AutoTechInsight
Automotive semiconductor market tracker – September 2024
The automotive semiconductor market outlook for 2024 has worsened, now projecting only a 1.5% growth. This shift is primarily driven by falling light vehicle sales in key markets and high vehicle inventory levels. Contrary to earlier expectations, chip inventory corrections are anticipated to extend through end of 2024, as reported by several suppliers.
However, a relative rebound in automotive semiconductor revenue is expected in 2025, fueled by the end of inventory corrections and the launch of new electric vehicles. The long-term outlook remains optimistic, supported by advancements in Advanced Driver-Assistance Systems (ADAS), new electronic architectures, and the ongoing trend toward electrification.
The automotive semiconductor market tracker Database analyzes the automotive semiconductor market for light passenger vehicles. It provides:
- Global shipment forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors
- Revenue forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors automotive electronics by domain and application (sub-domains)
Key issues addressed:
- How big is the automotive electronics semiconductor market, and how fast will it grow in the next six years?
- Trend analysis of semiconductor adoption on the automotive electronics system by shipments and revenue.
