Page 35 - TTG-Taiwan Transportation Equipment Guide 2024-09 Edition
P. 35
33
Industry Trends Report
Seizing opportunities in the automotive manufacturers are poised to capitalize on them.
electronics market is no easy feat. With safety Beyond securing standards and certifications, their
as a paramount concern, automotive electronics greatest strengths lie in their highly flexible and
must operate reliably under harsh conditions meticulous customer service, quick responsiveness
for extended periods. Consequently, stringent to changes, and provision of one-stop solutions.
regulations have been established by governments Continuous innovation and development to meet
and legal organizations worldwide. Suppliers the customized needs of the automotive electronics
must comply with these norms to qualify for entry industry further enhance their resilience and ability
into the industry chain. The automotive sector is to swiftly adapt to market demands and changes.
governed by complex regulations, including the Numerous Taiwanese manufacturers are actively
electromagnetic compatibility (EMC) standard expanding their presence across various industry
CISPR 25, component reliability testing standards segments. For example, chip design companies
AEC-Q100 and AEC-Q200, the quality management have introduced new Intelligent Cockpit System-
system IATF 16949, and the functional safety on-Chip solutions integrating artificial intelligence
standard ISO 26262. These standards are (AI) to cater to international customers. In
fundamental for designing, manufacturing, and semiconductor manufacturing, functional modules,
testing automotive electronic products, ensuring automotive computers, and cockpit systems,
quality, safety, and performance, and guaranteeing Taiwanese firms have been launching innovative
reliable operation under all conditions. While these products, positioning themselves at the forefront of
regulations are demanding, they create a threshold this rapidly evolving market.
that can help investing companies gain entry into
new markets, earn the favor of automotive supply Despite the wealth of opportunities, the
chain manufacturers, and establish long-term, automotive electronics market presents significant
stable partnerships. challenges. Historically focused on the consumer
market, Taiwan's electronic components industry
Semiconductor Equipment and Materials has recently been making inroads into the
International (SEMI) forecasts that by 2028, the automotive sector. Major testing companies and
global automotive electronics market will exceed standards organizations now offer comprehensive
$400 billion, with a compound annual growth rate automotive certification services. Compared to
of nearly 8%, indicating tremendous development other countries, Taiwan's manufacturers excel
potential. in producing small batches with high variety and
possess strong flexible manufacturing capabilities,
Taiwan's Tech Edge allowing them to quickly respond to market
changes. In global leadership areas like automotive
Faced with substantial business opportunities lights and bumpers, Taiwanese companies can
in the automotive electronics market, Taiwanese further their advantage by providing cross-domain
