Canada Automotive Semiconductor Market Size & Outlook
Canada automotive semiconductor market, 2018-2030 (US$M)
Related Markets
Canada automotive semiconductor market highlights
- The Canada automotive semiconductor market generated a revenue of USD 1,514.9 million in 2023 and is expected to reach USD 3,109.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, commerical vehicle was the largest revenue generating vehicle type in 2023.
- Passenger 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 1,514.9 million |
| Market revenue in 2030 | USD 3,109.0 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Commerical vehicle |
| Fastest growing segment | Passenger 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, Canada accounted for 4.7% 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 North America, U.S. automotive semiconductor market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,109.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Commerical vehicle was the largest segment with a revenue share of 66.94% in 2023. Horizon Databook has segmented the Canada automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian market is expected to witness growth as a result of numerous initiatives taken by the government to boost the growth of the automotive semiconductor market in the country.
The Canadian government has been providing support in numerous ways, including tax incentives, grants, and research funding, thereby creating a favorable environment for semiconductor companies to invest and expand their operations in Canada.
Reasons to subscribe to Canada automotive semiconductor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada automotive semiconductor market databook
-
Our clientele includes a mix of automotive semiconductor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Canada automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
Canada Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
