Sustained demand coupled with price rises translated to the automotive semiconductor market showing a strong upwards trajectory in 2021, growing by 11.9% year-on-year.

With vehicle production assumed to normalize in 2022, and a strong push towards electrification driving production and associated demand, Strategy Analytics forecasts CAAGR (Compounded Average Annual Growth Rate) for automotive semiconductor dollar demand, including sensors, over 2020 to 2025 to be +17.5%.