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Automotive Systems Forecast to Show Strongest Growth Through 2020, IC Insights Says

Published: Nov 03,2016

According to the IC Insights, the market for automotive electronic systems is expected to display the strongest cumulative average growth rate (CAGR) through 2020, at 4.9%, highest among the six main electronic system categories.

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IC Insights noted that safety and convenience systems are essential features that consumers look for and want in their new car. Automatic emergency braking, lane departure/blind spot detection systems, and backup cameras are among the most desired systems. For semiconductor suppliers, this is good news as analog ICs, MCUs, and a great number of sensors will be required for these and other automotive systems throughout the forecast.

Although the automotive segment is forecast to be the fastest growing electronic system market through 2020, its share of the total IC market was only 7.9% in 2016 and is forecast to remain less than 10% throughout the forecast period.

As for the consumer market, the consumer electronics system market is forecast to display 2.8% CAGR through 2020. The logic segment is forecast to be the largest consumer IC market throughout the forecast. In total, the consumer IC market is expected to register a 2.3% CAGR through this same time period.

In addition, hit by slowing demand for personal computing devices (desktops, notebooks, tablets), the market for computer systems is forecast to show the weakest growth through 2020. The total computer IC market is forecast to decline 2% in 2016 following a 3% drop in 2015. Asia-Pacific is forecast to hold a 66% share of the computer IC market in 2016 and a 71% share in 2020.

Besides, industrial/Medical/Other electronic systems are forecast to enjoy the second-fastest growth rate (4.3%) through 2020 as wearable health devices, home health diagnostics, robotics, and systems promoting the Internet of Things help drive growth in this segment. Analog ICs are forecast to hold 49% of the industrial/medical/other IC market in 2016.

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