Asia Pacific Automotive Semiconductor Market Size & Outlook
Asia Pacific automotive semiconductor market, 2018-2030 (US$M)
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Asia Pacific automotive semiconductor market highlights
- The Asia Pacific automotive semiconductor market generated a revenue of USD 9,173.8 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,173.8 million |
| Market revenue in 2030 | USD 20,628.0 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical 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 |
| Key market players worldwide | Analog Devices Inc, Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corp, Rohm Co Ltd, STMicroelectronics NV, Texas Instruments Inc, Toshiba Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.5% of the global automotive semiconductor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,628.0 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 89.55% in 2023. Horizon Databook has segmented the Asia Pacific automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The introduction of 5G technology in Asia Pacific is expected to drive the growth of automotive semiconductors as it enables faster and more reliable communication between vehicles and external devices.
The 5G technology requires a range of semiconductors, including processors and communication modules, to enable high-speed connectivity. Moreover, 5G technology is expected to play a crucial role in the development of autonomous driving technology.
Autonomous vehicles require real-time communication with other vehicles and infrastructure, which can be facilitated by 5G technology. In addition, the development of autonomous driving technology requires a range of semiconductor components, including sensors, processors, and communication modules.
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Target buyers of Asia Pacific automotive semiconductor market databook
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Our clientele includes a mix of automotive semiconductor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive semiconductor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automotive semiconductor market size, by country, 2018-2030 (US$M)
Asia Pacific Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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