it was very strange, at the time of economic recession huge growth in high-end expensive car which effected growth at automotive electronics. Yet the real dragging effect was asian market where we saw huge leaps. China will be leading factor at automotive production/sales during following decade.
On the other hand we started to see lots of electical cars imminent, which means lots of semiconductor devices to be used. So i disagree with above assumption. %4 percent is real humble number. If petrol prices goes up more with current trend then for sure, electrical cars will be on focus more. We can easily talk about growth levels of %6 even %8 percent if recession effects would be overcome swiftly at EU&US