© ra2studio Analysis | December 08, 2015

Automotive IC market to display strongest growth through 2019

IC Insights finds that from 2014 through 2019, the automotive IC market is forecast to increase at an average annual growth rate of 6.7 percent.
This is the highest among the six major end-use IC applications (computer, consumer, communications, automotive, industrial/medical, and government/military), and greater than two points more than the 4.3 percent CAGR forecast for the total IC industry over this same time period.

The strong CAGR for automotive ICs is partly due to the fact that this market is growing from a smaller base compared to the communications, computer, and consumer segments and partly because a steady and significant increase in IC content is expected onboard all new cars—luxury level to base models—throughout the forecast period.

Systems that provide partial or high automation and that may eventually lead to fully autonomous vehicles are boosting total IC content per automobile. The computation load of next-generation advanced driver assistance systems (ADAS) jumps very quickly with every attempt to widen the sensing range, boost detection precision, and execute more powerful algorithms to respond quickly and effectively to many different driving conditions.

In 2015, IC Insights estimates that automotive IC sales will represent 7.3 percent of the total USD 287.1 billion IC market. Yet, despite growing at a faster annual rate than other end-use segments, automotive IC sales are not forecast to account for much more of the total IC market than they do today. The automotive IC market is forecast to represent 8.1 percent of the total USD 358.7 billion IC market in 2019. Falling average selling prices continue to offset steady unit growth—particularly among automotive analog, MCU, and special purpose logic devices—which has mitigated bigger gains in auto’s share of the total IC market.

More can be found at © IC Insights.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
July 18 2018 5:55 pm V10.0.0-2