Page 34 - TTG-Taiwan Transportation Equipment Guide 2024-09 Edition

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Industry Trends Report

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By Andrew Hsu

In recent years, the vehicle industry has shifted enable real-time sensing and decision-making by
towards Connected, Autonomous, Shared, and processing data from sensors, cameras, and radar
Electric (CASE) trends, with automotive electronics systems. In intelligent cockpits, semiconductors
playing a pivotal role in this transformation. power high-resolution displays, speech recognition,
and touch-screen interfaces, enhancing comfort and
According to the International Data Corporation interactivity. For powertrains, they manage motor
(IDC), the demand for semiconductors for high- control and energy effi ciency in electric and hybrid
performance computing (HPC), image processors vehicles. Additionally, semiconductors enhance the
(IPUs), radar chips, and laser radar sensors is safety and control of chassis and body systems by
expected to surge with the proliferation of advanced supporting Advanced Driver Assistance Systems
driver-assistance systems (ADAS), electric vehicles (ADAS) and stability control. These advancements
(EVs), and the Internet of Vehicles (IoVs). IDC boost vehicle performance and user experience,
forecasts that by 2027, the global automotive driving significant growth in the semiconductor
semiconductor market will exceed $8.8 billion, with market.
a compound annual growth rate (CAGR) of 12%
from 2023 to 2027. With the ongoing advancement of application
scenarios, the maturation of 5G communication
The new generation of automobiles presents a technology, and the widespread adoption of
vast blue ocean of opportunities for technologically Vehicle-to-Everything (V2X) technology, the use
advanced Taiwanese manufacturers. However, of semiconductors in vehicles is set to become
navigating this emerging field comes with its even more extensive and profound. The future of
share of opportunities and challenges, requiring a the automotive semiconductor market promises
collaborative approach to overcome. breakthroughs in technological innovation and cost
control, playing a crucial role in the transformation
Driving Into a Silicon Future of the automotive industry by meeting increasing
demands for safety, comfort, and environmental
Automotive semiconductor technology is sustainability.
indispensable for numerous applications. In
autonomous driving, high-performance chips