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Analyst: Auto electronics poised for growth till 2013

Posted: 03 Mar 2008 ?? ?Print Version ?Bookmark and Share

Keywords:automotive electronics? market forecast? Electronics.ca Publications?

The automotive electronics market is forecasted to grow at an annual rate of 9 percent for a total of $173.7 billion by 2013, according to the report titled "2008 Automotive Semiconductors" from research network and publishing company Electronics.ca Publications.

Estimated sales for 2008 are at $114.5 billion. Growth in driver assistance, car safety systems, and entertainment is expected to be particularly strong, while the consumer retail, powertrain, and body electronics segments are forecasted for slower growth.

Forecast by segment
Consumer retail application is expected to continue to hold the highest market share; however, its market share is expected to decrease substantially: from 27.8 percent in 2007 to 21.0 percent in 2013. Car safety systems and entertainment applications also hold large shares of the market, and are expected to gain more market share. Body electronics currently holds over 15 percent of the automotive electronics market, and is expected to grow at a CAGR of 7 percent.

With 2007 revenue of $13.4 billion, and expected 2013 revenue of $32.9 billion, driver assistance is expected to be the fastest-growing segment. This includes applications aimed at increasing safety such as electronically-controlled steering and suspension. Major players in this segment include Dana Corp., Magna International Inc. and Tenneco Inc.

The powertrain segment, which includes hybrid and alternative fueling technology, is the smallest segment in terms of revenue and second smallest in 2008-2013 CAGR; however, this segment is quite interesting as it has much room for growth. As automakers try to reduce dependence upon the gasoline engine, and as the technology develops, the sales of hybrid and other alternative energy vehicles are expected to increase.

The clear leader in hybrid car manufacturing is Toyota Motor Corp., while Honda Motor Co. Ltd is making a strong push to take some of Toyota's share. In the United States, General Motors Corp. has the broadest portfolio in the hybrid market, although it is far behind the competition in terms of sales. As hybrid technologies are improved and manufacturing costs decrease, the powertrain segment should experience higher growth, as these technologies are more electronically dependent than traditional powertrain systems.




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