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IC Insights: The annual growth of global automotive chips will reach 13.4% in the next five years

Release time : 2022-11-08

Recently, IC Insights, a well-known semiconductor analysis agency, recently released an updated report for 2022, which analyzed and predicted the main product types and IC market

Estimation.

The report shows that the global automotive chip market has grown steadily since 1998, accounting for only 4.7% of the global overall chip sales in that year, to 2021

It has increased to 7.4% in. It is expected that the market share of the automotive sector will continue to grow, reaching 8.5% this year and 9.9% in 2026.

In contrast, computer chips, which originally accounted for 55.6%, have been decreasing in recent years.

The report points out that the core of the rapid growth of the automotive chip market is that a large number of new sensors, analog devices, controllers and optoelectronic devices have been integrated into most new vehicles

Medium. In addition, the growth of global hybrid and all electric vehicle sales is driving this forecast growth.

IC Insights estimates that these factors will lead to the highest CAGR of the global automotive chip market from 2021-2026, reaching 13.4%. However, IC

Insights also pointed out that due to the relatively small scale of global automotive chips, it is not expected to significantly increase the growth rate of the entire chip market in the next five years.


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