Dallas, TX -- (SBWIRE) -- 07/01/2011 -- The automobile, as we know today, has evolved over the decades from being mostly a sum of heavy mechanical systems to having become an integration of mechanical systems and electronic controls. This has happened mainly due to the advent of semiconductor technology and its successful incorporation at various levels in the automobile that has been directed towards achieving higher performance levels and enhanced operating efficiencies from the vehicle. As semiconductor technology has evolved over the years, it has enabled manufactures of automobiles to piece together multiple applications on a single chip by cutting down the board area; thus optimizing performance. As a result, it is no surprise that one of the major drivers of the automotive industry over the years has been the rise of integrated electronics, and the advancements in the same can be seen to keep the automotive industry moving ahead in the coming years.

The automotive semiconductors market peaked in the year 2007 at $20.0 billion. However, towards the last quarter of 2008, the industry saw a steep decline. The credit crisis in the U.S. and its subsequent effect on the automotive industry were reflected in the numbers for 2008 when the market revenue crossed $18 billion. The market continued to fall through 2009, bottoming out at $16.6 billion. With the effect of the U.S. government bailout of the auto majors, and partial recovery of European and Asian markets, the year 2010 saw a steep rise with the industry surpassing 2007 highs and moving upwards with $22 billion. Barring any unforeseen crises, the upward trend is likely to continue in the light of increasing car sales across the world, and the market is expected to close to $35 billion by 2014.

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