Technology

Automotive Semiconductor Market Share worth $77.76 billion by 2030- Exclusive Report by The Research Insights

Published

1 year ago

May 22, 2025

CHICAGO, May 22, 2025 /PRNewswire/ — The global automotive semiconductor market size is projected to be valued at USD 44.94 billion in 2023 and reach USD 77.76 billion by 2030, growing at a CAGR of 8.1% according to a new report by The Research Insights. Advancements in vehicle electrification and autonomous driving technology alongside connectivity improvements are transforming the automotive semiconductor market. The growing dependence of vehicles on electronic systems and intelligent technologies makes semiconductors vital for advancing safety features and performance capabilities as well as enabling innovation.

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Market Overview and Growth Trajectory:

Automotive Semiconductor Market Growth: According to an exhaustive report by The Research Insights, the Automotive Semiconductor Market is undergoing significant growth driven mainly by the swift expansion of electric vehicles (EVs). Electrical vehicle (EV) operations require advanced electronic systems to maintain both efficiency and safety unlike traditional internal combustion engine (ICE) vehicles. Electric vehicles are transforming the semiconductor sector because they contain much more semiconductor content compared to internal combustion engine vehicles. The automotive semiconductor market gains importance alongside the ongoing worldwide effort to promote clean mobility.

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the automotive semiconductor market growth of 8.1% comprises a range of component, type, application and geography which are expected to register strength during the coming years.

Growth in Advanced Driver Assistance System (ADAS): Advanced Driver Assistance System (ADAS) adoption serves as a major driving force currently transforming the automotive semiconductor market. Advanced driver assistance system such as lane departure warnings and automotive emergency braking as well as adaptive cruise control and blind-spot detection have become standard features instead of premium options. Consumer expectations together with regulatory requirements for improved road safety have made advanced driver assistance system standard across all vehicle types. Vehicles increasing their intelligence and connectivity has led to a sharp rise in the demand for fast-processing chips. The development of higher autonomy levels in vehicles creates an exponential demand for robust real-time processing capabilities. The automotive semiconductor market leads the way in automotive innovation. Manufacturers continue to make substantial investments in advanced chip design and edge computing technologies that will enable vehicles to support drivers while eventually facilitating autonomous driving capabilities. The ongoing transformation in vehicle technology is creating new capabilities for vehicles and changing our methods of interaction with them.

Edge AI Integration in Automotive Semiconductors: The automotive semiconductor market sees a fundamental shift through Edge AI integration because vehicles transform from basic transportation tools to intelligent systems with responsive behaviors. Edge AI enables vehicles to process data directly on-board where the information originates instead of sending it to the cloud for analysis. Real-time decision-making during critical driving moments requires local processing because a matter of milliseconds determines safety outcomes. The car’s cameras, radar and LiDAR sensors collect data which powerful AI-enabled semiconductors inside the vehicle analyze instantly. Edge AI provides additional functionalities such as voice recognition and intelligent infotainment while offering driver monitoring to improve both personalization and intuition in the driving experience. Edge AI will become critical technology as the automotive sector advances towards fully autonomous vehicles. The emergence of edge AI technology transforms vehicle capabilities into new realms of perception and function making the automotive semiconductor market central to the rapid technological revolution.

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Rising Preference for Discrete Power Component: The automotive semiconductor market shows preference for discrete power components due to the swift shift toward electric and hybrid vehicles. MOSFETs, IGBTs, and diodes serve essential functions in power conversion management and enable motor control and battery charging operations. The essential requirements for efficient energy conversion and thermal stability in electric vehicles lead to the growing adoption of discrete power semiconductors made from wide-bandgap materials like silicon carbide and gallium nitride. The combination of their high voltage management capability and high-temperature performance makes these semiconductors key elements for inverter systems and DC-DC converters along with onboard chargers. The automotive industry’s push towards electrification and energy efficiency strengthens the discrete power segment which provides essential support for the automotive semiconductor market to meet performance and sustainability targets.

