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The automotive IC market share is expected to rise to 10% by 2026

Time:2022-10-07   Views:

According to IC's latest report, the automotive IC market share has grown steadily since 1998, from 4.7% of total IC sales that year to 7.4% in 2021.ADS1110A0IDBVR

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Noting that the market share in the automotive segment is expected to continue to grow, reaching 8.5% this year and 9.9% in 2026. ADS1110A0IDBVR


The driving force behind this growth is the large number of new sensors, analogs, controllers and optoelectronics being integrated into most new vehicles. In addition, rising global sales of hybrid and fully electric vehicles also add to this forecast growth.


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