Abstract
By revenue, the automotive aftermarket is the smallest automotive
semiconductors application market, and long term it is expected to experience
relatively slow growth; yet there are current opportunities for suppliers in
the areas of audio, navigation, security, and controls, especially in the
midst of an automotive industry downturn, in which consumers are more likely
to keep vehicles for longer periods of time.
Databeans forecasts that the market for semiconductors in automotive
applications is growing at a compound annual growth rate of 10 percent. The
fastest-growing application market segments include safety and infotainment.
The aftermarket is the smallest and slowest growing segment by revenue, with a
five-year CAGR of 8 percent and a current value of just over $2 billion.
The automotive aftermarket, which is mostly a consumer retail segment,
features a range of automotive electronics, including aftermarket electronic
control products, aftermarket audio, aftermarket security products, and
aftermarket navigation devices. Databeans estimates that the automotive
aftermarket will contribute about $2 billion in automotive semiconductor
revenue for 2009. Growing at a rate of 8 percent on average for the forecast
period, this market is expected to be valued at $3 billion by year 2014.
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