Automotive semiconductor market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the growing demand for microcontrollers, digital signal processors, application-specific integrated circuits, electric control units, automotive sensors, and MEMS (micro-electro-mechanical systems) in the automotive industry globally driving the growth of the market.According to the Semiconductor Industry Association (SIA), in March 2024, the automotive industry continues to be an important sector propelling semiconductor demand throughout the decade.The current generation of cars, including EVs, can have between 1,000 – 3,500 semiconductors. This number is expected to grow as consumers continue to prioritize advancements in vehicle safety systems (like advanced driver assistance systems (ADAS)), vehicle connectivity, and electrification.
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Advanced driver assistance systems (ADAS) enable safe, automated, and autonomous driving to make transportation safer for all road users. Increasing levels of driving automation require system solutions that enable highly predictable, accurate, and real-time responses. This drives demand for specialized semiconductor components for image processing, radar, LiDAR, and ultrasonic sensors.Various types of ADAS sensors include cameras, radar, LiDAR, sonar/ultrasonic, and more, each serving specific functions. Camera sensors play a significant role in ADAS, detecting objects on the road and enabling features like adaptive cruise control and lane departure warning.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Semiconductor Market by Component
- Processor Analog IC
- Discrete Power Device
- Sensor
- Memory
- Lighting Device
Global Automotive Semiconductor Market by Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Global Automotive Semiconductor Market by Application
- Powertrain
- Safety
- Body Electronics
- Chassis
- Telematics and Infotainment
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- Allegro MicroSystems, Inc.
- AMS Osram AG
- Analog Devices, Inc.
- Cree, Inc.
- Infineon Technologies AG
- Intel Corp.
- Microchip Technology Inc.
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V.
- ON Semiconductor Corp.
- Robert Bosch GmbH
- ROHM CO., LTD.
- Samsung Electronics Co., Ltd.
- Silicon Laboratories, Inc.
- Sony Corp.
- Texas Instruments Inc.
- Xilinx, Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive semiconductor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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