According to the latest report released today by IC Insights, the market share of communication ICs once again exceeds the market share of computer ICs. Although the automotive IC market is the fastest growing in the future, it will only account for 10% of the market in 2023.
According to the report, in the past 20 years, the market share of the communications IC market has almost doubled, from 18.5% in 1998 to 36.4% in 2018.
In 2013, the communication IC market surpassed the computer IC market and became the largest integrated circuit terminal market. However, due to the booming memory market, the computer market regained its first position in 2017 and 2018. However, with the slump in the memory market this year, the communications IC market is expected to surpass the computer IC market again this year and maintain this status until 2023.
As shown in the figure, the automotive IC market share has grown steadily since 1998, from 4.7% in the year to 8.0% in 2018. In addition, the automotive IC market is expected to achieve a compound annual growth rate of 9.2% between 2018 and 2023. However, due to the small size of the automotive market, the high growth of the automotive IC market is not expected to significantly increase the growth rate of the entire integrated circuit industry in the next five years.
In contrast, the market share of the computer and consumer IC markets has declined over the past 20 years. The share of the computer IC market in the entire integrated circuit market has fallen by 19% since 1998 and only 36.6% by 2018. However, the strong demand for servers in the Internet of Things will inject new vitality into the computer IC market and slow down the rate of decline in market share.
In addition, the share of industrial and other applications in the entire integrated circuit market has steadily declined from 1998 to 2013. But with the rapid growth of industrial automation around the world, the market share is expected to increase from 6.5% in 2013 to 8.7% in 2023.