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Increasing gas prices drive automotive IC sales

Posted: 26 Jul 2012 ?? ?Print Version ?Bookmark and Share

Keywords:gas prices? automotive ICs? hybrid-electric vehicles?

According to IC Insights Inc., the automatic IC market is set to grow by eight percent in 2012, reaching an annual value of $19.6 billion

The firm stated that during the 2008 crash, automobile makers were forced to shift production toward electric and hybrid electric vehicles and increased the prevalence of green initiatives. It added that the price of gasoline in the U.S., which topped at $4 per gallon, prompted many to replace older cars with newer fuel efficient models.

IC insights predicts that this is a long-term trend and it also forecasts the annual market to be worth $27.3 billion in 2015, representing an average annual growth of 11 percent over the period 2011 to 2015.

Automotive IC market

Figure 1: 2009-2015 Automotive IC Market
Source: IC Insights

At the same time the average semiconductor content per vehicle is forecast to rise to $380 in 2012, up 9 percent from $350 per vehicle in 2011. Over the period 2009 to 2015 the chip content per vehicle is expected to increase 11 percent annually to reach $495 per vehicle in 2015.

Although hybrid-electric and electric vehicles (HEVs and EVs) currently account for less than 2 percent of total new vehicle shipments in the U.S. and around the world, the semiconductor content per vehicle is much greater in these vehicles. IC Insights forecasts that in 2015, full electric vehicles will contain double the semiconductor content compared to a standard car.

- Peter Clarke
?? EE Times U.S.

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