Page 35 - TTG-Taiwan Transportation Equipment Guide 2025-04 Edition

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Industry News

are driving demand for Electric Vehicles (EVs) Advance in Autonomous Systems and Sen-
and Hybrid Electric Vehicles (HEVs). These next- sor Technology
generation vehicles require sophisticated electronic
systems for battery management, motor control, Taiwan plays a crucial role in the global
energy optimization, and charging infrastructure. automotive supply chain, leveraging its strengths
in the semiconductor and information and
At the same time, safety has become a communication technology (ICT) industries
top priority in the industry, fueling demand for to establish a strong foothold in automotive
active vehicle safety solutions. Regulations and electronics. In 2023, the sales value of Taiwan’s
technological developments in Advanced Driver automotive electronics products exceeded NT$400
Assistance Systems (ADAS) are boosting the need billion, driven by the growing adoption of electric
for safety-focused components. Additionally, the vehicles, smart cockpits, and autonomous driving
rise of advanced in-vehicle infotainment systems technologies.
is transforming the driving experience, creating
new business models and revenue streams in the These advancements continue to propel
automotive entertainment sector. the development of key components such as
automotive sensors, displays, semiconductors, and
These trends have led to a steady increase high-performance computing systems. To compete
in the proportion of automotive electronics in in the global market, automotive suppliers must
overall vehicle costs, with projections suggesting it maintain a stable supply chain and uphold stringent
could surpass 50% in the future. According to the product quality standards. Securing international
Semiconductor Industry Association International certifications and meeting industry regulations are
(SEMI), the global automotive electronics market is critical steps in ensuring product reliability and
expected to exceed $400 billion by 2028, driven by safety, solidifying Taiwan’s position in the evolving
a compound annual growth rate (CAGR) of nearly automotive landscape.
8%.
Looking ahead, Level 2 driver assistance
A report by Yole Group further highlights this systems are expected to become standard in new
shift, predicting that the value of semiconductor vehicles, while Level 3 and higher autonomous
components in each new vehicle will rise from $540 driving capabilities will gradually gain regulatory
in 2022 to $912 in 2028, with a double-digit CAGR. approval across various countries, paving the way
Notably, demand for automotive electrification and for fully autonomous mobility services.
ADAS technologies is expected to see particularly
strong growth.