Recently, automotive electronics ushered in two major events: On October 27, Qualcomm said it has agreed to acquire NXP Semiconductors for approximately $47 billion in corporate value, and the combined company’s annual revenues Will exceed $30 billion.
In addition, Tesla also released the second generation of autonomous driving products last week. The hardware has been upgraded significantly from the previous generation and directly entered the level 5 security level. The continuous growth of the automotive electronics market and technological innovations have brought better development opportunities for automotive electronics manufacturers at home and abroad.
Automotive electronics market scale
In 2014, the global automotive electronics market was worth US$205 billion. It is expected to grow at a compound annual growth rate of 8.5% in 2015-2020. By 2020, the global automotive electronics market will exceed US$330 billion.
Global Automotive Electronics Market Size (100 million US dollars) from 2014 to 2020
As a major automobile production and sales country, China's automotive electronics market demand has also increased rapidly, and the market scale has continued to grow.
In 2014, China's auto electronics market was 359.1 billion yuan, reaching 401.24 billion yuan in 2015. It is expected to grow at a compound annual growth rate of 11% in 2016-2020. By 2020, the global automotive electronics market will reach nearly 680 billion yuan.
China's automotive electronics market scale (100 million yuan) from 2014 to 2020
In recent years, with the increasing application of sensor technology and the gradual penetration of the Internet into automobiles, the electronic trend of automobiles has become more and more obvious, and there has been a high degree of electronicization represented by Tesla and represented by Google driverless cars. Intelligent products. As a major automobile production and sales country, the demand for automotive electronics market has also increased rapidly. The penetration of automotive electronics continues to increase, which will push China's automotive electronics into a trillion-dollar market.
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