20 Aug 2021 -
 General

IC Insights: Automotive MCU sales to surge 23% in 2021

Despite some ongoing shortages of microcontrollers and automakers having to temporarily close assembly lines this year, automotive MCU sales are forecast to surge 23% in the economic recovery of 2021 to a record-high level of $7.6 billion, followed by strong increases of 14% in 2022 and 16% in 2023, reports IC Insights.

32-bit designs are expected to generate almost 77% of automotive microcontroller revenues this year, followed by 18% from 16-bit and 6% from 8-bit, says the report.

“Despite some setbacks in the first half of 2021—such as wafer fabs being shut down by massive power outages in Texas during a historic arctic cold wave in February and heavy damage by fire to a few wafer processing plants in Japan, IC makers say they are ramping up automotive MCU production.  

“For instance, foundry giant Taiwan Semiconductor Manufacturing Company (TSMC) said in July 2021 that it was on pace to increase its 3Q21 wafer fab capacity by 60% for automotive microcontrollers compared to production outputs a year earlier and 30% higher than pre-pandemic levels.”

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

Related News

22 Jul 2024 - Industrial

Global Semiconductor Market Soaring, Projected to Surpass $1 Trillion by 2030

Read more

18 Jul 2024 - General

New N-Channel GaN FETs from Central Semiconductor

Read more

18 Jul 2024 - General

New Study Unveils Significant Value of Authorised Electronics Distributors

Read more

16 Jul 2024 - Defence

Astute Group Strengthens Embedded Computing Portfolio with AiTech Systems Distribution Deal

Read more

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more