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Industry News

Future Outlook on Automotive Electronic

with Rising Opportunity for Taiwan.

By Huang Wei-shiou
The Scale of Global Automotive Electronics In response to the above needs, many
manufacturers have launched a variety of products
The global automotive electronics market size and services, which target automotive electronics.
reached US$ 267.6 billion in 2018 and is expected Manufacturers can also use this to quickly design
to hit US$ 355 billion by 2023, with a CAGR of a framework that meets automotive standards,
5.6%, according to Strategy Analytics. The current enhance product competitiveness, tap into the
output value is mainly driven by driving information supply chain in the automotive industry, and grasp
systems, connected cars, and autonomous driving the forthcoming and tremendous opportunities in
assistance systems (ADAS).
automotive electronics.
The Status of Taiwan’s ICT industry Proportion of Global Automotive Electronic Production

Taiwanese auto electronics market was valued Value Six Categories 2018
at NT$ 220.2 billion with a growth of 5.6% in 2018.
Due to the rise of the Smart Vehicle Systems and
Internet of Vehicle (IOV), we can see a 4.1% rise in
the related application of driving information system
and hardware of IOV with the value reaching NT$
116.7 billion. In terms of safety systems, since
European and North American regions have actively
been rolling out vehicle safety regulation, new
cars equipped with Automatic Emergency Braking
(AEB), Lane Departure Warning System (LDWS),
and Driver Monitoring System (DMS) will become
mandatory by international regulations in the future.
The huge business potential makes it the new Source: Strategy analytics
battleground. However, entering the automotive
field is not an easy task. Automotive systems still The Rise of Taiwanese Automotive Elec-
tronics Supply Chains
are subject to many strict and complex inspections
to ensure the safety of pedestrians and drivers. Among the supply chains benefiting from the
Besides, since car longevity is at least up to a development of smart cars and electric vehicles
decade, manufacturers must also offer a long in Taiwan, five major automotive electronics
warranty period. supply chains are forecasted to benefit, including