Global Automotive Semiconductor Market Size & Outlook
Global automotive semiconductor market, 2018-2030 (US$M)
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Global automotive semiconductor market highlights
- The global automotive semiconductor market generated a revenue of USD 32,143.6 million in 2023 and is expected to reach USD 66,563.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11% by 2030.
- In terms of segment, passenger vehicle accounted for a revenue of USD 23,107.6 million in 2023.
- Passenger Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 32,143.6 million |
| Market revenue in 2030 | USD 66,563.5 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Passenger Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
Other key industry trends
- In terms of revenue, the North America accounted for 32.5% of the global automotive semiconductor market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 345.2 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive semiconductor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive semiconductor market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 71.89% in 2023. Horizon Databook has segmented the Global automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Semiconductor Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Passenger Vehicle
- Commerical Vehicle
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive semiconductor market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive semiconductor market size, by regions, 2018-2030 (US$M)
Top 10 countries: Automotive semiconductor market size, 2023 (US$M)
Global automotive semiconductor market share, by vehicle type, 2023 & 2030 (%, US$M)
Automotive semiconductor market: Opportunity assessment by country
Global automotive semiconductor market, by region, 2023 (US$M)
| Vehicle Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,553.5 | 9,755.7 | 9,437.1 | 9,700.0 | 10,055.4 | 10,440.2 | 11,126.4 | 11,892.8 | 12,988.3 | 14,333.8 | 15,904.9 | 17,771.3 | 20,162.1 | 9.9% |
| Europe | 8,467.2 | 8,723.8 | 8,517.8 | 8,835.4 | 9,244.2 | 9,691.3 | 10,429.9 | 11,256.0 | 12,417.2 | 13,839.4 | 15,515.7 | 17,518.9 | 19,809.3 | 10.8% |
| Asia Pacific | 7,447.8 | 7,789.6 | 7,719.5 | 8,125.7 | 8,625.9 | 9,173.8 | 10,014.1 | 10,960.1 | 12,259.9 | 13,853.3 | 15,744.0 | 18,017.8 | 20,628.0 | 12.3% |
| Latin America | 1,799.3 | 1,874.1 | 1,849.8 | 1,939.4 | 2,050.9 | 2,172.9 | 2,363.2 | 2,577.1 | 2,872.5 | 3,234.6 | 3,663.6 | 4,178.7 | 4,746.0 | 11.8% |
| MEA | 584.9 | 600.8 | 587.5 | 607.5 | 633.6 | 665.4 | 717.3 | 771.6 | 852.6 | 947.3 | 1,063.8 | 1,203.1 | 1,218.1 | 9.0% |
| Overall | 27,852.7 | 28,744.0 | 28,111.7 | 29,208.0 | 30,610.0 | 32,143.6 | 34,650.8 | 37,457.5 | 41,390.5 | 46,208.4 | 51,892.0 | 58,689.8 | 66,563.5 | 11.0% |
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