Fairfield Market Research Automotive Semiconductor Market Reach US $141.5 Bn by 2030
Automotive Semiconductor Market

Automotive Semiconductor Market

Global Automotive Semiconductor Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Component Coverage, By Vehicle Type Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)

Published Date: Aug 2023 | Format: | No. of Pages: 150

Industry: Automotive & Transport | Author Name: Chetan

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FAQ : Automotive Semiconductor Market

An increase in semiconductor content per vehicle drives the global automotive semiconductor market. Semiconductor content per vehicle continues to increase due to government regulation of safety and emissions, standardisation of higher-end options across a greater number of vehicle classes, as well as consumer demand for greater fuel efficiency, advanced safety, multimedia applications, and connectivity.

The global automotive semiconductor market is expected to be worth US$141.5 Bn by 2030, up from US$61.4 Bn in 2018, registering an estimated CAGR of 12.5% during the forecast period 2023-2030.

The infotainment & telematics segment accounted for the largest market share of over 20% in 2022 and is expected to continue leading the market throughout the forecast period.

Prominent players in the market for automotive semiconductors are adopting strategies such as partnerships, mergers, collaborations, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

The automotive semiconductor market is fragmented due to the presence of major players like NXP Semiconductor, Infineon Technologies, Renesas Electronics Corporation, STMicroelectronics, TSMC, Micron, Analog Devices Inc., and Vishay Intertechnology. The top 10 vendors have accounted for more than 69% value share of the market in 2022.
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