehicle tax (ISAN), elevates the demand for electric vehicles.  Further, the region’s vast renewable energy resources and initiatives to bolster clean energy technologies further support semiconductor manufacturing.
The countries assessed in this region include:
Mexico leads the regional market, capturing a market share worth $1150.87 million in 2023
The IEA noted that in 2023, electric car registrations in Mexico were up 80% year-on-year to 15,000. This surge in EV adoption largely supports the demand for semiconductor technology for varied automotive applications, thereby enhancing connectivity, functionality, etc.
Further, in March 2024, the US Department of State announced a partnership with the Government of Mexico to explore novel opportunities to diversity and expand the semiconductor ecosystem under the International Technology Security and Innovation (ITSI) Fund.
This includes efforts to improve infrastructure, such as modernizing border crossings to facilitate trade, which indirectly benefits the semiconductor supply chain.
Market Forecast for Brazil
As Brazil’s automotive industry pivots towards more sophisticated and energy-efficient vehicles, the need for semiconductors in areas such as power management, infotainment systems, and advanced driver-assistance systems (ADAS) is expanding. Government initiatives such as tax incentives for electric and hybrid vehicle production, investments in research and development, and partnerships with international tech firms are further fostering growth in the market. Additionally, the establishment of local semiconductor manufacturing facilities and strategic collaborations with global semiconductor companies are expected to elevate demand for semiconductor technology.Â
The market segmentation includes application, component, type of fuel, and type of vehicle. The application section comprises ADAS, infotainment, powertrain, body electronics, and safety systems.Â
Advanced Driver Assistance Systems (ADAS) are sophisticated technologies embedded within vehicles to support drivers in various ways. Examples of these systems include parking assistance, tire pressure monitoring, and adaptive front lighting. Additionally, ADAS can monitor driver fatigue and distraction, offering precautionary alerts or feedback on driving performance. Semiconductors are essential components in the sensors, processors, and communication systems that enable these technologies to operate effectively. Moreover, they facilitate the rapid processing of data from various sensors, allowing ADAS to make real-time decisions and ensure the safety and efficiency of the vehicle’s operation.
Contender Analysis in the Automotive Semiconductor Market:
Intel Corporation specializes in creating and producing essential digital technology products and components for the computing and communications sectors. The company’s product lineup includes processors, chipsets, motherboards, solid-state drives, server products, wired and wireless connectivity solutions, software, applications, and consumer electronics. A critical aspect of Intel’s offerings is the use of semiconductors, which are fundamental to the operation of their processors, chipsets, and various other products. Its customers include original equipment manufacturers (OEMs), industrial and communications equipment manufacturers, and original design manufacturers (ODMs).
In March 2024, Intel and the US Department of Commerce signed a preliminary memorandum of terms (PMT) for direct funding of up to $8.5 billion. This funding, aimed at commercial semiconductor projects, falls under the CHIPS and Science Act.
Other prominent companies in the market are ON Semiconductor Corporation, Rober Bosch GmbH, Samsung Electronics Co Ltd, and STMicroelectronics NV, among others.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the automotive semiconductor market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the LA automotive semiconductor market’s growth during the upcoming years
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Market by Technology (Data ana ..
VIEW REPORT1. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE AUTOMOTIVE SEMICONDUCTOR MARKET
2.1.1. COVID-19
IMPACT
2.1.2. RUSSIA-UKRAINE
WAR IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
ATTRACTIVENESS INDEX
2.4. KEY BUYING
IMPACT ANALYSIS
2.4.1. PERFORMANCE
AND RELIABILITY