Geographical Insights: Strong investments in autonomous vehicle development and advanced driver-assistance systems (ADAS) drive the automotive semiconductor market in North America especially in the United States. Leading automotive and technology corporations are investing significant research and development resources into the creation of advanced edge computing solutions and electric vehicle technologies. The automotive semiconductor market by volume is dominated by the Asia Pacific region because major automotive companies and top semiconductor fabrication facilities operate throughout China, Japan, South Korea, and Taiwan. The automotive semiconductor market in Europe continues to grow because of the region’s commitment to sustainability, electric vehicle technology improvement and strict safety laws. The automotive sectors of Germany and France include leading OEMs and first-level suppliers which boost semiconductor requirements for electric vehicles as well as ADAS and connectivity systems within cars.

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Automotive Semiconductor Market Segmentation and Geographical Insights:

Based on component, the market is divided into processor, discrete power, sensor, memory and others. The discrete power segment held the largest share of the automotive semiconductor market in 2024.Based on vehicle type, the market is divided into passenger vehicle, light commercial vehicle (LCV) and heavy commercial vehicle (HCV). The passenger vehicle held the largest share of the automotive semiconductor market in 2024.Based on application, the market is divided into chassis, powertrain, safety, telematics & infotainment and body electronics. The body electronics segment accounted for a larger share of the automotive semiconductor market in 2024.The automotive semiconductor market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

Key Players and Competitive Landscape:

The Automotive Semiconductor Market is characterized by the presence of several major players, including:

Analog Devices, Inc.Infineon Technologies AGNXP SemiconductorsRenesas Electronics CorporationRobert Bosch GmbHROHM Co., Ltd.Semiconductor Components Industries, LLCSTMicroelectronicsTexas Instruments IncorporatedToshiba Corporation

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Automotive Semiconductor Market Recent Developments and Innovations:

In April 2024, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today announced that it has started operations at its Kofu Factory, located in Kai City, Yamanashi Prefecture, Japan.In February 2024, Infineon Technologies and Honda Motor Co. signed a Memorandum of Understanding (MoU) to build a strategic collaboration for automotive semiconductor solutions. Honda has selected Infineon as its semiconductor partner to enhance the development of competitive and advanced vehicles.In June 2023, Nidec Corporation and Renesas Electronics Corporation have agreed to collaborate on the development of semiconductor solutions for a next-generation E-Axle (X-in-1 system) that integrates EV drive motor and power electronics for electric vehicles (EVs).

Conclusion:

The automotive semiconductor market experiences a major shift because electric vehicles (EVs), advanced driver-assistance systems (ADAS), and edge AI integration all require high-performance, efficient and reliable semiconductor components. Processors maintain their status as the primary choice because they function as the central computational component for real-time decision-making and vehicle intelligence alongside connectivity functions. The transition to electrification across the world has led to significant growth in the use of discrete power semiconductors because they are essential for power conversion and energy management. The market maintains a strong outlook despite supply chain difficulties and cost pressures because of the permanent shift toward intelligent, environmentally friendly and connected transportation. The automotive semiconductor market will continue to serve as a critical foundation for future automotive innovation as cars develop into mobile data centers.

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The report from The Research Insights, therefore, provides several stakeholders—including raw material suppliers, fabless manufacturers, integrated device manufacturers (IDMs), OEMs, and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 77.76 billion by 2030, the Automotive Semiconductor Market represents a significant opportunity for raw material suppliers, fabless manufacturers, integrated device manufacturers (IDMs), OEMs, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Check out more related studies published by The Research Insights:

Automotive Electronic Control Unit Market – The global automotive electronic control unit market size is expected to reach USD 156.0 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 5.9% from 2023 to 2030. The growth of this market can be attributed to the increasing demand for feature-rich vehicles and the OEMs’ emphasis on providing advanced software features.Automotive Software Market – The global automotive software market size is expected to reach USD 66.18 billion by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 15.0% during the forecast period, attributed to growing need for connected and intelligent vehicles has led to a significant surge in demand for automotive software solutions.Automotive Image Sensors Market – The global automotive image sensors market size is anticipated to reach USD 7.15 billion by 2030 and is projected to grow at a CAGR of 11.6% from 2023 to 2030, according to a new report by The Research Insights. The explosive growth of the autonomous vehicle sector has catalysed an unprecedented demand for top-tier image sensors, setting the stage for a significant expansion of the market.Automotive TIC Market – The global automotive TIC market size is anticipated to reach USD 72.51 billion by 2030, according to a new report by The Research Insights, expanding at a CAGR of 10.7% from 2023 to 2030. The global automotive testing, inspection, and certification (TIC) market is poised for significant growth, driven by the need for increasingly complex and sophisticated automotive technologies.

