The latest IDC report has revealed the share of leading suppliers in the global automotive semiconductor market.
Infineon (13.9 percent), NXP (10.8 percent), STMicroelectronics (10.4 percent), Texas Instruments (8.6 percent) and Renesas Electronics (6.8 percent) are the leading vendors in the automotive semiconductor market in 2023.
The top five vendors in the automotive semiconductor market captured over 50 percent of the market share in 2023.
The global automotive semiconductor market is forecast to surpass $88 billion by 2027, driven by the demand for high-performance computing (HPC) chips, graphics processing units (GPUs), radar chips, and laser sensors.
This growth is fueled by the adoption of the advanced driver assistance system (ADAS), electronic vehicles (EVs), and Internet of Vehicles (IoV).
IDC predicts that as the value of semiconductors per vehicle continues to rise, semiconductor companies will become increasingly critical to the automotive supply chain.
Infineon, NXP, STMicroelectronics, Texas Instruments (TI), and Renesas Electronics are investing in developing solutions for next-generation microcontrollers, system on a chip (SoC), and high-resolution radars.