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Automotive Seen as Strongest Semiconductor Driver Through 2021

SAN FRANCISCO, Nov. 13, 2017 – The PC market, for many years the single biggest driving force for semiconductor sales, is headed toward its sixth consecutive year of decline. Meanwhile, the semiconductor industry is on pace for its best year ever.

As the PC has waned as the killer application for semiconductors, a host of new applications has risen in prominence. Among them is the automotive semiconductor market – a strong market for the semiconductor industry for years – which is becoming arguably the most important market for semiconductors as the amount of semiconductor content per vehicle rises.

In fact, market research firm IC Insights forecasts that the automotive semiconductor market will be the the strongest end market for chips through 2021. According to the firm, automotive electronic system sales are forecast to rise by a compound annual growth rate (CAGR) of 5.4 percent from 2016 through 2021.

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