DALLAS, USA: The report " Global Automotive Semiconductors Industry Forecast (2010 - 2014)" analyzes the automotive semiconductors market by product types and applications and studies the major market drivers, restraints, and opportunities for automotive semiconductors market in America, EMEA, and Asia-Pacific.
The automotive semiconductors market peaked in the year 2007 at $20 billion. However, towards the last quarter of 2008, the industry saw a steep decline. The credit crisis in the US and its subsequent effect on the automotive industry were reflected in numbers for 2008 when the market revenue crossed $18 billion. The market continued to fall through 2009, bottoming out at $16.6 billion.
With the effect of the US government bailout on the part of the auto majors, and partial recovery of European and Asian markets, the year 2010 saw a sheer rise with the industry surpassing 2007 highs and obtaining total revenue of $22 billion.
Barring any unforeseen crises, the upward trend is likely to continue in the light of increasing car sales across the world, and the market is expected to close at $35 billion by 2014.