AutoTechInsight
Automotive Semiconductor Market Tracker - May 2020 Report
IHS Markit foresees the market shrinking back to 2016 level in 2020 with sales worth $33.3 billion. This is a $9.4 billion reset compared to the pre-COVID situation when the market was forecast to grow from $41.2 billion in 2019 to $42.7 billion in 2020.
COVID-19 is hitting the automotive semiconductor industry hard like the rest of the supply chain
IHS Markit foresees the market shrinking back to 2016 level in 2020 with sales worth $33.3 billion. This is a $9.4 billion reset compared to the pre-COVID situation when the market was forecast to grow from $41.2 billion in 2019 to $42.7 billion in 2020.
