Published: 22 January 2024
Summary
Evolving vehicle autonomy, electrification, and transition to centralized compute E/E architecture will result in increasing chip content in cars. The automotive semiconductor market will reach $155.4 billion in 2032, from $67.5 billion in 2022, despite a slowdown in annual vehicle unit production.
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Overview
Forecast Assumptions
By 2031, software-defined vehicles will surpass 90% of total unit production, up from 4.1% in 2022, driven by the centralization of vehicle’s electrical/electronic (E/E) architecture.
By 2032, the unit production share of vehicles with internal combustion engines will decrease to under 60% of the total.
By 2032, launches of high-performance processors will accelerate unit production growth of autonomous vehicles above Level 2 to 35.3 million, up from 4.2 million in 2022.
Market Impacts
The cumulative semiconductor revenue growth in the traditional automotive application market (including body, chassis, powertrain, infotainment, instrument cluster and safety) through 2032 will be $1.2 billion.
The cumulative
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