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Global automotive production exceeded 93 million units in 2016, and is projected to surpass 100 million units by 2020. Additionally, semiconductors mounted in vehicles are expected to increase from approximately $314 per unit in 2016 to over $360 in 2021, indicating that the automotive-related semiconductor market is growing rapidly.
This trend reflects the importance for global automotive manufacturers and suppliers to develop products that achieve vehicle weight reduction and improved efficiency across all vehicle types, while enabling rapid certification to international standards.
This trend reflects the importance for global automotive manufacturers and suppliers to develop products that achieve vehicle weight reduction and improved efficiency across all vehicle types, while enabling rapid certification to international standards.
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