Mexico Automotive Semiconductor Market Size & Outlook
Mexico automotive semiconductor market, 2018-2030 (US$M)
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Mexico automotive semiconductor market highlights
- The Mexico automotive semiconductor market generated a revenue of USD 533.7 million in 2023 and is expected to reach USD 1,188.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.1% 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 533.7 million |
| Market revenue in 2030 | USD 1,188.9 million |
| Growth rate | 12.1% (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, Mexico accounted for 1.7% 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 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 |
|---|
Mexico 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 63.86% in 2023. Horizon Databook has segmented the Mexico 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 Mexican market can be attributed to various initiatives taken by the government of Mexico to increase the production of semiconductors for use in vehicles.
For instance, in September 2022, the governments of Mexico and U.S. announced their plan to take advantage of the investment made by the U.S. in the production of semiconductors by combining their supply chains and accelerating the manufacture of electric vehicles through Mexico’s lithium industry.
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Target buyers of Mexico 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 country-level data and insights on the Mexico automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
Mexico Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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