Semiconductor shortages remain a major headache for automakers, but supplies are improving. Wards Intelligence partner LMC Automotive estimates global light-vehicle production losses directly related to the chip shortage will decline to 3.8 million units in 2022 from 9.1 million in 2021. The shortage is easing in all regions, with China and the rest of the Asia-Pacific region expected to see the most improvement, while Europe and North America will have a much rougher time with supply. Though improving, LMC warns that potential new waves of the pandemic, as well as geo-political tensions - such as in Ukraine - could lead to further destabilization of the chip supply (not to mention ongoing challenges with labor shortages, logistics disruptions, rising costs and material availability).
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Still a Problem but Global Production Losses From Chip Shortage Are Falling
The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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