The automotive semiconductor market was worth $32.1 billion in 2016 up 8% from 2015 and it is forecasted to grow up to $34.4 billion in 2017. The electronics content continues to increase per car from $312 in 2013 to $460 in 2022. This leads to a healthy 7.1% CAGR from 2016 to 2022 when the market will top $48 billion. Electronics for hybrid and electrics vehicles is the fastest growing segment with 19% CAGR with Advanced Driver Assist Systems (ADAS). Automotive systems sold in the developed nations will also continue to add new features in segments such as fuel saving enhancements (mostly based on electronics), premium audio systems, connected navigation systems and many other connected car features (from Internet radio to mobile search and cloud-based content). Autos sold in developing countries will also grow in electronics sophistication, but starting from a lower level.
Some of the key technology trends “under-the-hood”, and inside the car include:
- Hybrid and Electric Vehicle (EV)
- Infotainment – Augmenting the user content and experience
- Semi-Autonomous / Autonomous driving
- Security and Privacy controls
- Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2X) communications
These trends in turn have led to the emergence of key applications / sub-segments such as Advanced Driver Assistance Systems (ADAS), Safety, Powertrain, Infotainment and Body electronics, which are in-turn differentiated by SoC solutions, and bounded by Quality, Reliability and Safety controls.
The automotive market will be GSEC core strengths, working with the leading automotive suppliers. GSEC is working with its partners to come up with mainstream and leading-edge process technology / products based multi-core MCUs, radar, cellular and WiFi communications, embedded memory, sensors, and other automotive solutions with proven quality and services.
