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.
The 2015 projection for semiconductor revenue gained from the automotive market segment is expected to be $27 billion which is a 3 percent increase from 2014 (Revised down from Q1). This market is growing at a compound annual growth rate of 8 percent and should reach $39 billion by 2020 driven by the increasing electronic content in vehicles. This tracker provides forecasts for all semiconductor products used in automotive applications. The market is segmented into four areas including powertrain, safety systems, infotainment, and the aftermarket. Forecasts are provided by region, application, and by product type. Market share is also provided for the semiconductor suppliers as well as the automotive OEMs with estimates for each OEM on semiconductor purchasing.