top of page

Automotive Semiconductor Market's Unstoppable Rise to $150 billion - ADAS and AI to lead the way

Updated: Jul 21, 2023

As we gaze into the future of the global automotive semiconductor market, we are noticing a significant surge this month. The market projection reveals a near USD 150 billion threshold by 2030, escalating at a Compound Annual Growth Rate (CAGR) of 15.3% through the forecast period. Key market players include Robert Bosch GmbH, Qualcomm Inc., Renesas Electronics Corp., and Micron Technology Inc., among others.


The escalating interest in advanced driver assistance systems (ADAS) features within vehicles is acting as a catalyst for the market's upswing. Governments from emerging economies have imposed rigorous safety norms, obligating automakers to integrate ADAS features in their creations. Furthermore, the blossoming advancements in semi-autonomous and autonomous vehicles are unveiling trends that steer market growth. Notwithstanding, the absence of uniform protocols is a formidable obstacle constraining market expansion.



Automotive Semiconductors Market Mechanics & Progressions:

Want to read more?

Subscribe to marketunwinded.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.

Liked the Analysis? Explore our Exclusive Strategy Point Insights in the Report Store Now!

Contact Form Market Unwinded.png

Navigating Tomorrow Together

Charting the future, one conversation at a time. Let's connect.

Thanks for submitting! A dedicated consultant with get in touch with you shortly!

bottom of page