Automotive Semiconductor Market Overview 2023-2032 – Market Growth Analysis, Trends And Drivers

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Automotive Semiconductor Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Automotive Semiconductor Market Definition
The automotive semiconductor refers to an
automotive component that exploits electronic
properties of semiconductor materials, like
silicon, germanium, gallium arsenide, and organic
semiconductors. The primary purpose of automotive
semiconductors is to be used in producing
semiconductor devices, which are required for a
wide range of automotive products. These
semiconductors can alter their electrical
conductivity by applying magnetic or electrical
fields, which makes semiconductors useful in
various applications and devices.
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Automotive Semiconductor Market Characteristics
The global automotive semiconductor market size
grew from 48.44 billion in 2022 to 55.14
billion in 2023 at a compound annual growth rate
(CAGR) of 13.8. The automotive semiconductor
market size is expected to grow to 88.05 billion
in 2027 at a CAGR of 12.4.
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Key Market Drivers And Trends
Drivers


The increase in demand for electric and hybrid
vehicles is expected to propel the growth of the
automotive semiconductor market.
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Drivers, Trends, Restraints, Strategies, And
Opportunities On The Automotive Semiconductor
Market Request For A Sample
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Automotive Semiconductor Market Segments
The report covers the Automotive Semiconductor
markets segments-


By Component
By Application
By Vehicle Type
Processor, Analog IC, Discrete Power, Sensor,
Memory, Other Components
Powertrain, Safety, Body Electronics, Chassis,
Telematics and Infotainment




Passenger Vehicle, Light Commercial Vehicle,
Heavy Commercial Vehicle, Other Vehicle Types
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Major companies in the market include
Key Market Players
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