North America Automotive Semiconductor Market Size & Outlook
North America automotive semiconductor market, 2018-2030 (US$M)
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North America automotive semiconductor market highlights
- The North America automotive semiconductor market generated a revenue of USD 10,440.2 million in 2023.
- The market is expected to grow at a CAGR of 9.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 10,440.2 million |
| Market revenue in 2030 | USD 20,162.1 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Commerical vehicle |
| Fastest growing segment | Passenger 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, North America region accounted for 32.5% 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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North America 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 63.74% in 2023. Horizon Databook has segmented the North America 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 North American automotive semiconductor market is expected to be driven by the rising adoption of Advanced Driver Assistance Systems (ADAS) and growing demand for electric vehicles in the region.
The increasing focus on vehicle safety is driving the demand for ADAS technologies such as collision avoidance systems, lane departure warning systems, and adaptive cruise control. These systems heavily rely on semiconductor technology, which bodes well for market growth.
Moreover, the rising demand for advanced infotainment systems in the region, such as touchscreens and voice-activated controls, is contributing to the growth of the regional market as these systems require complex semiconductor components.
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Target buyers of North America 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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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 North America automotive semiconductor market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America automotive semiconductor market size, by country, 2018-2030 (US$M)
North America Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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