The Automotive Semiconductor Market Size  is valued at about USD 50.59 billion. Projections suggest it will exceed USD 102 billion by 2034, driven by a strong growth rate of around 8%. This growth reflects higher investments from automakers and semiconductor manufacturers, highlighting the importance of semiconductors in next-generation vehicles. The increasing share of electric vehicles...

According to a new report published by Allied Market Research, titled, “Automotive Semiconductor Market Growth," The automotive semiconductor market was valued at $59.7 billion in 2022, and is estimated to reach $153.9 billion by 2032, growing at a CAGR of 10.1% from 2023 to 2032. Asia-Pacific currently dominated the automotive semiconductor market in 2022. The countries analyzed...

The Automotive Semiconductor Market Size  is valued at about USD 50.59 billion. Projections suggest it will exceed USD 102 billion by 2034, driven by a strong growth rate of around 8%. This growth reflects higher investments from automakers and semiconductor manufacturers, highlighting the importance of semiconductors in next-generation vehicles. The increasing share of electric vehicles...

Automotive chips, often referred to as semiconductor chips or microchips, have become the nerve center of modern vehicles. These tiny but powerful components are responsible for managing a wide array of functions ranging from engine control to infotainment, safety systems, and advanced driver-assistance systems (ADAS). At the heart of every electronic control unit (ECU), automotive chips...