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Automotive IC market revs up, grows to $21.7B in 2014

Posted: 21 Nov 2014     Print Version  Bookmark and Share

Keywords:automotive  MCU  memory 

The total automotive IC market is expected to grow 15 per cent to $21.7 billion in 2014, compared to a 1 per cent increase registered in 2013, according to IC Insights.

Asia Pacific is forecast to surpass Europe as the largest market for automotive ICs beginning in 2016 and is forecast to be the strongest region for automotive IC market growth through 2018, with 20 per cent CAGR.

Analogue ICs and MCUs remain the two largest IC product categories within the automotive IC market. But the automotive memory IC market will make big strides, more than doubling from an estimated $2.0 billion in 2014 to $4.2 billion in 2018.

Automotive tops IC growth rate

The automotive IC market CAGR of 10.8 per cent in the 2013 to 2018 period is four percentage points greater than the next closest category, communications, at 6.8 per cent and ahead of the 5.5 per cent anticipated growth for the total IC market during this time.

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 (Figure 2) 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. Vehicle-to-vehicle communications, mandatory backup cameras, and various driver assist systems will keep the automotive IC market dynamic through 2018.

IC market by end-use application

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