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 The automotive semiconductor market is experiencing a red-hot growth spurt. Industry analysts report a surge in demand for these specialized chips, driven by the increasing popularity of tech-laden vehicles. Automotive Semiconductor Market for passenger cars is to grow at the highest CAGR during the forecast period The market for passenger cars growth can be attributed to the huge demand for passenger cars across the globe, especially in APAC. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others. Semiconductor electronics not only help improve the performance of the car but also enhance safety and reduce carbon emissions to a greater extent. Rapid improvements in road infrastructure, easy availability of cheap labor, increased purchasing power of consumers, and high demand for safer vehicles have propelled the growth of the market for autom...