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Bus Compressor Market to Expand at CAGR of 3.84% | 2021-31 - TMR The automotive industry is anticipated to return to its normalcy by the financial year of 2022 after the disruptions caused by the COVID-19 crisis. In a survey conducted by the Economist Intelligence Unit, the automotive sector has been affected due to a shortage of semiconductors, which led to several automakers to cut down production. This chip shortage is a result of the unprecedented demand for personal computers, laptops, and other mobile devices during the pandemic. Nevertheless, manufacturers are focusing on essential applications related to air conditioning and air brakes in buses.
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