R&D and Supply Chain Innovation Drive Automotive Semiconductor Momentum
The global automotive semiconductor market size was valued at USD 43.24 billion in 2023 and is projected to grow from USD 46.43 billion in 2024 to USD 80.75 billion by 2031, exhibiting a CAGR of 8.23% during the forecast period.
The automotive semiconductor market is undergoing a transformative phase, driven by the rapid evolution of vehicle technologies, increasing demand for electric...