Global Semiconductor Market for the Automotive Sector 2015-2019
About Automotive Semiconductors
Automobiles today comprise mechanical and electronic systems, and use microprocessors extensively. The evolution of semiconductor technology has enabled automobile manufacturers to optimize performance by multiplying the applications of a chip. Safety systems, driver assistance, powertrain control, communications, and infotainment systems use automotive electronics. ADAS and infotainment systems are witnessing the fastest growth among automotive applications. This is paving the path for next-generation automotive electronics, as they play an important role in not only differentiating vehicles, but also in enhancing the capabilities and performance of vehicles.
Technavio's analysts forecast the global semiconductor market for the automotive sector to grow at a CAGR of 9.7% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global semiconductor market for the automotive sector for the period 2015-2019. There are seven categories of automotive ICs in the market: powertrain control, comfort control, in-vehicle networking, chassis systems, infotainment systems, safety and control, and electronic systems.
Technavio Announces the Publication of its Research Report – Global Semiconductor Market for the Automotive Sector 2015-2019
Technavio recognizes the following companies as the key players in the global semiconductor market for the automotive sector: Freescale Semiconductors, Infineon Technologies, Renesas Electronics and STMicroelectronics
Other Prominent Vendors in the market are: Analog Devices, NXP Semiconductors, On Semiconductor, Robert Bosch, ROHM Semiconductor, Texas Instruments and Toshiba
Commenting on the report, an analyst from Technavio’s team said: “While automobile manufacturers and suppliers are still suffering the effects of the economic downturn of 2009-2012, the global trend to reduce greenhouse emissions continues to gain importance. By 2020, Europe and the US plan to reduce carbon dioxide emissions caused by road traffic by roughly 30 percent. Targets like this cannot be achieved only by using hybrid or electric vehicles; internal combustion engines must also become more fuel efficient. Semiconductors used in applications such as powertrain controllers and power modules can improve the efficiency and performance of internal combustion engines.”
According to the report, offering comfort and convenience to passengers is a priority for automobile manufacturers and semiconductor suppliers as they need to differentiate their products in a highly competitive market. Increased demand for communication and entertainment systems is driving the market. Features such as lighting and temperature are controlled electronically. Infotainment and entertainment systems are becoming more sophisticated with increased connectivity in vehicles.
Further, the report states that modern vehicles are often connected to each other and to other devices through various communication networks, which makes the connected devices and their controls vulnerable to hackers.
Freescale Semiconductors, Infineon Technologies, Renesas Electronics, STMicroelectronics, Analog Devices, NXP Semiconductors, On Semiconductor, Robert Bosch, ROHM Semiconductor, Texas Instruments, Toshiba
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