Automotive semiconductor market to dwindle in 2013
Following a healthy expansion in 2012, the growth of the global automotive semiconductor market is expected to decelerate slightly this year because of a slowdown in the aftermarket and portable navigation device segments.
According to market research firm IHS, total semiconductor revenue in 2013 derived from automotive infotainment will reach $6.67billion, up 3% from $6.48bn.
Growth this year is expected to be lower than last year's approximately 4% increase, but an acceleration is expected next year and beyond, with revenue growth of 3 to 7% each year during the next five years.
By 2018, IHS believes automotive infotainment semiconductor revenue worldwide will amount to $8.54bn.
