Consumer demand and government mandates for electronic systems that improve vehicle performance, that add comfort and convenience, and that warn, detect, and take corrective measures to keep drivers safe and alert are being added to new cars each year. This system growth, along with rising prices for memory components within them, are expected to raise the automotive IC market 18.5% this year to a new record high of $32.3 billion, surpassing the previous record of $27.2 billion set last year (Figure 1), according to IC Insights’ soon to be released Update to the 2018 IC Market Drivers report. If the forecast holds, it would mark the third consecutive year of double-digit growth for the automotive IC market.
IC Market Drivers 2018—A Study of Key System Applications Fueling Demand for Integrated Circuits examines several of the largest existing and potential new applications that are expected to help fuel the market for ICs through 2021.
IC Market Drivers is divided into two parts. Part 1 provides a detailed forecast of the IC industry by system type, by region, and by IC product type through 2021. In Part 2, the IC Market Drivers report examines and evaluates key existing and emerging end-use applications that will support and propel the IC industry through 2021, including the automotive market, smartphones, Internet of Things, personal computing (desktop, notebooks, tablets), and servers and cloud computing. The 2018 IC Market Drivers report is priced at $3,690 for an individual-user license and $6,790 for a multi-user corporate license.