Automotive Semiconductor Market Size, Share, Growth Drivers, Regional Analysis and forecasts to 2030
Automotive Semiconductors Market Highlights The Global Automotive Semiconductor Market size is anticipated to register a significant CAGR of 7% Forecast Period. Semiconductors enable most of the innovations in automotive development as the modern car contains features like cell phone integration, heads-up displays, autonomous driving aids, comfort, and performance which needs the aid of the semiconductor. As cars become even more complex, demand for automotive semiconductors will increase progressively and provide a powerful long-term growth engine for the automotive sector. Automotive semiconductor ICs with different functionalities are used in various automotive products, like navigation control, infotainment systems, and collision detection systems. The electrification and automation of automobiles have led to increased demand in semiconductor wafers. The continuous innovations in the field of semiconductors for wide variety of applications in passenger cars, lightweight com