The automotive semiconductor industry
manufactured goods life cycle is long and complex, thus manufactures of
automobiles are disinclined to change semiconductor suppliers, as it involves
very high costs. The beginning of a smart vehicle period is expected to sharply
increase the significance of automotive semiconductors. Hybrid electric car requires
approximately ten times more semiconductor parts in their making. Motor
inverter is necessary to change the alternating current to direct current and
vice versa; a DC/DC converter is required for managing bidirectional voltage
control system; a battery supervision system is required to check the position
of the battery and plug-in charger is mandatory for recharging the battery.
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Technical advancements which includes self-driving cars,
vehicle connectivity and interactive safety systems, are expected to drive the
growth of automotive semiconductor industry over the forecast period. The
automobile will require new skills and is expected to attract novel competitors
from outer part of industry. Growing trend of mobility configuration is
influencing the demand of self driven vehicle which in return is expected to
propel the market over the forecast period. .Autonomous vehicles programmed not
to crash are on the horizon. Moreover, combination of nonautonomous and
autonomous vehicles in a same traffic mix will be a major challenge for
automotive semiconductor industry. The vehicles of the prospective future will
be linked and will be having ability not only to check its own operational
parts and the safety surroundings around it but also be able to communicate
with other vehicles and with progressively more intellectual road ways
transportation. When each vehicle is expected to become a source for accepting
and transferring bits of information over millions of commands, efficiency and
safety should improve and automobile makers ought to be in a situation to
confine the valuable data.
These Electronic advancements are expected to drive the
growth of automotive industry over the forecast period. Safety guidelines are
expected to fuel the implementation of ADAS technology over the forecast
period. Owing to support from local authorities and supervisory bodies for
enhanced safety standards, OEMs are gradually adopting ADAS applications such
as Automatic Emergency Braking (AEB), Forward Collision Warning (FCW)and Lane
Departure Warning (LDW) and among other technologies. The infotainment field is
also expected to provide strong expansion chance over the forecast period owing
to increasing demand of consumer and mobile devices. On the basis of types
automotive semiconductor market can be segregated into sensor semiconductor,
Logic Semiconductor, Power Semiconductor, ASSP semiconductor and Processor
Semiconductor.
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