Europe Automotive Semiconductor Market Size & Outlook
Europe automotive semiconductor market, 2018-2030 (US$M)
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Europe automotive semiconductor market highlights
- The Europe automotive semiconductor market generated a revenue of USD 9,691.3 million in 2023.
- The market is expected to grow at a CAGR of 10.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,691.3 million |
| Market revenue in 2030 | USD 19,809.3 million |
| Growth rate | 10.8% (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, Europe region accounted for 30.1% 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 |
|---|
Europe 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 91.18% in 2023. Horizon Databook has segmented the Europe automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The European market is expected to witness remarkable growth over the forecast period. The European automotive industry is investing heavily in autonomous driving, with several companies developing self-driving cars and trucks.
The development of autonomous driving technology requires sophisticated semiconductors that are capable of processing large volumes of data in real-time. Furthermore, the trend of connected cars, which are equipped with features such as infotainment systems, navigation, and telematics, is driving the adoption of semiconductor technology.
Connected cars rely on a variety of sensors, processors, and communication modules to allow communication between the car and external devices, such as smartphones and other vehicles.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe automotive semiconductor market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive semiconductor market size, by country, 2018-2030 (US$M)
Europe Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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