The field of automotive electronics covers a diverse spectrum of applications and technologies. It covers everything from active safety and passive safety to advanced driver assistance systems. It also examines OEM strategies, profiles suppliers, and outlines technology roadmaps. The future of automotive electronics includes everything from commercial and passenger vehicles to wearable and connected technologies. As new technologies become more affordable and widespread, the field of automotive electronics is sure to continue to grow.
The global automotive electronics industry faces multiple challenges. One of the challenges is protecting complex electronic systems and reducing the amount of damage from electrical hazards. Secondly, strict government regulations related to vehicle safety are inhibiting growth. On the other hand, a growing environmental consciousness and the increasing need for innovative infotainment systems are fueling growth. However, despite these challenges, the future scope of this industry is bright.
In addition to addressing the immediate challenges facing automotive manufacturers, automotive electronics manufacturers need to be proactive in driving their supply chain forward. To make sure that their supply chain remains lean, automotive OEMs need to act more like smartphone makers. They must develop their supply chains, map them, and look beyond current shortages to ensure their future growth. Further, according to Hogan and Tier 1 suppliers, the automotive industry will make up more than 50% of the cost of vehicles by 2030 – a 15% increase over the 2010 level.
Digitalization of vehicles will increase as consumers turn to personal automobiles. Connected features like GPS navigation, digital keys, and Wi-Fi hotspot will increase their demand in the coming years. Voice recognition and virtual assistant will grow as popular features in the near future. Gesture control and personalization will also see an increase in demand. A new industry, e-cars, will be able to connect with consumers and help them stay connected.
