Automotive Chip Shortage 2024 Fixed. Chips are used in everything from cellphones to computers, cars to sensors controlling critical infrastructure like dams and water systems. A chip shortage marred the global economy through 2021, with supply issues set to continue well into 2022.
According to the latest automotive report, semiconductor trends in automotive, the market research and strategy consulting company expects the market to exhibit strong growth. Interest rates are still a problem, though more.