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Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power Device, Sensor, Memory Device and Others), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Propulsion (ICE and Electric), by Application (Powertrain, Safety, Body Electronics, Chassis and Telematics & Infotainment), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Automotive Semiconductor Marketsize was valued at USD 53.06 USD Billion in 2023 and is projected to reach USD 75.31 USD Billion by 2032, exhibiting a CAGR of 5.13 % during the forecast period. Automotive semiconductors are electronic components designed for use in vehicles, crucial for enhancing safety, efficiency, and performance. They encompass various types such as microcontrollers, sensors, and power management ICs. These semiconductors feature robustness to withstand harsh automotive environments, offering high reliability and durability. Their applications span across automotive electronics, including engine control units, infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle powertrains. With advancements, automotive semiconductors contribute to improved vehicle efficiency, connectivity, and autonomous driving capabilities, driving innovation in the automotive industry while meeting stringent quality and safety standards.
Component:
Vehicle Type:
Propulsion:
Application:
The automotive semiconductor market is poised for significant growth across key regions:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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