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NAND Flash market heads towards shortage, Phison CEO forecasts

The NAND Flash market is set for a significant shift, as Phison's CEO, Pua Khein-Seng, predicts a shortage in the coming year. This forecast emerges amid a backdrop of production reductions by major memory chip manufacturers and a revitalising end market, leading to a...

U.S. Government invests $3B to boost semi packaging tech

In a strategic move to bolster its position in the semiconductor industry, the U.S. Government has committed $3 billion to advance its leadership in semiconductor packaging technologies, reports The Register. This investment, part of the CHIPS for America funding,...

Uncertainty looms over German chip fab funding for Intel and TSMC

Germany's ambitious plans to become a hub for semiconductor manufacturing, involving major players like Intel and TSMC, have hit a significant roadblock following a recent ruling by the country’s Federal Constitutional Court, reports The Register. The court deemed the...

Semiconductor industry forecast: surging towards sustainable growth

In an electrifying turn of events, the semiconductor industry is poised for a robust recovery, as forecasted by the International Data Corporation (IDC). The sector, crucial to the global electronics industry, is set to witness a 20.2% growth in 2024, escalating the...

Alarming increase in automotive electronics market

Mar 27, 2020
assembly line

The global automotive electronics market size is estimated to reach $382.16 billion by 2026, says a new report.

Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market, says the Allied Market Research’s new report.

  • Electronics in heavy commercial vehicle is on the rise due to increase in demand for in-vehicle safety.
  • Infotainment electronics is increasing due to surge in adoption of multimedia features in cars.

In addition, the advancements in electronic components such as microcontrollers, sensors, and others, fuels the market growth.

The passenger car segment was the highest contributor to the automotive electronics market growth in 2019, whereas, HCV experienced fastest growth with a CAGR of 9.0% during the forecast period.

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