How big is the Europe Automotive Semiconductor Market?

The Europe Automotive Semiconductor Market size is expected to reach USD 14.16 billion in 2024 and grow at a CAGR of 9.20% to reach USD 21.95 billion by 2029. Read More

What is the current Europe Automotive Semiconductor Market size?

In 2024, the Europe Automotive Semiconductor Market size is expected to reach USD 14.16 billion. Read More

Who are the key players in Europe Automotive Semiconductor Market?

NXP Semiconductors NV, Infineon Technologies AG, STMicroelectronics NV, Robert Bosch GMBH and Texas Instruments Inc. are the major companies operating in the Europe Automotive Semiconductor Market. Read More

What years does this Europe Automotive Semiconductor Market cover, and what was the market size in 2023?

In 2023, the Europe Automotive Semiconductor Market size was estimated at USD 12.86 billion. The report covers the Europe Automotive Semiconductor Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Automotive Semiconductor Market Share

Statistics for the 2023 & 2024 Europe Automotive Semiconductor market share, created by Mordor Intelligence™ Industry Reports. Europe Automotive Semiconductor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Europe Automotive Semiconductor Industry

The European automotive semiconductor market is a semiconsolidated market with the presence of several prominent market players like NXP Semiconductors NV, Infineon Technologies AG, STMicroelectronics NV, Texas Instruments Inc., Robert Bosch GMBH, Micron Technology Inc., etc. The market players are striving to innovate new products by way of extensive investments in R&D, collaborations, and mergers to cater to the evolving demands of consumers.

January 2024: Texas Instruments introduced new semiconductors designed to enhance automotive safety and intelligence. The AWR2544 77 GHz millimeter-wave radar sensor chip is designed for satellite radar architectures, enabling higher levels of autonomy by improving sensor fusion and decision-making in ADAS.
August 2023: STMicroelectronics NV, one of the largest European semiconductor contract manufacturing and design companies, and BorgWarner, an American automotive supplier, joined forces to integrate SiC technology into BorgWarner's VIPER power modules. This integration strives to support Volvo Cars' transition to full vehicle electrification by 2030.