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Worldwide Automotive Semiconductor Market Forecast, 2024–2027

Publisher IDC
Published Jun 26, 2024
Length 21 Pages
SKU # IDC18930974

Description

Worldwide Automotive Semiconductor Market Forecast, 2024–2027


The global automotive semiconductor market was valued at approximately US$40 billion in 2020 and is projected to reach US$88 billion by 2027, increasing at a compound annual growth rate (CAGR) of 11.5%. This robust growth is primarily fueled by the rising demand for advanced driver assistance system (ADAS), infotainment, electrification, and connectivity solutions in vehicles."Autonomous driving and infotainment are the biggest potential application segments," says Adela Guo, senior research director, IDC Asia/Pacific. Guo adds, "both applications will occupy about 50% market share in 2027, semiconductor players should focus on their technology innovation, product quality assurance, manufacturing capacity building, supply chain optimization, ecosystem establishment, and sustainability to take more market share when facing the fierce competition."

Please Note: Extended description available upon request.

Table of Contents

21 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Total Market Analysis
Automotive Semiconductor Market Analysis by Type
Logic
Microcontroller Units
Microprocessor Units
Signal Management Semiconductor
Power Management Integrated Circuits
Dynamic Random-Access Memory
NAND
Discrete
Sensors
Optoelectronic
Automotive Semiconductor Market Analysis by Application
ADAS
Infotainment
Chassis
Powertrain
Body
Market Context
Drivers and Inhibitors
Drivers
Electric Vehicles
Advanced Driver Assistance Systems
Connectivity and Infotainment
Inhibitors
Global Supply Chain Disruptions
Technological Complexity and Integration Challenges
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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