Infineon expands its market position in automotive MCUs
Summary
According to the latest research by TechInsights, the global automotive semiconductor market grew by 16.5% in 2023, reaching a new record size of $69.2 billion. Infineon’s semiconductors are essential in serving all automotive key applications like driver assist and safety systems, powertrain and battery management, comfort, infotainment and security. Infineon has strengthened its strong European presence as the second-largest player, as well as its top three position in North America. 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. The company’s sales in the automotive microcontroller segment increased by nearly 44% compared to 2022, resulting in a 2023 market share of about 29% worldwide.