The latest report of market research institution IC Insights estimates that the automotive electronic systems market (automotive electronic systems) can achieve a compound annual growth rate (CAGR) of 4.9% between now and 2020, in the six major electronic system categories (as follows: Figure) shows the best performance.
Among various automotive electronic systems, safety and convenience systems are features that consumers are looking for and hope their new cars are equipped with; including automatic emergency braking systems, lane departure/blind spot detection systems, and reversing cameras Etc. is the system that consumers want most. This is good news for semiconductor suppliers, because such automotive systems will require a variety of analog ICs, microcontrollers (MCUs), and sensors.
The key trends in other electronic systems and IC markets in the IC Insights report also include
Although the automotive field is expected to be the fastest-growing electronic system market by 2020, the proportion of the overall IC market in 2016 is estimated to be only 7.9%, and this proportion will not exceed 10% during the forecast period.
Industrial/medical/other electronic systems are expected to be the second fastest-growing category market (CAGR forecast is 4.3%), including wearable medical devices, home health diagnostic equipment, robots, and Internet of Things (IoT) systems, etc.
Promoting the growth of the market; analog ICs will account for 49% of the revenue of this type of application chip market in 2016.
Communications became the second largest IC terminal application market in 2013, surpassing PC chips; the Asia-Pacific region is predicted to contribute 67% of the overall communications IC market in 2016, and this proportion will reach 70% by 2020.
The consumer electronic system market is estimated to achieve a CAGR of 2.8% by 2020, and logic chips will be the chip with the largest proportion of the consumer IC market during the forecast period; the overall consumer IC market is expected to have a CAGR of 2.3 by 2020 %.
The global government/military IC market is expected to reach 2.5 billion U.S. dollars in 2016, but it only occupies the overall IC market (approximately 290 billion U.S. dollars); the US market is the largest military IC market, accounting for 63% of the overall military IC market in 2016 .
Affected by the decline in demand for personal computing devices (desktop PCs, notebook computers, and tablet computers), computer systems are expected to be the weakest market category by 2020; the overall computer IC market is expected to In 2016, after a 3% decline in 2015, it declined again by 2%. The Asia-Pacific region is the largest market for computer ICs, accounting for 66% of the market in 2016, and the proportion can reach 71% in 2020.
