executive director of global light-vehicle production Mark Fulthorpe said. “We are now in a position where the auto industry has adapted to a constrained supply, and as a result is much less likely to be hit by significant disruption. With the current semiconductor supply levels, we estimate that 22 million units of global light-vehicle production per quarter could be supported.”
The study warns that demand still exceeds supply for several types of semiconductors and that while demand for chips from consumer electronics has dropped, the number of chips needed by modern-day light-duty vehicles continues to increase.Prior to the COVID-19 pandemic and the semiconductor shortage, S&P Global Mobility had predicted that global sales andof light-duty vehicles could exceed 100 million units annually as early as 2022 having peaked at 94.1 million in 2018.