Automotive Semiconductor and Sensor Demand Forecast
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This file contains historical and forecast revenue and unit data for automotive semiconductor and sensor demand driven by vehicle production. Current data show automotive semiconductors and sensors dollar demand reached $68 billion in 2023, growing by 23% for the second consecutive year. In the forecast, underlying growth rates for battery electric vehicles have been slightly downgraded and TechInsights is foreseeing a delay in the introduction of mass-market zonal architectures. Thus the 2023 to 2028 CAGR for automotive semiconductors and sensors dollar demand has been adjusted down to 9.2% with market value reaching $105 billion in 2028 led by safety and powertrain domains. Powertrain semiconductors growth is driven by the xEV segment to the tune of 18% CAGR from 2023 to 2028.
