According to the latest research report by Yole Developpement, the automotive semiconductor chip market is expected to grow from US$44 billion in 2021 to US$80.7 billion in 2027.

By then, the value of semiconductor chips per car will grow from about $550 to $912 in 2027. At the same time, the number of chips in cars is also increasing, from 820 chips today to 1,100 chips in 2027.

The agency believes that vehicle electrification and ADAS trends are the main drivers of this growth.

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