Semiconductor Automotive Applications Market Expected to Hold Considerable Opportunities for Years to Come
The year 2011 marked a major success for the global auto industry. Thanks to an ever increasing focus on improving gas efficiency and new generations of safety and infotainment systems, this market is expected to hold considerable opportunities for semiconductor suppliers in the years to come.
- (1888PressRelease) February 16, 2012 - ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Semiconductors in Automotive Applications".
The year 2011 marked a major success for the global auto industry. Thanks to an ever increasing focus on improving gas efficiency and new generations of safety and infotainment systems, this market is expected to hold considerable opportunities for semiconductor suppliers in the years to come.
Starting in the first half of the year, most major automotive markets around the world began to show signs of stabilization and recovery, allowing for carmakers profits to recover. Then, in the second half of the year, sales quickly accelerated in areas like United States and China to the point where positive growth was attained for the entire industry for 2011 as a whole.
This expansion has come despite some major negative factors to occur in 2011. For one, the deepening debt crisis in Europe has damaged end demand in the EU region and has shaken consumer confidence in other regional markets. What's more, the crisis has impacted the availability of credit for both businesses and consumers alike.
Growth or declines in the automotive semiconductor markets is very closely tied to growth in light-vehicle production as a whole. As a result, the growth seen in the general auto market in 2011 carried over to the automotive semiconductor market as well.
Regionally, Europe remains the hub of automotive innovation, and as a result, is the single largest market for automotive semiconductor consumption. However, Asia Pacific is rapidly gaining ground in this space thanks to an emerging automotive industry and some of the fastest growing new car sales on Earth.
In terms of total automotive semiconductor sales, revenue is fairly well distributed between the four major regional markets. Asia Pacific, which includes China, South Korea, Taiwan, and others, is currently the second smallest market. However, this is also the fastest growing region, outpacing the market as a whole. If these trends hold, APAC will become the second largest region for automotive electronics by 2013. The Americas, meanwhile, will remain the single smallest region by revenue in the 2012 global market.
This study provides a comprehensive review and outlook for semiconductors consumed in the automotive industry. Forecasts are provided for vehicle production and semiconductor consumption by region, application, and product type. Market share is also given for the automotive semiconductor suppliers.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' website. View the report: http://www.electronics.ca/presscenter/articles/1682/1/Semiconductor-Automotive-Applications-Market-Expected-to-Hold-Considerable-Opportunities-for-Years-to-Come
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