Automotive Semiconductor Market Analysis, Share, Trend Industry Report, 2034
The Global Automotive Semiconductor Market was valued at USD 74.3 billion in 2024 and is estimated to grow at a CAGR of 8.4% to reach USD 164.7 billion by 2034. Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6022 The microcontroller segment was valued at USD 21.3 billion in 2024. Increasing electronic content in vehicles, especially within electric and ADAS-equipped models, continues to boost demand for high-performance automotive microcontrollers. These components remain integral to systems such as powertrain control, battery management, airbags, infotainment, and domain controllers. With the rise of software-defined vehicles (SDVs), the reliance on MCUs is expanding as they enable faster real-time computing and advanced vehicle coordination across multiple subsystems. The light commercial vehicles (LCVs) segment is projected to register a CAGR of 7.9% throughout 2034. Electrification of urban delivery fleets and integration ...