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The automotive semiconductor market  is projected to grow from USD 42.9 billion in 2022 to USD 70.0 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.1% from 2022 to 2027. The automotive semiconductor shortage, a major hurdle for car production in recent years, continues to cast a long shadow over the industry. However, recent developments offer a glimmer of hope for a more stable future. The Lingering Shortage: While the initial panic of empty car lots has subsided, the shortage persists. Production issues, coupled with surging demand for advanced driver-assistance systems (ADAS) and electric vehicles (EVs), continue to strain supply chains. Legacy car parts, often reliant on older chip technologies, are facing extended lead times. This creates a domino effect, delaying vehicle production across segments. Get more information -  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195 Signs of Improvement: Despite the ong...

The automotive semiconductor  industry is  poised for significant growth, projected to reach a market value of $70.0 billion by 2027. This expansion is driven by transformative trends in automotive technology, including electric vehicles (EVs), autonomous driving systems, and advanced driver-assistance systems (ADAS). These innovations rely heavily on semiconductor components to enable functionality, safety, and efficiency in modern vehicles.                               Growth Drivers Electric Vehicles (EVs) : The shift towards electric mobility is a major catalyst for the automotive semiconductor market. EVs require sophisticated semiconductor solutions for power management, battery monitoring, and electric motor control, driving demand for high-performance chips. Autonomous Driving : The development of autonomous vehicles depends on a complex network of sensors, processors, and communication systems...