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WASHINGTON — The automotive semiconductor market may be on the verge of a recovery in the third quarter with a gradual increase in revenues during 2010, according to a market researcher.
Databeans Inc. (Reno, Nevada) said Tuesday (Aug. 18) in a monthly market survey that the auto IC market is headed for a "U-shaped" recovery "with several months of near-flat revenue." The recovery has been driven by Asian customers, where major economies like China and Japan are reporting increased economic activity.
"June marked a turning point where momentum begun to gather, while in August, Databeans predicts some nominal growth followed by an even stronger September, after which we expect to see strong recovery moving forward into the first quarter," the market watcher said. "By the end of 2009, Databeans expects the automotive semiconductor total available market to be just over $15 billion, thanks to emerging markets in Asia and recovery in established regions such as the US and Western Europe."
For the first time, Databeans said Chinese auto sales outpaced the U.S. in the first half of 2009, totaling 6.1 million vehicles compared to 5.8 million in the U.S. during the same period.
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