target audience: TECH SUPPLIER Publication date: Dec 2023 - Document type: Market Share - Doc Document number: # US50015123
Worldwide Automotive Semiconductor Market Shares, 1H23: Continued Growth, Outpacing Semiconductor Market
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Abstract
This IDC study provides automotive semiconductor market shares for the first half of 2023.
“The automotive semiconductor market through the first half of 2023 was a bright spot in the semiconductor market, growing significantly faster than the overall semiconductor market. Semiconductor shortages have largely been resolved, and companies anticipate that the market will moderate but have positive growth through the rest of 2023. Economic uncertainties continue in the China market, and higher-interest rates have slowed some markets. Vehicle inventory has also normalized,” says Nina Turner, research director, Artificial Intelligence Edge Processor Architectures program at IDC.