The Strategy Analytics Automotive Electronics Service (AES) report, "Automotive Semiconductor Demand Forecast 2010 - 2019", predicts a surprising 11.5 percent growth in automotive semiconductor demand for 2012 - in view of more modest industry predictions for growth this year in the total global semiconductor market.
According to a release, the automotive industry megatrends of environment, safety, information and the need for affordable cars for emerging markets will continue to drive good growth opportunities for the automotive semiconductor market, despite the short term market uncertainties. With the global automotive semiconductor market worth $23.7 billion in 2011, these industry imperatives are expected to drive market revenue CAGR (Compound Annual Growth Rate) of 9.3 percent over the five year period 2011 to 2016.
Semiconductor demand from vehicle production growth in North America, Japan, Thailand and the BRIC (Brazil, Russia, India and China), regions this year will more than compensate for the decline observed in Europe, resulting in revenues of $26.4 billion. Expanding adoption of electronically controlled features in both mature and emerging vehicle markets is contributing to the long term growth outlook. Read More
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