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On-board electronics drive automotive IC growth

Posted: 03 Mar 2011     Print Version  Bookmark and Share

Keywords:market report  automotive IC  on-board electronics 

IC Insights, in their IC Market Drivers report, predicts that the rapid motorisation of China and other emerging markets along with the recovery of the U.S. automotive market, coupled with growing demand for on-board electronics, will help propel the automotive IC market up 12 per cent in 2011, to Rs.78,889.81 crore ($17.2 billion). This follows a 45 per cent increase in automotive sales in 2010, which halted a two-year decline in automotive IC market.

According to the report, global shipments of new cars are expected to rise almost 5 per cent in 2011 to 5.58 crore units. The U.S. auto market is emerging from recession. Meanwhile, China outpace new car shipments in the U.S. by 50 per cent in 2010 and is expected to continue to do so until 2015.

Growth drivers for ICs include active safety and telematics systems, communications and entertainment convergence, and green initiatives such as energy savings and reduced emissions.

In safety and telematics, systems such as self-parking, active cruise control, lane departure warning systems, and electronic stability control (ESC) have been widely implemented in Japan and Europe. An ESC system consists of a gyroscope, an accelerometer, and a pressure sensor. These can be made using microelectromechanical system (MEMS) process.

Highlighting the move to convergence, automakers are testing systems that will allow smartphones to dock with a large display on the car's centre console allowing the driver to access the Internet, listen to his or her stored music, and send text messages through a large, on-board touchscreen rather than using the phone itself, and essentially replacing radio/CD/nav systems on today's cars.

Electric and hybrid cars are not expected to contribute significantly to the automotive IC market in the immediate future. Shipments of hybrid and electric vehicles are forecast to increase a modest 8 per cent in 2011.

The automotive IC market is forecast to grow to Rs.95,860.30 crore ($20.9 billion) through 2014, representing an average annual increase of 14.5 per cent per year from 2009 to 2014. That growth rate tops the IC growth rate in other system markets including computer (11.7 per cent), communications (8.1 per cent), and consumer (10.6 per cent) systems, and the total worldwide IC market (10.6 per cent) over the same period.

Automotive IC market

Figure 1: Automotive IC market forecast.

For more statistics and forecasts, click here.

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