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.
Databeans has added three new tables to this report which covers the semiconductor demand in the automotive application market. The strongest growth for semiconductors is in the body electronics, safety systems, and driver assistance application areas. Forecasts for products used in the communication hub, door locks, seat control, and other body electronics systems has been added to this study. The automotive market for semiconductors is still expected to remain flat this year with an estimated size of $26.6 billion in revenue for 2015. This tracker provides forecasts for semiconductors used in automotive by region, application segment, and by product type. Market share is also provided for the customers (OEMs) and for the semiconductor suppliers that are participating in this market. Semiconductor spend by OEM is also provided.
The automotive semiconductor market continues to suffer from over inventory after a strong 2014 and is now expected to remain relatively flat if not slightly down in 2015 for an expected total of $26.3 billion. This lug in the market is expected to recover by 2016 as the market is expected to reach a high of over $28 billion and continue to grow at a compound annual growth rate of 8 percent. This tracker provides forecasts for all semiconductors used in automotive applications with special forecasts provided for automotive specific products as well as multimarket semiconductors that are also used in this space. Forecasts are provided by region, application segment and market share is also provided for both the semiconductor suppliers as well as the automotive electronics providers. Estimated annual spending on semiconductors is also provided for the automotive OEMs.