🚗💡 Exploring the Future of #Automotive #Semiconductors 💡🚗
TechInsights recently delved into the fascinating world of automotive semiconductor market trends. Here are the key takeaways:
🔌 #Electrification Is the Driving Force: From connected vehicles to advanced infotainment, the core of these trends is electrification. Governments worldwide are pushing for #ZeroEmissions, steering the industry toward #ElectricVehicles.
🌍 Global Policies Pushing Electrification: Major markets like the EU, US, China, and Germany are incentivizing electric vehicle adoption through regulations and infrastructure investments.
🔋 Tech Advancements Fueling Change: #BatteryTechnology, compound semiconductors, and vehicle architectures are evolving rapidly due to the electrification push, reshaping demand in the semiconductor market.
📈 Predicted Surge in Electrified Vehicles: By 2028, the forecast indicates more electrified vehicles produced than internal combustion engine-based ones, driving changes in the semiconductor landscape.
💡 #Semiconductor Industry Dynamics: Market shares among vendors are evolving, emphasizing the need for technology differentiation to stay competitive.
🤝 Closer OEM-Supplier Relationships: Automakers and semiconductor suppliers are aligning closely due to strategic demands, especially in power electronics and advanced capabilities.
🔮 Future Outlook: Despite short-term challenges like semiconductor shortages and consumer affordability concerns, the long-term trajectory remains strong with electrification as the key driver.
🌟 Conclusion: The future of automotive semiconductors is bright, with electrification at its core, shaping the industry's evolution and technological advancements.
🚀 Exciting times are ahead for the automotive industry!
At #ASMPT, we invite you to our upcoming 2-Day webinar (30 Nov - 1 Dec), "Driving the Future!", where we will delve into the exciting developments shaping the automotive industry and the role ASMPT contributes in driving innovation and progress in this arena.
Register here:
👉 Part 1 @ 30 Nov 2023: https://lnkd.in/eSvaitMK
👉 Part 2 @ 1 Dec 2023: https://lnkd.in/eU3VbmWY
Registration will be closed on 24 Nov 2023. Register now!
ASMPT SMT Solutions
ASMPT SEMI Solutions
We are incredibly grateful for your engaging keynote at the 28th International Automobil-Elektronik Kongress. Your insights into how software-defined vehicles are revolutionising the industry and the need for robust, faster integration approaches were truly enlightening.