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
TSMC posts 44% revenue growth in Q2 on surging AI demand
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading maker...
AI powers investment boom in advanced semiconductor manufacturing
Artificial intelligence (AI) is emerging as the primary force...
Texas Instruments unveils $60 bn U.S. manufacturing expansion plan, to create 60,000 jobs
Texas Instruments (TI) has announced a sweeping investment plan...
Intel strengthens leadership team with key engineering and revenue appointments
Intel has announced several high-profile leadership appointments as CEO...