The automotive semiconductor crisis and the way forward

COVID-19 shutdowns led to fluctuating demands, ‘bullwhip’ effect

By Arnab Banerjee and John Moore

The semiconductor market is currently worth $440 billion and growing at an average annual pace of 4% to 7%. The automotive semiconductor sector is close to $40 billion, approximately 10% of the overall semiconductor market, and anticipated to grow around 16% to 17% annually. This growth is universal for internal combustion engines, electric and hybrid vehicles. Within the next few years, semiconductors and electronic subassemblies will be one of the key technology components enabling connected and autonomous cars.

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