The data displays the compound annual growth rate (CAGR) of the main semiconductor target markets from 2016 to 2021. The automotive semiconductor market is forecast to grow at a CAGR of 8.2% between 2016 and 2021. Applications for automotive semiconductors include in radar chips, advanced driver assistance systems, hybrid and electric vehicle systems, in-vehicle networking, LED lighting, as well as fuel economy, emissions reduction, and general body and interior elements. Semiconductors used outside of the consumer market must often adhere to higher standards of regulation and robustness.
