Strategy AnalyTIcs Automotive Electronics Services (AES) released the latest research report "Automotive Electronics Semiconductor Demand Forecast: 2012-2021" predicts that the key theme of the automotive industry "greener, safer, better connectivity" will drive the growth of the automotive semiconductor market.
The next generation of in-vehicle technology further enhances emissions control and enhances safety performance, and global legislation continues to drive the development of this technology. Industry competition and consumer expectations are leading a higher level of in-vehicle connectivity to connected clouds and personal portable terminals. Therefore, the market demand for supporting semiconductor terminals is expected to grow at a compound annual growth rate of 5% over the next seven years, which will exceed $41 billion by 2021 compared to the total market value of $27.5 billion in 2013. Strategy AnalyTIcs analysis also shows that microcontrollers and power semiconductors will drive more than 40% of revenue demand, and by 2021 China's light vehicle production will drive 20% of regional demand.
Strategy AnalyTIcs Vice President of Global Automotive Practice Chris? Chris Webber said: "The ongoing research and development of the advanced electrification power system (ADAS) to further improve the traditional electrified power system and enhance safety will drive the market demand for the following products. Performance processors, additional memory, highly integrated mixed-signal integrated circuits, and sensor terminals including radars and cameras. Market growth opportunities will also provide wireless connectivity to semiconductors, enabling higher levels of automation for future vehicles, Meet the needs of consumers in the car for seamless portable terminal usage and content delivery."
Mark Fitzgerald, assistant director of global automotive practice, added: "The need for intelligent control and power drive in dozens of electronic control units, as well as the motor and solenoid valve brakes in a single car. Demand, which accounts for a high share of revenue from microcontrollers and power devices."
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