Page 36 - TTG-Taiwan Transportation Equipment Guide 2024-09 Edition

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Industry Trends Report

integration solutions. Moreover, Taiwan's complete chains through initiatives like the "Vehicle Industry
supply chain in the electronics industry, particularly Intelligent Transformation Promotion Program" and
in semiconductors, is globally competitive. By the "Intelligent Electric Vehicle Industry Counseling
expanding cooperation and pursuing win-win and Promotion Program." Leveraging resources
scenarios, Taiwanese enterprises can usher in a such as the Automotive Research & Testing Center
new wave of growth in the automotive electronics (ARTC) and the Taiwan Testing and Certification
industry. Center, these initiatives promote industry upgrading
and transformation. In 2023, 15 companies were
Furthermore, Taiwanese automotive component assisted in developing intelligent vehicle power
manufacturers have actively participated in products, successfully entering the supply chains of
the international division of labor and invested European, American, and Japanese automakers.
in factories in the U.S., China, and Southeast It is projected that within three years of product
Asia. This strategy has opened international development completion, domestic production value
markets, integrated them into the supply chains will rise to NT$5.79 billion.
of global automakers, and enhanced Taiwan's
competitiveness in the global automotive component Looking ahead, the trends of intelligence
industry. In the aftermarket components (AM) field, and electrification in the automotive industry
Taiwanese manufacturers enjoy high industry are accelerating. Taiwanese manufacturers
recognition and profitability. They continually invest investing in the automotive market are adjusting
in research and development to improve production their industrial strategies and mindsets. By
technology, especially in lights, dashboards, ADAS, leveraging its accumulated technological
and other electronic components. This innovation expertise in semiconductors and information
has driven steady growth in Taiwan's automotive and communications technology (ICT), Taiwan is
components industry. poised to become a key partner for global vehicle
manufacturers in the future automotive electronic
The Industrial Development Administration (IDA) component industry.
under Taiwan’s Ministry of Economic Affairs (MOEA)
also strives to support the domestic automotive
industry’s development of intelligent vehicle
electronics and integration into international supply