Chips Growth in 2022 to Be ‘Especially Strong’ in Automotive: F&S Report

Global revenue in the semiconductor devices market will likely reach $620 billion by the end of 2022, up 11.5% from 2021, reported Frost & Sullivan Monday. Several drivers will accelerate growth in “all verticals,” including the increased deployment of 5G, rising adoption of 5G smartphones, increasing electronics content in automotive, migration to electric vehicles and the proliferation of IoT devices in smart homes, it said. Growth will be “especially strong” in the automotive sector, said analyst Prabhu Karunakaran.