Automotive Chip Market to Reach 3B by 2032

Automotive Chip Market to Reach $153B by 2032

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The Global Automotive Semiconductor industry was estimated at $59.9 billion in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 10.3 percent from 2023 to 2032, reaching $153.11 billion, according to Adroit Market Research. Electronic parts particularly engineered and tuned for usage in vehicles are referred to as automotive semiconductors.…

The post Automotive Chip Market to Reach $153B by 2032 appeared first on EPS News.

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