Global automotive semiconductor shortage 2021 - statistics & facts
A chip shortage marred the global economy through 2021, with supply issues set to continue well into 2022. A surge in demand, driven by digital transformation and accelerated by the pandemic, will see the global semiconductor industry surpass 600 billion U.S. dollars in 2022. The automotive industry in particular has seen demand for chips grow considerably over the years, fueled by the increasing level of semiconductor content in modern-day vehicles—a trend that is set to continue into the foreseeable future.
