The size of the global semiconductor market increased by 23% year-on-year
Since the second half of 2020, the problem of chip shortage has become the main theme of the semiconductor industry, and the problem of chip shortage has affected industries including automobiles, mobile phones, game consoles, and PCs. In 2021, the biggest nightmare of global automakers is the shortage of cores and production reduction. Although the passenger car market has begun to recover, automotive chip IDM and design manufacturers have long been unable to grab production capacity in the third quarter of 2020, which also makes auto companies frequently difficult to deliver.
In fact, it can be seen from recent reports from various institutions and securities companies that the year-on-year growth rate of automotive semiconductors is significantly higher than that of other categories. According to the Boston Consulting Group’s research, it is estimated that in 2021, the global demand for nearly 10 million vehicles cannot be met due to the lack of core production and production stops. It is estimated that the demand for 7-8 million vehicles will be postponed to 2022, which is equivalent to a contribution. Nearly 10 points of growth next year. Driven by the dual increase in shipments and average selling prices, the size of the global semiconductor market this year will increase by 23% year-on-year. In terms of vendors, AMD, MediaTek, Nvidia, and Qualcomm, the four major fabless vendors, will increase their sales this year. The growth rate will be the highest, and sales are expected to increase by 65%, 60%, 54% and 51% year-on-year respectively.
Inauguration of the third-generation semiconductor Guochuang Hunan Center
The semiconductor industry is the foundation of the modern electronic information industry and an important industry that supports the high-quality development of the national economy. With the rapid rise of "Intelligent Manufacturing in China", the demand for industrial automation, digitalization, and intelligent transformation continues to grow, and industrial software has become an indispensable part of the manufacturing process. At present, the path of domestic substitution is gradually becoming clear. For the semiconductor industry, how to build a complete ecological chain and industrial chain has become the key.
On November 19, the inauguration ceremony of the National Third Generation Semiconductor Technology Innovation Center (Hunan) was launched in Changsha, Hunan. On the same day, a number of co-construction units of the center signed the "Guochuang Hunan Center Co-construction Agreement", which intends to closely follow the country’s major strategies and regional technological needs, focus on common technologies and major bottlenecks, break through core technologies, and support the third-generation semiconductor industry to move to the mid-to-high end. Step forward. According to the plan, by 2025, the National Innovation Center (Hunan) intends to drive the annual output value of Hunan's third-generation semiconductor industry to 10 billion RMB, and establish and improve a complete set of standard systems for domestic equipment design, manufacturing, and verification. By 2030, it is planned to drive the annual output value of Hunan's third-generation semiconductor industry to 100 billion RMB, and realize the positive design of equipment, the autonomy of core technologies, the integration of equipment and technology, and the intelligentization of manufacturing processes.
It is worth noting that the role of electric vehicles in driving semiconductors is currently receiving more and more attention from the market. The accelerated penetration of electric smart vehicles will become the core driving force for the rapid growth of the automotive semiconductor industry. At present, the pulling effect of new energy vehicles on semiconductors mainly reflects the fields of power semiconductors and passive components.
1. Assuming that the global passenger car market grows by 1% per year, new energy vehicles will account for 25% of the global passenger car market in 2025. It is estimated that by 2025, the new energy vehicle market will add nearly 10.778 billion RMB in demand for film capacitors.
2. In new energy vehicles, the value of power semiconductors has increased significantly. Among them, IGBT accounts for about 37% of the cost of the electronic control system of new energy vehicles, and is the core electronic device of the electronic control system. On the demand side, benefiting from the outbreak of new energy vehicles, automotive semiconductors may be the most prosperous semiconductor industry in the future. According to McKinsey statistics, the domestic automotive semiconductor industry is expected to reach US$18 billion in 2025, and the market will reach US$29 billion by 2030.
In addition, BYD Chairman Wang Chuanfu also said recently that in the semiconductor field, the demand for semiconductors in electric vehicles has increased by 5-10 times compared with the demand for semiconductors in traditional vehicles. Wang Chuanfu predicts that the sales of new energy vehicles in the Chinese market this year is expected to exceed 3.3 million units. By the end of next year, the penetration rate of new energy vehicles in China will exceed 35%.