Forecast: Automotive Semiconductor and Sensor Demand

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.

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