North America is anticipated to remain lucrative throughout the assessment period 2020-2030. The micro-components (processors) segment is anticipated to witness an accelerated expansion of 7.0% during the projected period. The passenger vehicle types segment will continue to lead the global market among other segments. The safety application category is likely to rise at a higher pace over the assessment period. The automotive industry will remain a key beneficiary throughout the projected period. Automotive Semiconductor Market – Drivers Increasing preference for best-in-class features and greater performance in motor vehicles boost the market demand. Steady growth in the need for the safety attributes in ultra-modern vehicles will propel market growth.