Automotive Semiconductor Market By Component, By Vehicle Type, By Fuel Type, By Application, By Propulsion Type, By Region and Segment Forecast 2023-2032

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Automotive Semiconductor Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
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Automotive Semiconductor Market Segments
The Business Research Company segments its
automotive semiconductor market report as
The processor market was the largest segment of
the automotive semiconductor market segmented by
component, accounting for 31.7 of the total in
2021.
By Component
The passenger vehicle market was the largest
segment of the automotive semiconductor market
segmented by vehicle type, accounting for 64.6
of the total in 2021.
By Vehicle Type
The safety market was the largest segment of the
automotive semiconductor market segmented by
application, accounting for 25.8 of the total in
2021.
By Application
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Automotive Semiconductor Market Statistics
The automotive semiconductor market reached a
value of nearly 41,843.74 million in 2021,
having grown at a compound annual growth rate
(CAGR) of 4.6 since 2016. The market is then
expected to grow at a CAGR of 11.1 from 2026 and
reach 122,647.21 million in 2031.      
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Key Market Drivers And Trends
Drivers
The increasing popularity of autonomous vehicles
is expected to propel the growth of the
automotive semiconductor market going forward.
Trends
Resistive RAM technology is a key trend gaining
popularity in the automotive semiconductors
market.
Region
The Asia Pacific was the largest region in the
global automotive semiconductor market,
accounting for 42.8 of the total in 2021. It was
followed by North America, Western Europe and
then the other regions.
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Key Market Players

• Major players in the automotive semiconductor
  market are
• Infineon Technologies AG
• STMicroelectronics N.V.
• Texas Instruments, Inc.
• Renesas Electronics Corp.
• NXP Semiconductors N.V.
• And more.

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