The Global Automotive Semiconductor Market was worth US$ 48.13 Bn in 2020 and total revenue is expected to grow at a rate of 11.2 % CAGR from 2021 to 2027, reaching almost US$ 129.17 Bn in 2027.
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Semiconductors are made from pure elements or compounds. These materials' properties can be altered via doping. Doping introduces impurities into the system. They are compliant with the automotive industry's technical and quality standards. Autonomous driving is predicted to result in a rise in the number of semiconductor devices used in the car sector as technology improves. Autonomous vehicles rely on sophisticated algorithms, actuators, powerful processors, and machine learning systems to execute software.