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TrendForce: The automotive semiconductor market is projected to reach nearly $100 billion by 2029
2025-12-17 /
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Author：小编
On December 17, TrendForce's latest survey revealed that with the accelerated electrification and intelligent transformation of the automotive industry, the global automotive semiconductor market is expected to grow steadily from approximately $67.7 billion in 2024 to nearly $96.9 billion by 2029, representing a compound annual growth rate (CAGR) of 7.4% from 2024 to 2029. Additionally, the research by this consultancy also indicates that the penetration rate of global electric vehicles (including BEV, PHEV, FCV, HEV) in the new vehicle market will rise to 29.5% by 2025.
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