IDC Reveals Automotive Semiconductor Market Outlook and Discusses Technological Advancements – I-Connect007
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A recent IDC report, Worldwide Automotive Semiconductor Market Forecast, 2024 categorizes automotive chips into distinct segments: analog chips, logic chips, microprocessors, memory chips, discrete devices, optoelectronic devices, and sensors. The rapid penetration of use cases is driving the expansion of these chip categories. Automotive chips are progressing towards high performance, high integration, and high reliability to meet the escalating complexity and technical requirements of the automotive sector, with ongoing technological innovations poised to expedite this evolution.
"The automotive semiconductor market is currently undergoing a pivotal phase of rapid advancement and transformation, witnessing a surge in demand across all automotive semiconductor types. Concurrently, various semiconductor technologies are displaying a high level of innovation and integration in response to the requirements of emerging applications such as autonomous driving, smart cockpits, and intelligent networking," said Adela Guo, research director, IDC Asia/Pacific.
IDC predicts that by 2027, the semiconductor market will see significant growth. Logic chips, memory chips, microprocessors, analog chips, optoelectronic devices, discrete devices, and sensors will collectively drive substantial revenue increases, fueled by advancements in autonomous driving, ADAS, and vehicle functionalities: