Semiconductors, commonly known as "chips," are electronic components that serve as the foundation for electronic systems and equipment. Automotive semiconductors comprise a wide range of processors, integrated circuits (ICs), memory chips, and sensors that are vital for various vehicle operations, ranging from basic functions like engine control and safety systems to more advanced features such as autonomous driving, infotainment, and connectivity.

According to RPK Reports, the global Automotive Semiconductor market was valued at USD 57,381.2 million in 2022 and is estimated to reach USD 90,925.2 million by 2029, registering a CAGR of 6.9% from 2023 to 2029.

The automotive semiconductor market is driven by the number of vehicles produced globally and the increasing semiconductor content per vehicle. Despite the challenges posed by the COVID-19 outbreak in 2019-2020 and supply chain disruptions in 2021, the market has been growing steadily due to the increasing silicon content per vehicle, which is primarily driven by factors such as vehicle electrification, mandatory ADAS safety features, autonomous driving, infotainment, and connected car services. Other factors contributing to the market growth include the rising demand for software-defined vehicles (SDV), the increasing adoption of AI in vehicles, and the growing importance of automotive cybersecurity.

However, the stringent government regulations or policies, the supply chain issues, and substantial competition might hamper the market growth. 

The report also presents a detailed quantitative analysis of the current market trends and future estimations from 2023 to 2029. 

The forecasts cover 7 Product Types, 4 Vehicle Types, 6 Applications, and 5 Regions. 

The report comes with an associated file covering quantitative data from all numeric forecasts presented in the report.

The report has the following key findings:

• The global Automotive Semiconductor market accounted for $57,381.2 million in 2022 and is estimated to reach $90,925.2 million by 2029, registering a CAGR of 6.9% from 2023 to 2029.

• By Product Type the Analog segment has accounted for the highest market share in 2022, however, the Discrete and the Sensors segment is expected to grow with the highest CAGR during the forecast period.

• By Vehicle Type, the Passenger Vehicle segment was the largest contributor. However, the Heavy Commercial Vehicle segment grows at the highest CAGR during the forecast period.

• Among the Application, the infotainment and cluster segment is expected to continue its dominance throughout the forecast period. However, the hybrid, electric powertrain systems segment grow at the highest CAGR during the forecast period.

• Asia Pacific dominated the global Automotive Semiconductor market in 2022 and is projected to continue its dominance in the future.

• By country, the U.S. is the largest revenue contributor in 2022. However, China and India are expected to grow at the highest CAGR during the forecast period.

The report covers the following topics:

• Market Drivers, Restraints, and Opportunities 

• Porter's Five Forces Analysis 

• Market Trends and Key Developments in Automotive Semiconductor Market 

• COVID-19 Impact

• CASE (Connected, Autonomous, Shared, Electric): An overview

• Factors Affecting the Drive of the Automotive Industry

• Market Analysis by Product Type, Vehicle Type, Application, and Region 

• Ecosystem Analysis, and Vendor Analysis

• 20 Company Profiles, Financial overview, and Key Strategies 

• Market Analysis and Forecast from 2018 to 2029

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