Sales of international combustion engine autos and electric vehicles will resume positive growth in 2021.
Although not the largest end-market for semiconductors, automotive has been one of the fastest growing. There are several reasons:
- The increase in unit sales of autos as more safety and convenience features are added to a car
- The increase in semiconductor content with each model of autos
- The increase in semiconductor content in moving from conventional to EVs
- The increase in semiconductor content with Advanced Driver Assistance Systems (ADAS)
That was the thinking until early 2019 when the world economies were negatively impacted by the U.S.-China Trade issues, bringing many Asian and European countries to the brink of recession. The other shoe fell in 2020 with COVID-19. As a result, unit sales of conventional autos dropped and EV sales tumbled in China and the U.S. The COVID-19 pandemic also increased headwinds for ADAS. Most new