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Automotive, industrial sectors lead chip market growth

Automotive, industrial sectors lead chip market growth

Source:our siteTime:2023-04-03Views:

The automotive and industrial sectors will see the strongest growth in demand for semiconductors in the decade between 2021 and 2030, according to the contents of a recent SIA report.

April 3, 2023 - The automotive and industrial sectors will see the strongest growth in demand for semiconductors in the decade between 2021 and 2030, according to the contents of a recent SIA report.


In terms of the end use of semiconductors, the PC/computer and communications end-use markets generally account for around two-thirds of total sales, with the automotive, industrial and consumer electronics sectors accounting for the remainder. However, in the 2022 semiconductor end-use survey, the end markets change significantly in terms of sales in 2022.


The table below shows the change in market share.

QQ图片20230403113158.png

While the PC/computer and communications end-use markets still account for the largest share of semiconductor sales in 2022, the lead has narrowed. Meanwhile, automotive and industrial applications achieve the largest growth for the year.


According to McKinsey's analysis, the automotive and industrial sectors will account for an average of 14% and 12% growth in chip sales, respectively, by 2030, driving this decade's demand growth, illustrating the growing demand for chips in these industries.


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