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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