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Infineon claims world-leading market position in automotive semiconductors

Image for representation purposes. Source: Infineon

Infineon Technologies has claimed leading position in global market for automotive semiconductors in 2023 with  a market share of 14 percent. The company has gained one percentage point from nearly 13 percent in 2022. 

Quoting a latest research by TechInsights on the global automotive semiconductor market that grew by 16.5 percent in 2023, reaching a new record size of $ 69.2 billion, Infineon says that its semiconductors are essential in serving all automotive key applications like driver assist and safety systems, powertrain and battery management, comfort, infotainment and security. 

The company has also increased its market share in all regions and remained market leader in South Korea and China. In addition, Infineon has made significant gains in the Japanese automotive semiconductor market. 

Further, Infineon has strengthened its strong European presence as the second-largest player, as well as its top three position in North America. "The company's automotive semiconductor revenues grew over 26 percent year-on-year, allowing the company to stretch its lead over its second and third place rivals by four percentage points", commented Asif Anwar, Executive Director of Automotive End Market Research at TechInsights.

A major driver of Infineon's performance was strong automotive microcontroller (MCU) sales. The company's sales in the automotive microcontroller segment increased by nearly 44 percent compared to 2022, resulting in a 2023 market share of about 29 percent worldwide.

"We are very proud that we have expanded our position as the leading automotive semiconductor supplier. This great success is based on our product innovation and system competence that add value to our customers' solutions," said Peter Schiefer, President of the Automotive Division at Infineon. 

"We also see this achievement as motivation, since our automotive semiconductors are the basis for the future of mobility, making cars clean, safe and smart", he added. 

Microcontrollers are key components in the automotive industry, controlling and monitoring a wide variety of systems in the automobile such as electric powertrain, electric-electronic (E/E) architecture, advanced driver assistance systems (ADAS) and automated driving, radar and chassis. 

Infineon's 'AURIX' and 'TRAVEO' microcontrollers are also contributing to the auto industry transition towards autonomous, connected and electrified vehicles. The families combine power and performance enhancements with the latest trends in the fields of virtualization, AI-based modeling, functional safety, cybersecurity and network functions. 


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Author : Dhiyanesh Ravichandran
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