Asia-Pacific Dominates Automotive Semiconductor Market by 2031 The global automotive semiconductor market is set to grow from US$57.3 billion in 2023 to US$95 billion by 2030, expanding at a CAGR of 7.5%. This growth is fueled by advancements in automotive technology, particularly in electrification, autonomous driving, and connectivity. Semiconductors play a crucial role in powering key automotive components, such as engine control units, ADAS,...
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