Market researcher still sees bright outlook for automotive electronics

November 20, 2018 //By Christoph Hammerschmidt
Market researcher still sees bright outlook for automotive electronics
Despite the recent scepticism on the stock markets about the semiconductor industry as a whole and some setbacks in the development of autonomous cars, market researcher IC Insights sees the automotive industry as a growing market for the chip industry.

Of the six major customer markets of the semiconductor industry (Communications, Computer, Industry/Med, Consumer, Automotive and Government / Military), the automotive industry is only the second smallest market (see table), but it remains the submarket with the highest growth rate and the best outlook for the year 2019. In the current year, the automotive industry has already purchased semiconductor products worth $162 billion worldwide, an increase of 6.6%. IC Insights has calculated further growth of 6.3% for the coming year. For the period from 2017 to 2021, the market researcher expects average growth (CAGR) of 6.4%, more than any other sector.

In 2018, the automotive industry will account for around 9.4% of the semiconductors produced worldwide. The total value of the cake is $1.62 trillion. The share of this industry thus grew slightly compared to the previous year (9.1%). Over the past decade, the importance of the automotive industry as a customer of semiconductor manufacturers has thus slowly but steadily increased.

Constant growth: Among all semiconductor markets,
the automotive industry is the one with the highest CAGR.

The growing appetite of carmakers for chips and transistors is fed by the increasing use of electronics in cars: Driver assistance systems are not only becoming increasingly complex and thus devouring more and more chips - they can also be found in more and more cars down to the compact class.

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