Europe hangs on to lead in automotive chip buying

Europe hangs on to lead in automotive chip buying

Market news |
By eeNews Europe

Europe will remain to the largest automotive chip buyer in 2015 but Asia Pacific is catching up fast, according to the market researcher. The Americas region will spend more than twice as much on chips for government and military applications as any other region, IC Insights forecasts.

IC Insights expects the Asia-Pacific region to overtake Europe in that segment in 2016 as China continues to account for a large and growing portion of car production.

IC usage by geography and sector for 2015. Source: IC Insights. For a larger version of this chart click here.

Asia-Pacific’s grip as the dominant market for IC sales is forecast to strengthen in 2015 with the region expected to account for 58.9 percent of a $295.0 billion IC market in 2015. This represents a 0.5 percentage point increase over 2014.

Asia-Pacific is particularly dominant with regard to marketshare in the two largest sectors, computers and communications which are set to account for 73.9 percent of IC sales this year.

Over the period 2012 to 2018 it will be the industrial and communication segments that will display the highest growth with CAGRs of 9.1 and 8.2 percent respectively. The automotive IC market is forecast to a CAGR of 6.1 percent over the same time period.

In 2015, analog ICs are forecast to represent the greatest share of IC sales among automotive (43 percent) and industrial (50 percent) applications.

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