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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 CAGR of 10.1% from 2022 to 2027. Automotive semiconductor systems are extensively deployed in a variety of applications, including powertrain, safety, body electronics, chassis, and telematics & infotainment. The high requirement for fuel-efficient cars and the stringent government regulations to lower CO2 emissions led to an increasing number of semiconductors in both traditional vehicles and EVs/HEVs. Governments in many countries are in the process of regulating emissions from internal combustion engine (ICE)-based cars. Although the  automotive semiconductor market  is growing at a steady pace, the market is consolidated among the players in the market. Key strategies adopted by top players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and d