Automotive semicon chip market to reach US$ 84.3 billion in 2028 at 11.9% CAGR

Market researcher Yole has reported that the automotive specific semiconductor chip market to see robust growth that it is estimated to generate a revenue of US dollar 84.3 billion in 2028 growing 11.9% CAGR from year 2022 where it is estimated to have generated revenue of US$ 43 billion. Yole said the percentage of semiconductor chip value per car is around US$ 540 in year 2022 and is estimated to reach US$ 912 in 2028. The major key drivers of the market are electrification and driving automation technologies such as ADAS. Eric Mounier, Ph.D., Director of Market Research at Yole Intelligence said “In 2022, each car contains around US$540 worth of semiconductor chips, which is projected to rise to about US$912 by 2028. This is driven by the adoption of ADAS and electrification, increasing the number of chips per vehicle from 850 to 1,080.” Further findings shared by Yole includes: Key drivers are numerous and include electrification, requiring new substrates like SiC , advanced technology nodes as small as 16nm/10nm for ADAS components and a growing demand for memory, especially DRAM and computing power for Level 4 and 5 autonomous vehicles. At the wafer level, Yole Intelligence announces wafer shipments to increase from 37.4 million units in 2022 to 50.5 million in 2028. It includes memory, processors, and MCU s leading the way for 12-inch wafers. SiC devi...