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Automotive chip market set to grow 23.5% in 2010, says Gartner
After a poor 1Q09 automotive semiconductor revenue has demonstrated four consecutive quarters of growth. Inventories have remained stable in 1Q10, 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 1Q10 saw quarter-over-quarter 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 1Q10, 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. Related links and articles:
Autoelectronics market to reach $210 billion in 2014, says analyst NXP tops automotive infotainment chip ranking, says iSuppli Bosch opens billion-dollar wafer fab
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