Brazil Automotive Semiconductor Market Size & Outlook
Brazil automotive semiconductor market, 2018-2030 (US$M)
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Brazil automotive semiconductor market highlights
- The Brazil automotive semiconductor market generated a revenue of USD 1,565.2 million in 2023 and is expected to reach USD 3,348.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.5% 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.
Automotive semiconductor market data book summary
| Market revenue in 2023 | USD 1,565.2 million |
| Market revenue in 2030 | USD 3,348.8 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 4.9% of the global automotive semiconductor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil automotive semiconductor market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,188.9 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 81.02% in 2023. Horizon Databook has segmented the Brazil automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the automotive semiconductor market in Brazil is expected to be driven by the increasing production of electric vehicles in the country. The Brazilian automotive industry is one of the largest in Latin America and is a significant contributor to the country's economy.
With the increasing demand for smarter and more efficient vehicles, the use of semiconductors has become essential to improve performance, safety, and comfort. In April 2022, Carlos França, the Minister of Foreign Affairs, announced the establishment of special tax zones in Brazil as a means to attract semiconductor manufacturers in the country and increase the production of semiconductors.
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Our clientele includes a mix of automotive semiconductor market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
Brazil Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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