2.4.2. COMPATIBILITY
AND INTEGRATION
2.4.3. COST-EFFECTIVENESS
2.4.4. BRAND
REPUTATION
2.5. SUPPLY
CHAIN ANALYSIS
2.5.1. RAW
MATERIAL SUPPLIERS
2.5.2. SEMICONDUCTOR
MANUFACTURERS
2.5.3. SEMICONDUCTOR
PACKAGING AND TESTING
2.5.4. AUTOMOTIVE
SYSTEM INTEGRATORS
2.5.5. DEALERSHIPS
AND AFTERMARKET
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. COLLABORATIONS
2.6.3. PRODUCT
LAUNCHES
2.6.4. INVESTMENTS
& EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. RISING
DEMAND FOR ELECTRIC VEHICLES (EVS) AND HYBRID ELECTRIC VEHICLES (HEVS)
2.7.2. GROWING
PREFERENCE FOR CONNECTED VEHICLES
2.7.3. INCREASING
AUTONOMOUS FEATURES IN VEHICLES
2.7.4. DEMAND
FOR ELECTRONIC CONTROL UNITS (ECU) WITH ENHANCED FUNCTIONALITY
2.8. MARKET
CHALLENGES
2.8.1. EXTENDED
DESIGN CYCLES AND ELEVATED DEVELOPMENT EXPENSES
2.8.2. STRINGENT
AUTOMOTIVE SAFETY AND QUALITY STANDARDS
2.8.3. SEMICONDUCTOR
SHORTAGES AND SUPPLY CHAIN DISRUPTIONSÂ Â Â Â
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
USE OF GALLIUM NITRIDE (GAN) AND SILICON CARBIDE (SIC) POWER SEMICONDUCTORS
2.9.2. GROWING
NEED FOR SYSTEM-ON-A-CHIPS (SOC) AND AUTOMOTIVE-GRADE MICROCONTROLLERS (MCUS)
2.9.3. INCREASING
EMPHASIS ON AUTOMOTIVE CYBERSECURITY SOLUTIONS
2.9.4. SHIFT
TOWARDS NEURAL NETWORK ACCELERATORS AND AUTOMOTIVE-GRADE AI PROCESSORS
2.10. ANALYST
PERSPECTIVE
3. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – BY TYPE OF VEHICLE
3.1. PASSENGER
CARS
3.2. LIGHT
COMMERCIAL VEHICLES (LCVS)
3.3. HEAVY
COMMERCIAL VEHICLES (HCVS)
4. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – BY TYPE OF FUEL
4.1. GASOLINE
4.2. DIESEL
4.3. ELECTRIC/HYBRID
5. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – BY APPLICATION
5.1. ADVANCED
DRIVER ASSISTANCE SYSTEMS
5.2. BODY
ELECTRONICS
5.3. INFOTAINMENT
5.4. POWERTRAIN
5.5. SAFETY
SYSTEMS
6. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – BY COMPONENT
6.1. PROCESSORS
6.2. ANALOG
ICS
6.3. DISCRETE
POWER DEVICES
6.4. SENSORS
6.4.1. LED
6.4.2. IMAGE
SENSOR
6.4.3. POSITION
SENSOR
6.4.4. TEMPERATURE
SENSOR
6.4.5. PRESSURE
SENSOR
6.4.6. Â OTHER SENSORS
6.5. MEMORY
DEVICES
6.5.1. DRAM
6.5.2. FLASH
6.6. LIGHTING
DEVICES
7. LATIN
AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET – BY COUNTRY OUTLOOK
7.1. BRAZIL
7.1.1. BRAZIL
AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST & PROSPECTS
7.2. MEXICO
7.2.1. MEXICO
AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST & PROSPECTS
7.3. REST
OF LATIN AMERICA
7.3.1. REST
OF LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. ANALOG
DEVICES INC
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. INFINEON
TECHNOLOGIES AG
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTH
8.2.4. KEY
CHALLENGE
8.3. INTEL
CORPORATION
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTH
8.3.4. KEY
CHALLENGE
8.4. MICROCHIP
TECHNOLOGY INCORPORATED
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY
STRENGTH
8.4.4. KEY
CHALLENGE
8.5. MICRON
TECHNOLOGY INC
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY STRENGTH
8.5.4. KEY
CHALLENGE
8.6. NXP
SEMICONDUCTORS NV
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTH
8.6.4. KEY
CHALLENGE
8.7. ON
SEMICONDUCTOR CORPORATION
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTH
8.7.4. KEY
CHALLENGE
8.8. RENESAS
ELECTRONICS CORPORATION
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTH
8.8.4. KEY
CHALLENGE
8.9. ROBERT
BOSCH GMBH
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTH
8.9.4. KEY
CHALLENGE
8.10. ROHM
CO LTD
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY
STRENGTH
8.10.4. KEY
CHALLENGE
8.11. SAMSUNG
ELECTRONICS CO LTD
8.11.1. OVERVIEW
8.11.2. PORTFOLIO
8.11.3. KEY
STRENGTH
8.11.4. KEY
CHALLENGE
8.12. STMICROELECTRONICS
NV
8.12.1. OVERVIEW
8.12.2. PORTFOLIO
8.12.3. KEY
STRENGTH
8.12.4. KEY CHALLENGE
8.13. TEXAS
INSTRUMENTS INCORPORATED
8.13.1. OVERVIEW
8.13.2. PORTFOLIO
8.13.3. KEY
STRENGTH
8.13.4. KEY
CHALLENGE
8.14. TOSHIBA
CORPORATION
8.14.1. OVERVIEW
8.14.2. PORTFOLIO
8.14.3. KEY
STRENGTH
8.14.4. KEY
CHALLENGE
8.15. QUALCOMM
INCORPORATED
8.15.1. OVERVIEW
8.15.2. PORTFOLIO
8.15.3. KEY
STRENGTH
8.15.4. KEY
CHALLENGE
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY COUNTRY OUTLOOK, 2024-2032
(IN $ MILLION)
TABLE
2: LIST OF ACQUISITIONS
TABLE
3: LIST OF COLLABORATIONS
TABLE
4: LIST PRODUCT LAUNCHES
TABLE
5: LIST OF INVESTMENTS & EXPANSIONS
TABLE
6: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY TYPE OF VEHICLE, 2024-2032
