Automotive, IoT Leap Ahead in Chip Growth

Automotive, IoT Leap Ahead in Chip Growth

by Chip sales for automotive systems and the internet of things (IoT) will grow 70 percent faster than total IC revenues between 2016 and 2021, according to IC Insights’ 2018 Integrated Circuit Market Drivers Report. IC sales for automobiles and other vehicles are forecast to grow from $22.9 billion in 2016 to $42.9 billion in 2021, while revenues for IoT functionality will grow from $18.4 billion in 2016 to $34.2 billion in 2021. The electronics content in vehicles continue to rise thanks in part to new technologies and advanced functionality particularly for safety systems. IC Insights forecasts automotive IC […]