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Automotive IC market to hit $19.33B this year

Posted: 09 Jul 2010 ?? ?Print Version ?Bookmark and Share

Keywords:automotive semiconductor? automotive market? electric vehicle?

The automotive semiconductor market is expected to grow 23.5 percent in 2010 to $19.334 billion, after declining 21.7 percent in 2009 to $15.661 billion, according to Gartner.

After a poor Q1 09 automotive semiconductor revenue has demonstrated four consecutive quarters of growth. Inventories have remained stable in Q1 10, after the depletion that started at the end of 2008, Gartner said.

Overall, growth in the automotive semiconductor market is linked to growth in light-vehicle production, and this is forecast to grow 13.5 percent in 2010 to 67 million units, after a decline of 11.8 percent in 2009.

The worst aspects of the recessionary downturn were avoided by government-funded scrapage schemes and as many of those came to an end there was also sales boost and this momentum meant that Q1 10 saw q-on-q growth of 6.5 percent, making it the fourth quarter in a row of positive growth.

Infineon Technologies remained the leading supplier of automotive semiconductors during Q1 10, with associated revenue of $460.7 million. It was followed by NEC Electronics and Freescale Semiconductor, in second and third place, with revenue of $405 million and $394 million, respectively.

The most-significant impact of this recession was a change in the vehicle mix, with sales of smaller cars benefiting from the different incentives, and a change in the regional mix, with China accounting for more than 20 percent of global production in 2009.

- Peter Clarke
EE Times

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