(IN $ MILLION)
TABLE
7: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY TYPE OF FUEL, 2024-2032 (IN
$ MILLION)
TABLE
8: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY APPLICATION, 2024-2032 (IN
$ MILLION)
TABLE
9: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY COMPONENT, 2024-2032 (IN $
MILLION)
TABLE
10: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY SENSORS, 2024-2032 (IN $
MILLION)
TABLE
11: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY MEMORY DEVICES, 2024-2032
(IN $ MILLION)
TABLE
12: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY COUNTRY OUTLOOK,
2024-2032 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: MARKET ATTRACTIVENESS INDEX
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: SUPPLY CHAIN ANALYSIS
FIGURE
5: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY TYPE OF VEHICLE, 2023
& 2032 (IN %)
FIGURE
6: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY PASSENGER CARS, 2024-2032
(IN $ MILLION)
FIGURE
7: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY LIGHT COMMERCIAL VEHICLES
(LCVS), 2024-2032 (IN $ MILLION)
FIGURE
8: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY HEAVY COMMERCIAL VEHICLES
(HCVS), 2024-2032 (IN $ MILLION)
FIGURE
9: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY TYPE OF FUEL, 2023 &
2032 (IN %)
FIGURE
10: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY GASOLINE, 2024-2032 (IN $
MILLION)
FIGURE
11: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY DIESEL, 2024-2032 (IN $
MILLION)
FIGURE
12: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY ELECTRIC/HYBRID,
2024-2032 (IN $ MILLION)
FIGURE
13: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY APPLICATION, 2023 &
2032 (IN %)
FIGURE
14: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY ADVANCED DRIVER
ASSISTANCE SYSTEMS, 2024-2032 (IN $ MILLION)
FIGURE
15: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY BODY ELECTRONICS,
2024-2032 (IN $ MILLION)
FIGURE
16: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY INFOTAINMENT, 2024-2032
(IN $ MILLION)
FIGURE
17: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY POWERTRAIN, 2024-2032 (IN
$ MILLION)
FIGURE
18: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY SAFETY SYSTEMS, 2024-2032
(IN $ MILLION)
FIGURE
19: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY COMPONENT, 2023 &
2032 (IN %)
FIGURE
20: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY PROCESSORS, 2024-2032 (IN
$ MILLION)
FIGURE
21: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY ANALOG ICS, 2024-2032 (IN
$ MILLION)
FIGURE
22: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY DISCRETE POWER DEVICES,
2024-2032 (IN $ MILLION)
FIGURE
23: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY SENSORS, 2024-2032 (IN $
MILLION)
FIGURE
24: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY SENSORS, 2023 & 2032
(IN %)
FIGURE
25: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY LED, 2024-2032 (IN $
MILLION)
FIGURE
26: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY IMAGE SENSOR, 2024-2032
(IN $ MILLION)
FIGURE
27: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY POSITION SENSOR,
2024-2032 (IN $ MILLION)
FIGURE
28: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY TEMPERATURE SENSOR,
2024-2032 (IN $ MILLION)
FIGURE
29: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY PRESSURE SENSOR,
2024-2032 (IN $ MILLION)
FIGURE
30: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY OTHER SENSORS, 2024-2032
(IN $ MILLION)
FIGURE
31: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY MEMORY DEVICES, 2024-2032
(IN $ MILLION)
FIGURE
32: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY MEMORY DEVICES, 2023
& 2032 (IN %)
FIGURE
33: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY DRAM, 2024-2032 (IN $
MILLION)
FIGURE
34: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY FLASH, 2024-2032 (IN $
MILLION)
FIGURE
35: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY LIGHTING DEVICES,
2024-2032 (IN $ MILLION)
FIGURE
36: LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET, BY COUNTRY OUTLOOK, 2023
& 2032 (IN %)
FIGURE
37: BRAZIL AUTOMOTIVE SEMICONDUCTOR MARKET 2024-2032 (IN $ MILLION)
FIGURE
38: MEXICO AUTOMOTIVE SEMICONDUCTOR MARKET 2024-2032 (IN $ MILLION)
FIGURE
39: REST OF LATIN AMERICA AUTOMOTIVE SEMICONDUCTOR MARKET 2024-2032 (IN $
MILLION)