Worldwide Automotive Semiconductor Market Forecast, 2024–2027
The global automotive semiconductor market was valued at approximately US$40 billion in 2020 and is projected to reach US$88 billion by 2027, increasing at a compound annual growth rate (CAGR) of 11.5%. This robust growth is primarily fueled by the rising demand for advanced driver assistance system (ADAS), infotainment, electrification, and connectivity solutions in vehicles."Autonomous driving and infotainment are the biggest potential application segments," says Adela Guo, senior research director, IDC Asia/Pacific. Guo adds, "both applications will occupy about 50% market share in 2027, semiconductor players should focus on their technology innovation, product quality assurance, manufacturing capacity building, supply chain optimization, ecosystem establishment, and sustainability to take more market share when facing the fierce competition."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Total Market Analysis
- Automotive Semiconductor Market Analysis by Type
- Logic
- Microcontroller Units
- Microprocessor Units
- Signal Management Semiconductor
- Power Management Integrated Circuits
- Dynamic Random-Access Memory
- NAND
- Discrete
- Sensors
- Optoelectronic
- Automotive Semiconductor Market Analysis by Application
- ADAS
- Infotainment
- Chassis
- Powertrain
- Body
- Market Context
- Drivers and Inhibitors
- Drivers
- Electric Vehicles
- Advanced Driver Assistance Systems
- Connectivity and Infotainment
- Inhibitors
- Global Supply Chain Disruptions
- Technological Complexity and Integration Challenges
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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