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Automotive Semiconductor Market Tracker - May 2020 Report

Automotive Semiconductor Market Tracker - May 2020 Report

Publication Date: 25/05/2020

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.

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