The Europe Automotive Semiconductor Market size is estimated at USD 14.16 billion in 2024, and is expected to reach USD 21.95 billion by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).
The European automotive semiconductor market is a moderately fragmented market with the presence of several prominent market players like NXP Semiconductors NV, Infineon Technologies AG, STMicroelectronics NV, Texas Instruments Inc., Robert Bosch GMBH, Micron Technology Inc., etc. The market players are striving to innovate new products by way of extensive investments in R&D, collaborations, and mergers to cater to the evolving demands of consumers.
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