Infineon Technologies further solidified its position as the top player in the automotive semiconductor market in 2023.
Recent findings from TechInsights revealed that the automotive semiconductor market
experienced a significant growth of 16.5 percent, reaching a new milestone of US$69.2 billion.
Amidst this boom in the automotive semiconductor market, Infineon’s market share saw a one percentage point increase, climbing from nearly 13 percent in 2022 to approximately 14 percent in 2023 mentioned its official release.
This growth underscores Infineon’s dominance in the automotive semiconductor sector. Infineon’s semiconductors which include the automotive MCUs have been playing a crucial role in various automotive applications which include driver assist systems, safety features, powertrain management, battery control, comfort, infotainment, and security.
TechInsights reports that Infineon has experienced a surge in its market share including the automotive semiconductor market across all regions, solidifying its position as the market leader in South Korea and China.
Furthermore, Infineon has achieved notable advancements in the automotive semiconductor market in Japan.
In terms of its European presence, Infineon has fortified its position as the second-largest player which mentions the automotive semiconductor market, while also securing a spot among the top three in North America revealed the official release.
“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.”
“Infineon maintained the top spot in the TechInsights automotive semiconductor 2023 vendor market share rankings with nearly 14 percent market share,” said Asif Anwar, Executive Director of Automotive End Market Research at TechInsights. “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.”
Infineon’s Stellar Performance Due To Leading Sales of Automotive MCUs
Infineon’s exceptional performance can be attributed to the strong sales of automotive microcontrollers (MCUs). The automotive MCUs demand has propelled the company to secure the top position in the global market for the first time.
The automotive MCUs segment witnessed a remarkable growth of nearly 44 percent compared to 2022, resulting in Infineon capturing a 29 percent automotive MCUs market share worldwide in 2023 stated its official release.
Microcontrollers play a crucial role in the automotive industry as they control and monitor various systems in vehicles, including electric powertrains, electric-electronic (E/E) architecture, advanced driver assistance systems (ADAS), automated driving, radar, and chassis.
Infineon’s Flagship MCU Family
Infineon’s flagship microcontroller families, AURIX™ and TRAVEO™, have been instrumental in this achievement. These families have been driving the automotive industry’s transition towards autonomous, connected, and electrified vehicles.
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