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About The Research Insights:

The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions.

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Technology

QUIGLEY-SIMPSON LAUNCHES NEW AI DISCOVERABILITY AND VISIBILITY OFFERING

Published

38 minutes ago

June 15, 2026

Agency Helps Brands Improve How They Are Discovered, Understood, Referenced, and Recommended Across AI-Powered Platforms

LOS ANGELES, June 15, 2026 /PRNewswire/ — Quigley-Simpson, the impact-obsessed independent marketing agency, today announced a new AI discoverability and visibility offering designed to help brands improve how they are discovered, understood, referenced, and recommended across AI assistants, large language models (LLMs), search engines, and digital media environments.

As consumers increasingly turn to AI-powered platforms for information, recommendations, and purchasing decisions, brands face a new challenge: ensuring accurate, credible, and authoritative information about their business is available and accessible to both people and AI systems.

“Consumers are no longer discovering brands through search engines, advertising, or social media alone,” said Carl Fremont, CEO of Quigley-Simpson. “AI platforms are becoming an increasingly important source of information and recommendations. Brands must now think beyond traditional visibility and consider how they are represented across the broader AI ecosystem.”

The new capability helps brands understand and improve the signals that influence how AI systems interpret, evaluate, and recommend information. Unlike point solutions focused solely on monitoring AI responses, Quigley-Simpson’s approach combines communications, content, creative, media, analytics, and optimization to help brands actively strengthen their visibility and authority.

Built on the agency’s integrated operating system, the offering leverages expertise from communications, creative, media, analytics, strategy, and technology teams to address this emerging challenge.

“We believe brands now need to market to both humans and machines,” said Jeff Ratner, President, Media, Data & Analytics at Quigley-Simpson. “The information AI platforms use doesn’t appear by accident. It is shaped by content, communications, media signals, authority, and credibility across the digital ecosystem. What differentiates our approach is our ability to move beyond diagnosis and activate solutions through integrated communications, creative, media, and analytics programs.”

Historically, communications strategies were designed primarily to influence people. Today, they also influence the systems increasingly shaping consumer discovery and decision-making.

“Brands have spent decades optimizing how they communicate with consumers,” said Alissa Stakgold, President Strategy and Creative Services, at Quigley-Simpson. “Now they must also consider how they communicate with the AI systems that summarize, interpret, and distribute information at scale. This capability helps brands better understand those dynamics and respond strategically.”

The offering combines proprietary methodologies with leading third-party technologies, including AI visibility and monitoring platforms, while leveraging Quigley-Simpson’s broader media, analytics, and intelligence infrastructure.

Initial services include:

• AI visibility and discoverability audits
• Brand authority and citation analysis
• Competitive benchmarking
• Communications and content strategy
• Creative and messaging optimization
• Media and content amplification
• AI response monitoring and reporting
• Ongoing optimization and measurement

The framework is built around five core pillars: Content, Credibility, Connections, Coverage, and Calibration.

Together, these pillars help brands strengthen the signals that influence how AI systems interpret, reference, and recommend information while improving consistency across communications, content, media, and customer experiences.

ABOUT QUIGLEY-SIMPSON:
Headquartered in Los Angeles, with an office in New York City, Quigley-Simpson is the largest WBENC-certified woman-owned advertising agency in the country and an impact-obsessed marketing partner for brands seeking measurable growth. Its fully integrated offerings span brand strategy, creative development, media planning and buying, digital performance, analytics, and AI-enabled solutions. For 25 years, Quigley-Simpson has helped brands break through growth barriers by connecting brand building with business outcomes. As a full-solutions, full-journey agency, it transforms insights into action and action into measurable impact, delivering results that drive long-term growth and competitive advantage. Clients include industry leaders such as JPMorgan Chase and Procter & Gamble, alongside high-growth brands including Generac, Simply Business, Finance of America, and Kumon. Quigley-Simpson’s approach is rooted in a simple philosophy: be Brand-led, Demand-driven, and Impact-obsessed.

