After the third quarter, the semiconductor market improved slightly overall, but the automotive market remains one of the strongest growing segments this year. Global automotive semiconductor revenue in 2016 is expected to reach a high of nearly $29 billion. This is a 12 percent increase over last year. Driving growth is the increasing demand for semiconductors as the automotive industry begins the enter the semi-automated and fully autonomous era. This tracker provides forecasts for each semiconductor family used in automotive designs. Forecasts are provided by region, application segment, application and by semiconductor product type. Market share for automotive electronics providers and semiconductor suppliers is included. Also included is spending estimates by automotive electronics provider.
The automotive market was sluggish in 2015 and appears to be in a strong recovery this year in terms of worldwide revenue for semiconductors used in cars and trucks. While the overall market has been adversely effected by sluggish sales for application processors and memory, revenue from semiconductors used in automotive is expected to grow by 10 percent this year. This tracker provides forecasts for semiconductors used in the powertrain, body, safety, infotainment, and aftermarket application segments in automotive. Forecasts are provided by region, application, and product type. Market share is also provided for the semiconductor suppliers as well as the spend and share of the OEMs that produce electronics used in automotive.
The market for semiconductors in the automotive market segment is expected to reach close to $30 billion and is growing at a compound annual growth rate slightly higher than the overall semiconductor market. This may come as a surprise for some, but really, opportunities in electronics for this very mature application market are growing strongly. Increasing demand for safety electronics as well as convenience and comfort electronics in midrange and low end vehicles has provided increasing opportunity for suppliers that provide semiconductors suited for automotive designs. This tracker provides readers with forecasts for all semiconductor families used in the automotive application market. Forecasts are provided by region, application, and product type. Market share is also provided for the top semiconductor suppliers that serve this market as well as the OEMs that provide electronics to the vehicle manufacturers. OEM spending on semiconductors is also presented.
The automotive semiconductor market reached an estimated $26 billion, slightly lower than the year before. This year, we expect the market to perform better with an estimated growth rate of 6 percent. This increase is due to higher semiconductor content in vehicle designs, but primarily due to growth of unit sales in developing countries. This tracker provides forecasts for all semiconductors used in the automotive segment. Forecasts are provided by region, by application, and by product type. Market share is also provided for semiconductor suppliers as well as the OEMs manufacturing the electronics used in vehicles. OEM estimated spend on semiconductors is also provided by organization.