After a 3% drop in 2020, the automotive IC market is forecast to surge more than 25% in 2021.
In this month’s June Update to The McClean Report, IC Insights will present its forecast for IC usage by major product type and end-use application (i.e., computer, communications, consumer, automotive, industrial, and government/military) through 2025.
Figure 1 shows that since 1998, only the automotive and communications end-use segments have gained marketshare. Driven by the global explosion of smartphone demand, the communications market almost doubled its share of the IC market from 18.5% in 1998 to 35.0% in 2020.
Figure 1
