Story perspectives
Automotive Semiconductor Market Hits $21.7 Billion in 2023
9/2/2025
1 of 2
Processors Dominate Automotive
- In 2023, processors held a 43.6% share of the automotive semiconductor market.
- Demand was primarily driven by passenger vehicles at 68.5%, with infotainment and telematics systems at 24.9%.
- The Asia-Pacific region led the market with a 42.6% share, generating around USD 21.7 billion.
- Passenger cars represented over 56% of the market, while OEMs accounted for over 31%.
- Dongfeng Motor's You Zheng highlighted AI technology's role in automotive innovation.
1 / 2
