After strong year-over-year growth of 24 percent in 2018, worldwide semiconductor revenue is forecast to grow for the third consecutive year in 2019 to $450 billion, up 7.7 percent over 2018, according to a new Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC).
The SAF also forecasts that semiconductor revenues will log a compound annual growth rate (CAGR) of 2.9 percent from 2018 to 2022, reaching $482 billion in 2022. The automotive market will be one of the leading areas of the expected growth through to 2022, growing at a 9.6 percent CAGR from 2018, reaching USD 54.78 Billion by 2022. The growth of semiconductor content, on a per vehicle basis, will be driven by electrification, connectivity, infotainment, advanced driver assistance (ADAS) and autonomous driving features.
With strong industry forecasts, Automotive IQ presents the Semiconductors in the Age of Autonomous report, focusing on:
- Investment priorities
- Industry expert insights
- Chip development
- SoC for Automotive
- Thermal management
- Overall chip fabrication and production
- SiC power modules