Global Automotive Chip Market May Nearly Double in Size by 2030 (.PDF Download)

The increasing complexity of modern vehicle systems, the growing popularity of electric vehicles (EVs) and the fact that consumers want their vehicles loaded with safety features are just some of the key trends driving up demand for automotive semiconductors (aka, chips) right now. The most recent global chip shortage, which had a major impact on the automotive industry, and the rising cost of chips aren’t making things any easier for the industry right now.