With the global automobile electronics market set for strong growth in 2015, a number of semiconductor firms including Micron Technology, Spansion, Micronix International, Winbond Electronics and Silicon Motion Technologies, have begun strengthening their deployments in the segment. According to IC Insights, IC parts for automobile applications will command a CAGR of 10.8% during the period from 2013-2018 compared to 5.5% on average for the entire chipset solution market, which includes chips for PCs, consumer electronics, telecommunications, medicare, and other applications.