Automotive semiconductor market to reach $100 billion by 2029 at CAGR of 11%

Yole reported that the automotive semiconductor market is expecting a significant CAGR of 11% between 2023 and 2029 to almost $100 billion at the end of the period. Other findings by Yole: Semiconductor device value per car: about $1000 in 2029. The conventional automotive supply chain needs to thoroughly examine its position and transform it to remain competitive. The most invested automotive semiconductor segments by OEM are power electronics, high-performance SoCs for ADAS, cockpit… and MCUs for future E/E architectures. $1,000 is the figure to keep in mind to visualize the key role of semiconductor technologies within the automotive industry in 2029. Yole Group’s analysts announce a $100 billion automotive semiconductor market at that time. Behind those figures, ADAS and safety will experience the highest growth with 14% CAGR between 2023 and 2029. Electrification is not included, as it is the second-largest market driver for semiconductor growth with more than 13% CAGR during the same period. And even though electrification in Europe is slowing down compared to last year, the Chinese market is still highly active in that field. Yu Yang, Principal Analyst, Automotive Semiconductor at Yole Group said "The global automotive market is growing slowly, leaving some OEMs and suppliers in more challenging situations during the transformation. However, the mid-term...