The global automotive IC market reached a size of US$ 54.2 billion in 2023, and IMARC Group anticipates it will grow to US$ 120.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9% from 2024 to 2032. Key factors driving this growth include the rising demand for autonomous vehicles, increased automation, and a strong focus on enhancing driver and passenger safety. Visit us: https://www.imarcgroup.com/automotive-ic-market
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