Automotive Semiconductor Demand Forecast 2021 to 2030 – Q4 2023 Executive Summary
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This report summarizes the TechInsights data forecast providing the latest metrics for the size and growth rate of future semiconductor demand across the powertrain, body, chassis, safety, and driver information application domains for the main light-vehicle producing regions. TechInsights’ predictions of a “false slowdown” for the automotive semiconductor industry are beginning to be realized in the latest outlook. While automotive semiconductor demand still grew by 22.9% in 2023, the return to a normalized pricing regime will impact growth over the five-year period from 2022 to 2027, with the CAAGR now expected to be +9.9%, compared to +15.7% in the previous forecast. TechInsights forecasts the global automotive semiconductor market value will be $98.5 billion by 2027 and reach $116.9 billion by 2030.
