Forecast: Automotive Semiconductor and Sensor Demand
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This global forecast covers historical and future semiconductor and sensor demand for the automotive industry in USD and units. In 2024, automotive semiconductor demand is forecast to grow by 13% in USD to reach $80 billion; unit growth is expected at 7% surpassing 113 billion. From 2024 to 2029, the five-year CAGR for automotive semiconductor demand is expected to be 11% in USD passing $137 billion while 8% growth in units tops 166 billion semiconductors and sensors. Additional data analysis specifically on xEV powertrain semiconductors is also included.
