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Electrification revs up powertrain semiconductor market

Posted: 11 May 2015     Print Version  Bookmark and Share

Keywords:IHS  powertrain  electric vehicle  DC/DC converter  ECU 

The automotive powertrain semiconductor market experienced an 8.3 per cent growth in 2014, which is attributed to the increasing volumes of new vehicles and the need for fuel efficient vehicle technologies, according to a new IHS report. The market research firm also predicted that revenues related to powertrain semiconductors will climb with a CAGR of nearly six per cent in the next five years from $7.2 billion in 2014 to $9.5 billion in 2019.

Electrification is propelling the powertrain semiconductor market on a global scale. As an example, start-stop systems are forecast to grow at a CAGR of 21 per cent, while plug-in hybrid vehicles are expected to have a strong annual growth of 37 per cent for the next five years. In addition, for internal combustion engines, there is an increasing trend away from traditional incumbent multi-port fuel injection systems towards gasoline direct injection systems. Direct injection systems are more efficient and require higher semiconductor content than their multi-port counterparts.

Automotive semiconductor revenue for powertrain

"Propulsion systems for electric and hybrid vehicles demand, on average, 10 times more semiconductor content than a conventional engine," said Ahad Buksh, analyst, automotive semiconductors at IHS. "Without electrification, the powertrain semiconductor market would have only grown 3.1 per cent annually for the next five years, whereas electrification is now accelerating the market at six per cent growth rate annually."

Electric vehicles, hybrids leading global growth

Electrification is a major revenue generator for powertrain in the coming years. Some key components include the motor inverter, DC/DC converter, battery management system and plug-in charger, all of which require power management by analogue ICs and discrete components. Growth rates are expected to be high, as the market is currently relatively small. These applications saw growth of 24 per cent in 2014 and another 22 per cent increase is forecast in 2015, according to IHS, the highest of any automotive semiconductor application. From a revenue perspective, semiconductor content in electric and hybrid vehicles are expected to generate more than $1 billion in total revenue growth from 2014 to 2019, by which time IHS forecasts that $1.6 billion will be generated in this segment.

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