U.S. Automotive Semiconductor Market Size & Outlook
U.S. automotive semiconductor market, 2018-2030 (US$M)
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U.S. automotive semiconductor market highlights
- The U.S. automotive semiconductor market generated a revenue of USD 8,925.4 million in 2023 and is expected to reach USD 17,053.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.7% 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.
Automotive semiconductor market data book summary
| Market revenue in 2023 | USD 8,925.4 million |
| Market revenue in 2030 | USD 17,053.1 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Commerical vehicle |
| Fastest growing segment | Passenger 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, U.S. accounted for 27.8% 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 North America, U.S. automotive semiconductor market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,109.0 million by 2030.
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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 63.2% in 2023. Horizon Databook has segmented the U.S. automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for advanced infotainment systems such as touchscreens and voice-activated controls is driving the demand for automotive semiconductors in the U.S. Infotainment systems include advanced audio systems, such as high-end speakers and Digital Signal Processors (DSPs), which require advanced semiconductor components to function.
Furthermore, numerous key players in the U.S. are taking initiatives to enhance their product offerings of infotainment systems. For instance, in January 2023, Panasonic Automotive Systems Company of America, a division of Panasonic Corporation and manufacturer of infotainment solutions, which allows users to access Siri while using Apple CarPlay or Alexa.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. automotive semiconductor market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive semiconductor market size, by vehicle type, 2018-2030 (US$M)
U.S. Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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