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Automotive IC market enjoys growth in China

Posted: 30 Jul 2015 ?? ?Print Version ?Bookmark and Share

Keywords:automotive? green energy? IC?

China's automotive chip revenue is set to grow 11 per cent this year to $6.2 billion, according to market research firm IHS Inc.

While the growth rate for vehicle shipments in China has slowed in recent years, the market still requires an increasing number of higher performing chips to power automotive applications such as powertrains, infotainment and body-convenience systems, IHS said.

"There is increasing auto industry focus on power efficiency and green energy, as well as the pursuit of greater safety and a better overall driving experience," said Alex Liu, semiconductors and components analyst for IHS, in a statement. "For that reason, more and higher performance semiconductors will be required in automotive applications, like direct injection systems in power engines, advanced driver assistance systems and safety applications."

Freescale Semiconductor Inc. was the leading automotive chip company in China in 2014, commanding 15.5 per cent of the market, according to IHS's latest report on the Chinese automotive semiconductor market. Freescale was followed by STMicroelectronics NV, which commanded 14 per cent of the market, and NXP Semiconductors NV, which held 12 per cent of the Chinese market, according to the report.

Freescale and NXP are set to merge later this year, barring any regulatory setbacks. The combined company would have held nearly 30 per cent of the automotive IC market in China last year, according to the IHS report. Both companies are strong in microcontrollers, which are widely used in automotive powertrains, automotive bodies, and safety and infotainment systems.

Automotive IC supplier rankings in the Chinese market differ from IHS's global automotive IC supplier rankings. Globally, the leading supplier of automotive ICs in 2014 was Japan's Renesas Electronics Corp., followed by Germany's Infineon Technologies AG, then STMicro, Freescale and NXP, according to a ranking published by IHS in March.


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