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TAP TIMES -29- NOVEMBER 2022

Automotive chips share may expected this year and 9.9% share by the

rise 10% by 2026: IC Insights year 2026.

New sensors
SCOTTSDALE, Arizona — IC Insights
3Q Update to the McClean Report At the heart of this growth are the myriad
notes the automotive IC marketshare number of new sensors, analog devices,
has steadily increased since 1998 controllers, and optoelectronics being in-
growing from 4.7% of total IC sales corporated into most new vehicles.
that year to 7.4% in 2021.
Moreover, the rise of hybrid and all-electric
Marketshare gains vehicle sales worldwide is adding to this
Marketshare gains are forecast to continue forecast growth. In a report released by
for the auto segment, with an 8.5% share Automotive News, a sharp increase in e-
lectric-vehicle sales
in the first three
months of 2022
raised the EV share
of new car sales in
the U.S. to approxi-
mately 5%.

Of the approximate-
ly 250 million cars
and light-duty trucks
in the U.S., it is
estimated that only
1% are electric, but
interest and sales
continue to grow.

Strongest CAGR
These factors are
expected to result in the
automotive market register-
ing the strongest 2021-2026
CAGR of any of the major
end-use segments at 13.4%.

Given its relatively small size,
however, the high growth in
the automotive IC segment
is not expected to be enough
to lift the growth rate of the
total IC industry significantly
in the next five years.
icinsights.com