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iSuppli: ST is top automotive IC supplier in China

Posted: 20 Apr 2007 ?? ?Print Version ?Bookmark and Share

Keywords:automotive semiconductor market? automotive entertainment? automotive electronic systems?

iSuppli Corp.'s 2006 report on China's automotive semiconductor market found that STMicroelectronics Inc. (ST) ranked first in the supplier listing, capturing a 15.7 percent share of the market.

China's automotive electronic systems are developing rapidly and iSuppli predicts their production to double, reaching $18.4 billion in 2011. During the same period, the automotive semiconductors that supply these systems are also forecast to nearly double their 2006 volume to reach $2.8 billion in 2011.

The greatest increase in volume in 2006 was driven by the automotive entertainment (video and audio) sector. The research firm expects that the cumulative total addressable market (TAM) between 2006-2011 for automotive entertainment systems will reach $7.38 billion, while the cumulative TAM for other electronic systems will reach $5.87 billion.

"Entertainment semiconductors have been driving most of China's automotive semiconductor revenues for the past five years, while Power Train and Body applications are expected to see similar growth in the coming years," said Bruce Liu, ST director of Greater China's automotive segment . "ST is committed to maintain its strong position in all major applications from power train, car body, and safety to entertainment and digital broadcasting. Leveraging its strength in automotive electronics has made ST successful in this fast-growing market segment in China."

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