Automotive semiconductor revenue outlook 2022
According to S&P Global Mobility’s automotive semiconductor market tracker, it is estimated that the revenue for 2022 will grow 24.7%, despite flat light vehicle production (LVP) and the revenue for automotive semiconductor in 2023 is estimated to reach USD76.02 billion
The automotive semiconductor companies’ have declared their third-quarter financial results for the year, as the companies continued to execute their strategy. Some of the companies have performed better-than-expected quarterly results. However, the year 2022 is still very volatile, making it difficult to predict the semiconductor company’s short-term automotive revenues.