Semi: Automotive Compound Annual Growth Of 5.8%

With  the development of intelligent vehicles, the number of semiconductor  components contained in automobiles has increased significantly, thanks  to the support of advanced vehicle and electric equipment, including  networking functions, advanced ADAS driving assistance systems, electric  energy saving, and automatic driving. SEMI said that according to the latest research report, the output  value of global automotive semiconductors in 2020 will increase at a  compound annual growth rate of 5.8% to US$ 48.78 billion.

This positive growth momentum also makes the automotive market become a  relevant manufacturer of semiconductors and microelectronics and has  become the most attractive industry focus.

In  recent years, the autopilot system has been widely used in autonomous  detection of exterior environments, such as optical sensors, radar  sensors, ultrasonic sensors, imaging systems and navigation (GPS) and  other related equipment. Semiconductors and microelectronics are also used in innovative  autopilot technologies such as advanced driver assistance systems, image  processors, application processors, sensors, DRAM, and NAND Flash.

A  recent report by Yole Développement states that by 2032, the production  of self-driving cars will grow from 7,000 to 1.8 million vehicles this  year, which will drive the growth of the relevant sensing components and  systems market, with a view to a market value of 90 billion yuan. Yole  further pointed out that the demand for high-efficiency and low-power  consumption of electric vehicles or hybrid vehicles has also led to  significant growth in new power semiconductor components such as SiC and  GaN, and will reach a value of more than US$20 billion in five years.