Cypress Semiconductor acquisition pushes Infineon to the front
BOSTON–(BUSINESS WIRE)–Infineon displaced NXP from the number one spot as the leading supplier of automotive semiconductors. The annual assessment from Strategy Analytics Powertrain, Body, Safety & Chassis Service (PBCS) Service is detailed in the Automotive Semiconductor Vendor 2020 Market Shares report which presents analysis of 2020 automotive sector revenues and market shares of the leading semiconductor vendors, with revenue splits by major component product category and by region.
Along with Renesas, Texas Instruments and STMicroelectronics, the top five vendors accounted for almost 49% of the global automotive semiconductor market in 2020. On the other end of the scale, the “Others” category includes over 45 companies that account for around 16% of the 2020 automotive semiconductor market.
Strategy Analytics estimates that 2020 automotive semiconductor vendor revenues were down 6.0% year-on-year, dropping from $37.2 billion in 2019 to $35.0 billion.
“The 2020 global market for automotive semiconductors was impacted by the global COVID-19 pandemic in the first half of the year, but pent-up demand initiated a strong recovery allowing automotive semiconductor vendors revenues to grow strongly and minimizing the overall year-on-year decline,” noted Asif Anwar, report author and PBCS Service Director. “However, Infineon was the only company in the top five to demonstrate growth in both revenue and market share with the Cypress Semiconductor helping to cement Infineon as the number one automotive semiconductor supplier.”
Mr. Anwar concluded, “The 2021 demand pipeline remains robust as semiconductor companies continue to play catch-up, and the automotive semiconductor industry players are positioned to enjoy a period of sustained revenue and profitability growth.”
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Source: Strategy Analytics, Inc.
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