Automotive Semiconductor Demand Forecast 2021 to 2030 - January 2024
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This TechInsights data forecast provides the latest metrics identifying the size and growth rate of the future semiconductor demand totals across the Powertrain, Body, Chassis, Safety, and Driver Information application domains for the main light vehicle producing regions: North America, Japan, Europe, Russia, South Korea, China, India, Brazil, Thailand, and rest of the world. In 2023, automotive semiconductor is expected to have grown by 22.9%. Over the five-year period 2023 to 2027 the CAAGR is expected to be +9.9%. Excluding semiconductor-based sensors, the CAAGR for automotive semiconductor dollar demand is expected to be even higher at +10.3%. The global automotive semiconductor market value is forecast to be $98.5 billion by 2027 and reach $116.9 billion by 2030 (including semiconductor-based sensors).
