July 3, 2003 – Newton, MA – A new report indicates that the global automotive semiconductor market rose 6% to $11.5 billion in 2002, tripling the growth rate of the rebounding overall semiconductor market.
The Strategy Analytics report, “Automotive Semiconductor Vendor Market Shares – 2002,” rates Motorola SPS as the top vendor with 13.4% market share, followed by Infineon with 8.2% and STM with 6.6%. The three companies controlled 28% of the overall marketplace. The study also recognizes Renesas Technology Corp., the joint venture between Mitsubishi and Hitachi, which it says could challenge STM for the third spot.
“A stable growth outlook for the automotive electronics sector is attracting a greater level of semiconductor vendor competition,” stated VP Chris Webber, VP of Strategic Analysis’ automotive electronics and telematics practice.