Saudi Arabia Automotive Semiconductor Market Size & Outlook
Saudi Arabia automotive semiconductor market, 2018-2030 (US$M)
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Saudi Arabia automotive semiconductor market highlights
- The Saudi Arabia automotive semiconductor market generated a revenue of USD 187.1 million in 2023 and is expected to reach USD 345.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.1% 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 187.1 million |
| Market revenue in 2030 | USD 345.2 million |
| Growth rate | 9.1% (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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Saudi Arabia automotive semiconductor market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 178.5 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 94.01% in 2023. Horizon Databook has segmented the Saudi Arabia automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Automotive Semiconductor Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Passenger Vehicle
- Commerical Vehicle
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Our clientele includes a mix of automotive semiconductor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
Saudi Arabia Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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