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SOURCE Quigley-Simpson

Technology

Dialogica Emerges from Stealth to Empower Lawyers to Reclaim Their Time

Published

38 minutes ago

June 15, 2026

New class of legal cognition provides fully secure, local platform to remove the rote, non-billable work that slows lawyers down

SANTA MONICA, Calif., June 15, 2026 /PRNewswire/ — Dialogica (“Dia”), the new, voice-first class of legal cognition built to empower lawyers to reclaim their time while preserving legal judgment, trust, and confidentiality, announced its public launch today. The company is supported by Ground Up Ventures, led by Cory Moelis, and global leading lawyers, including Tom Glocer, ex-CEO of Thomson Reuters, and members of the board of directors at Morgan Stanley and Merck, Scott Taylor, former GC of Symantec, Health Ingram, a Top 40 BioTech Regulatory Counsel and Partner at Goodwin Proctor, and partners at various AmLaw 50 law firms.

Dia was built to free lawyers from the rote work that holds firms back, like calendaring, timekeeping, redlining, precedent searching, tracking clients, matters, deals, and cases, and much more, so they can focus on what they do best. Sensitive firm data stays within the firm’s walls, and Dia works seamlessly with the systems and technology already in place. The result is more billable time and revenue per lawyer, and more room for work-life balance that is rarely afforded in the industry.

The launch comes as current ‘last mile’ legal AI tools have focused on the drafting work that lawyers spend years training to do. Dia is focused on the first mile of legal work; this is the high-friction layer where matters start, where time is lost, and where repetitive work slows lawyers down. It operates as a horizontal, voice-first dialogue layer that strengthens what firms already have rather than replacing it, and was built to provide a practical, secure way to give lawyers an intuitive, easy-to-use system while maintaining the standards of security, confidentiality, and control that their clients demand.

“I spent years watching my colleagues, and brilliant lawyers, lose hours every single day to work that had nothing to do with being a lawyer,” said Austin Worrell, Co-Founder and CEO, Dialogica. “We built Dia to give lawyers this time back, without touching their judgment, training on firm data, or asking anyone to change how they work. We want lawyers to be able to focus on counsel, strategy, and client services; the work that defines a great law firm, and that no AI could ever replace.”

“We built Dia to be the first platform that works the way law firms already operate, rather than force them into a new system,” said Joshua Goodman, Co-Founder and CTO, Dialogica. “At the same time, Dia does not compromise on security, ensuring firms get all the benefits without anything leaving their environment. This is an exciting moment to work with firms that want to move now to define the modern legal practice and future-proof their practices.”

Scott Joachim serves as President of Dialogica, and has almost three decades of experience as a corporate attorney. He previously served as Co-Chair of the Global Private Equity Practice at Paul Hastings, an “American Lawyer Top 25” international law firm, and chair of the private equity practice at leading technology law firm Fenwick and West. He also serves as an adjunct professor at Columbia University. “The intersection of law and technology is at a critical inflection point. I joined Dialogica because I’ve seen first-hand the inefficiencies and frictions in law practice that our products solve. The numbers are undeniable.”

“There is nothing in the market right now making non-billable hours more productive,” said Cory Moelis, General Partner, Ground Up Ventures. “In a field where privacy is absolutely critical, you can’t just build using foundational models. Assistants are emerging as the next wave as models become commodities, and that’s why I’m thrilled to be involved with Dialogica, as they are ahead of this curve.”

About Dialogica
Dialogica, Inc. is the company behind Dia, a secure amplified intelligence platform built to help law firms clear the clutter of daily practice while preserving the legal judgment, client trust, and confidentiality that define the profession. Designed for the operating realities of sophisticated firms, Dia is a voice-first dialogue layer that works across existing systems to reduce repetitive, non-billable work and give lawyers more time for the counsel, strategy, analysis, and client service only they can provide. For more information, visit: dialogicaai.com.

Media Contact
Dialogica@5wpr.com

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Technology

NEUBERGER MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

Published

38 minutes ago

June 15, 2026

NEW YORK, June 15, 2026 /PRNewswire/ — Neuberger Municipal Fund Inc. (NYSE American: NBH) (the “Fund”) has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on July 15, 2026, has a record date of June 30, 2026, and has an ex-date of June 30, 2026. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.

The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor’s cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund’s investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

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