Himfr Discusses China's 2010 Automotive Semiconductor Market
BEIJING, Aug. 2 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, discusses China's 2010 automotive semiconductor market.
In 2010, China's automotive semiconductor market will resume a growth rate of 13.5%, reaching 16.55 billion U.S. dollars in scale; but by 2012, will return to 2008 levels.
With the rapid development of the global automotive industry, electrical and electronic products for automotive parts and components have broad applications. In 2009, despite the financial crisis, China's auto parts export volume showed a rise from February onwards. The automotive electronics market, therefore, has seen great development. According to statistics, the value of automotive electronic products accounts for 25% of an automobile's cost, and, in high-end cars, accounts for more than 30% of the cost. This proportion is still rising, and it is expected that the value content of electronic products in a number of luxury cars will soon reach 50%. The rapid development of the market brings a rare opportunity for automotive electronics companies.
In 2009, China's auto electronics industry reached RMB 185 billion in scale, while in 2011 the market will be nearly RMB 300 billion. China's auto electronics market is gradually expanding, and the number of products with highly improved function is continuing to increase. Foreign enterprises and joint ventures have been the main force of China's auto electronics market, accounting for the majority of market share. Infotainment systems have become the engine of automotive electronics market growth, with other applications including electronic fuel injection systems, ABS, airbag systems, EPS, TPMS, and radar ranging also finding wide use.
As the effect of the financial crisis has not yet faded, cost pressures in the auto market are more apparent, providing good development opportunities for Chinese automotive electronics businesses with their lower prices.
The fastest growing auto electronics market is the sensor market, with China's sales of automotive sensors seeing a compound annual growth rate of more than 35%. In 2010, there has been a big leap. China's automotive electronics industry is continuing development and technology is continuing to mature. The scale of expansion and quality of products has gradually risen. In the future, Chinese automotive electronics firms will achieve better results in the market.
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