According to MRFR analysis, the global Automotive Semiconductor market is expected to register a CAGR of ~11% from 2022 to 2030 and hold a value of over USD 121 billion by 2030.

According to the research reports by MRFR, the global market for automotive semiconductors is predicted to bolster considerably during the review period from 2022 to 2030

The automotive semiconductor market refers to the demand and supply of semiconductors or electronic components used in automobiles.

According to the research reports by MRFR, the global market for automotive semiconductors is predicted to bolster considerably during the review period from 2022 to 2030 at a healthy growth rate of approximately 8.8%.

The automotive semiconductor market size will grow at an 8% CAGR in the forecast period (2022 2030), states the latest Market Research Future (MRFR) report.