The automotive industry is a rapidly growing and evolving field. From the first internal combustion engine to hybrid and battery-powered vehicles, the industry has seen a huge shift in size. Today’s cars are smarter than ever before, and automotive semiconductors support features such as vehicle tracking systems, automatic lane assist systems, and more. Credit for previous Perspective advancement goes to the intelligent electronic systems that sit under the hood of these vehicles.
The global semiconductor market is estimated to be worth $618 billion in 2022 and is expected to grow at an annual growth rate of around 7.3%. Of that 10%, the automotive market is worth $53 billion with an annual growth rate of 10.5%. The share of automotive semiconductors is relatively low due to the global chip shortage caused by the pandemic. In addition, the demand for semiconductors in the automotive industry is relatively low compared to consumer electronics, so carmakers had to wait in long queues after the pandemic when demand surged.
This article is a summary of a talk by Agnes Jahnke, Product Marketing Manager SiC & GaN, X-FAB. He presents the audience with a foundry perspective of the automotive semiconductor market around the world. X-FAB is an international semiconductor foundry serving the automotive, computing, consumer and communications industries.
Ms. Jahnke begins her speech by giving an overview of X-FAB and its development over the years. The automotive semiconductor industry has evolved over the years, but due to the pandemic, it has been unable to grow and have a larger share of the global semiconductor market for various reasons. Some of the main reasons identified in the conversation are the Covid pandemic, higher demand from consumer electronics manufacturers, longer lead times for automotive semiconductors, incidents and natural disasters