Automotive Semiconductor and Sensor Demand Forecast

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.

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