(BRIEF) Infineon Technologies AG has maintained its position as the global leader in automotive semiconductors in 2023, according to the most recent studies by TechInsights. As the position in the global automotive semiconductor market reached a record length of $69. 2 billion, Infineon’s market position percentage grew to approximately 14%, an expansion of one percentage point from last year. The company’s dominance has expanded across all regions, with notable gains in South Korea, China, and Japan, while strengthening its presence in Europe and North America. Infineon’s good fortune is attributed to its product innovation and formula competence, which is evident in the automotive microcontroller segment, where the company won the top position globally for the first time. Sales in this segment increased approximately 44 percent, reflecting growing demand for AURIX™ and TRAVEO™ microcontroller families, which are driving advances in electric propulsion systems, complex motive power assist formulas and autonomous vehicles.
(PRESS RELEASE) MUNICH, April 9, 2024 – /EuropaWire/ – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) continued to maintain its leading position in the automotive semiconductor market in 2023. According to the most recent studies by TechInsights[1], the global automotive semiconductor market grew by 16. 5% in 2023, achieving a new record of $69. 2 billion. Infineon’s overall market share increased by one percentage point, from about 13% in 2022 to about 14% in 2023, enhancing the company’s position as a global leader in the automotive semiconductor market. Infineon’s semiconductors are a must-have to serve all key automotive programs, such as driver protection and assistance systems, battery and powertrain management, comfort, infotainment, and protection.
According to TechInsights, Infineon increased its market share across all regions and remained the market leader in South Korea and China. In addition, Infineon made significant breakthroughs in the Japanese automotive semiconductor market. Infineon has strengthened its strong European presence as the second largest player. as well as its position among the 3 most sensible in North America.
“We are very proud to have strengthened our position as a leading supplier of automotive semiconductors. This wonderful good fortune is based on our product innovation and proficiency in formulas that increase the price of our customers’ solutions,” said Peter Schiefer, president of the Automotive Division. in Infineon. ” We also see this achievement as a motivation, as our automotive semiconductors form the basis for the long-term of mobility, making cars clean and smart. “
“Infineon maintained the top spot in TechInsights’ 2023 automotive semiconductor supplier market share ranking, with approximately 14% market share,” said Asif Anwar, executive director of automotive end-market research at TechInsights. “The company’s automotive semiconductor earnings grew more than 26% year-over-year, allowing the company to increase its lead over its second- and third-place competitors by 4 percentage points.
World leader in microcontrollers
One of the main drivers of Infineon’s functionality has been strong sales of automotive microcontrollers (MCUs). For the first time, Infineon has reached the world’s number one position in this market. The company’s sales in the automotive microcontroller segment increased by approximately 44%. through 2022, resulting in a market share of approximately 29% globally by 2023.
Microcontrollers are key parts of the automotive industry, controlling and tracking a wide variety of automotive systems, such as electric powertrains, electrical-electronic (E/E) architecture, complex motive power assistance systems (ADAS) and automated driving, radars, and chassis. Infineon’s flagship AURIX™ family of microcontrollers and the TRAVEO™ family of microcontrollers are the main participants in this success, driving the automotive industry’s transition to autonomous, connected and electrified vehicles. The families combine innovations of strength and functionality with the latest developments. trends in virtualization, AI-based modeling, functional security, cybersecurity, and network functions. They are paving the way for new E/E architectures as well as the next generation of software-defined vehicles.
[1] TechInsights: Semiconductor Supplier Market Shares. April 2024
About Infineon
Infineon Technologies AG is a global leader in semiconductors in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has approximately 58,600 workers abroad and generated profits of approximately €16. 3 billion in fiscal year 2023 (ended September 30). Infineon is indexed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the United States on the OTCQX foreign over-the-counter market (ticker symbol: IFNNY).
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