India, Dec. 22 -- TrendForce's latest investigations indicate that the rapid acceleration of vehicle electrification and intelligence is expected to propel the global automotive semiconductor market from approximately US$67.7 billion in 2024 to nearly $96.9 billion by 2029, representing a CAGR of 7.4% over the 2024-2029 period.

However, growth across automotive semiconductor segments is highly uneven. HPC chips, represented by logic processors and advanced memory, are expanding at a significantly faster pace than traditional components such as MCUs. This divergence reflects a rapid shift in market value toward core technologies that enable vehicle intelligence and electrification.

TrendForce research reveals that global EV penetration, ...