Global Automotive Chip Market May Nearly Double in Size by 2030 (.PDF Download)

June 12, 2023
New industry forecast says the global automotive semiconductor industry is on track to grow by 8.6% annually over the next seven years.

The increasing complexity of modern vehicle systems, the growing popularity of electric vehicles (EVs) and the fact that consumers want their vehicles loaded with safety features are just some of the key trends driving up demand for automotive semiconductors (aka, chips) right now. The most recent global chip shortage, which had a major impact on the automotive industry, and the rising cost of chips aren’t making things any easier for the industry right now.

Voice your opinion!

To join the conversation, and become an exclusive member of Supply Chain Connect, create an account today!