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| Viewpoint | ||
January 2, 2019
VIEWPOINT 2019: Judy Davies, VP of Global Marketing Communications, Advantest
Growth in this market is revving up with semiconductor applications in automotive electronics projected to be one of the fastest growing segments for the IC business. The automotive semiconductor market has logged double-digit growth each year since 2016. After reaching a record-high $27.2 billion in revenue in 2017, this sector is projected to hit a new all-time high of $32.3 billion for 2018 and continue surging to $43.6 billion in 2021, according to IC Insights. That;s an impressive CAGR of 12.5 percent from 2017 to 2021. This accelerating demand for automotive ICs is driving the need for more wafer-fab capacity and new test and assembly facilities. Semiconductors for highly reliable sensors, instantaneous communications and secure data-management systems are required throughout the advanced driver-assistance systems (ADAS) that put the (artificial) intelligence in smart cars. We've come a long way from the first appearances of electronic ignitions and audio components to today's on-board, connected electronic systems. The fast pace of semiconductor-enabled vehicles is sure to increase in the year ahead. Judy Davies, Vice President of Global Marketing Communications, Advantest http://www.advantest.com |
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