KPMG said that by 2040, the scale of the automotive chip industry will reach 250 billion US dollars
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Update time : 2022-08-19 12:04:23
A report by consulting firm KPMG titled "Automotive Semiconductors - Accelerating into the New ICE Era" concludes that the automotive semiconductor market will reach $250 billion by 2040, all based on electric and luxury vehicles. Rapid development. The KPMG study follows a 2019 analysis that estimated the industry would reach $200 billion by 2040. It predicts that the "in-house computing engine" will become the "heart" of the auto industry, which will also become more reliant on semiconductors.
Much of the growth will be attributable to the mass adoption of electric and hy brid powertrains, the report concluded. Sales of electric and hy brid vehicles are expected to rise over the next decade, a trend that many automakers, including General Motors and Ford Motor Co., have pinned much of their manufacturing on. And such vehicles require far more semiconductor components than mainstream internal combustion engine vehicles. Gary Silberg, global head of automotive at KPMG, predicts that by 2030, self-driving cars will be available in major cities around the world. "By 2030, if things go as usual, you may see most of us have self-driving cars," Silberg said. "So I think it's an inevitable trend as well, and semiconductor chipset developments in this area will also be exciting. Silberg also said he believes the safety systems that come with autonomous software and electric powertrains in general can also drive that. Evolution of the semiconductor industry. "No one is going to buy a car, and if it doesn't save your life in a car accident in the future, even if it's a driverless car, you won't notice it," Silberg said. This is chip, software, chip, chip, chip. "Despite people talking about the size of the industry booming, the threat of a recession still seems looming. But Silberg said such an event would not affect the semiconductor industry in the long run. "If we were in a recession, Chip sales are likely to decline. But it's short-term," Silberg said. "Once our economy picks up, the chip wave will continue. This doesn't seem like a flash in the pan. "
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