This positive growth momentum also makes the automotive market become a relevant manufacturer of semiconductors and microelectronics, becoming 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), etc. Semiconductors and microelectronics are also used in innovative autopilots. Technically, 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, driving a significant growth in 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 also drives the growth of new power semiconductor components, such as SiC and GaN, and will reach a value of more than US$20 billion in five years.