Automotive & Autonomous
Industry Outlook
By 2023, worldwide net additions of vehicles equipped with hardware that could enable autonomous driving without human supervision will reach 745,705 units, up from 137,129 units in 2018, according to Gartner1. Software updates could enable even higher levels of vehicle autonomy in coming years.
The demand for the engineering and design around sensors, vision systems, communications, components, and the additional tech needed to advance automotive technologies to autonomous levels is real and comes on an already high demand IC market, with IC Insights forecasting automotive ICs to register the strongest 2019-2024 end-use segment CAGR2.
