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.
Included in Full Research
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
Clients can log in to view the entire
document.