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The global automotive semiconductor market is projected to reach a value of USD 87.2 Billion by 2031 with a CAGR of 8.1% over the forecast period. The increasing use of semiconductors in the automotive sector is driven by the need for artificial intelligence in vehicles, which enables human-like behaviors and faster reaction times. Microcontrollers are a dominant component in automotive semiconductors, contributing to improved vehicle efficiency and safety. Advanced driver assistance systems (ADAS) also play a significant role in the market, ensuring vehicle safety and convenience.
