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Automotive IC Market is Expected to Reach US$ 120.3 Billion by 2032 | #automotive ic market #automotive ic market size #automotive ic market share #automotive ic market demand

Automotive IC Market is Expected to Reach US$ 120.3 Billion by 2032

Automotive IC Market is Expected to Reach US$ 120.3 Billion by 2032

The global automotive IC market size reached US$ 54.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 120.3 Billion by 2032, exhibiting a growth rate (CAGR) of 9% during 2024-2032. The increasing demand for autonomous vehicles, rising automation, and the growi