Automotive Semiconductor Demand Forecast 2021 to 2030 - Q3 2023 Executive Summary

This TechInsights data forecast provides the latest metrics identifying size and growth rate of the future semiconductor demand total 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 ROW.  In 2023, automotive semiconductor is forecast to grow by 23.9%. Over the 5 year period 2022 to 2027 the CAAGR is expected to be +15.7%. Excluding semiconductor-based sensors, the CAAGR for automotive semiconductor dollar demand is expected to be even higher at +16.4%. The global automotive semiconductor market value is forecast to be $113.

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