Semiconductors world driving the Automobiles

Semiconductors now  have enabled most of the recent innovations in automotive technology, including vision-based, enhanced graphics processing units (GPUs) and application processors, sensors, and DRAM and NAND flash.

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Pic Courtesy: 
EL Times 

As cars become even more complex, demand for automotive semiconductors will continue to rise steadily and provide a major new long-term growth engine. 

The main focus goes towards the Vehicle electrification which is Excluding full hybrids—cars that can run using just battery power—EVs .

It has also enhance the increase in  connectivity. With hands-free mobile service and online navigation now standard in most new vehicles, automotive players have moved to the next wave of innovation in connected cars.

It also  include telematics services that rely on human–machine interfaces, including voice assistance (such as turn-by-turn audio instructions) and eCall (a program that prompts vehicles to make automatic calls to emergency services in the event of a crash).

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it also has Shared mobility services. While car-ownership rates have been increasing in developed markets, they are expected to slow or remain flat with the rise of shared mobility services and the rapid growth of car-sharing and e-hailing services such as car2go.

source : mckinsey


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