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Gartner predicts Rs.90 crore auto IC market

Posted: 09 Jul 2010     Print Version  Bookmark and Share

Keywords:automotive semiconductor  automotive market  electric vehicle 

Gartner expects the automotive semiconductor market to grow by 23.5 per cent in 2010 to Rs.90,286.24 crore ($19.334 billion), after declining by 21.7 per cent in 2009 to Rs.73,134 crore ($15.661 billion).

After a poor Q1 09 automotive semiconductor revenue has demonstrated four consecutive quarters of growth. Inventories have remained stable in Q1 10, 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 per cent in 2010 to 6.70 crore units, after a decline of 11.8 per cent 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 Q1 10 saw q-on-q growth of 6.5 per cent, making it the fourth quarter in a row of positive growth.

Infineon Technologies remained the leading supplier of automotive semiconductors during Q1 10, with associated revenue of Rs.2,151.38 crore ($460.7 million). It was followed by NEC Electronics and Freescale Semiconductor, in second and third place, with revenue of Rs.1,891.28 crore ($405 million) and Rs.1,839.91 crore ($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 per cent of global production in 2009.

- Peter Clarke
EE Times

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