The automotive semiconductor market revenue will surpass $8.5 billion by 2027. The compound annual growth rate (CAGR) for the 2023–2027 period will reach 7 percent, noted Adela Guo, Research Director, IDC Asia Pacific.
IDC predicts that there will be escalating demand for semiconductors such as high-performance computing (HPC) chips, image processing units (IPUs), radar chips, and lidar sensors along with the popularity of advanced driver assistance system (ADAS), electric vehicles (EV), and Internet of Vehicles (IoV).
Automotive semiconductor market will surpass $8.5 bn: IDC
More like thisRelated
AI Boom Drives Record Semiconductor Revenue in Q1 2026 as NVIDIA, TSMC, and SK Hynix Lead Historic Growth
The global semiconductor industry delivered record-breaking performance in the...
Semiconductor Revenue to Surge 2026: AI, DRAM and NAND Drive 62.7% Growth Amid Supply Crunch
Omdia has sharply upgraded its semiconductor market outlook for...
SK Hynix Revenue Surges Past KRW 52 Trillion as AI Investments Drive Profit and Expansion Strategy
SK Hynix has delivered record-breaking financial performance in Q1...
Global 300mm Fab Equipment Spending to Hit $172 bn by 2029 on AI Chip Boom
Worldwide 300mm semiconductor fab equipment spending is entering a...