UK Automotive Semiconductor Market Size & Outlook
UK automotive semiconductor market, 2018-2030 (US$M)
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UK automotive semiconductor market highlights
- The UK automotive semiconductor market generated a revenue of USD 1,134.9 million in 2023 and is expected to reach USD 2,402.9 million by 2030.
- The UK market is expected to grow at a CAGR of 11.3% 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 1,134.9 million |
| Market revenue in 2030 | USD 2,402.9 million |
| Growth rate | 11.3% (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, UK accounted for 3.5% 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 Europe, Germany automotive semiconductor market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,607.6 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 92.79% in 2023. Horizon Databook has segmented the UK automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of telematics in the U.K. is driving the demand for automotive semiconductors. Telematics systems rely on semiconductors such as microcontrollers, sensors, and communication modules, which enable the transfer of data between the vehicle and remote servers.
Moreover, the high adoption of telematics in the U.K. can be attributed to the increasing demand for vehicle connectivity and fleet management, as well as the growing need for improved road safety.
The U.K. government has taken several initiatives to encourage the adoption of telematics technology, including the implementation of the Intelligent Speed Assistance (ISA) system, which uses telematics to monitor vehicle speed and provide drivers with speed limit information.
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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 UK automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
UK Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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