WELCOME TO ROUND TABLE 4.O

Automotive OEMs are looking for new growth opportunities by enhancing car performance and users’ interaction with the vehicle. Efforts are underway to make vehicles more ‘intelligent’ and allow them to interact with the external ecosystem, thereby providing information on the road and traffic, and weather conditions etc., which the driver may find useful. These developments indicate coming advancements in automotive electronics technology and the current 40 % share that automotive electronics have in the overall make up of a modern vehicle is only set to increase in the coming years.

India is expected to become the 3rd largest manufacturer of automobiles in the world after US and China, by 2020. The automotive components sector in India is presently estimated at $ 38.5 bn. The market for auto electronics has also grown rapidly and is estimated to reach $ 18.5 billion in 2018. Studies say that the market is primarily driven by factors such as developments in safety, connectivity, performance and emissions regulations. The coming of autonomous vehicles and BEVs is also expected to help increase the pace of development in this area.

The Government of India is also trying to create a conducive environment for manufacturing automotive electronics components in the country through its ‘Make in India’ campaign. In fact, up to 100 % FDI now is allowed in the Electronics Systems Design & Manufacturing (ESDM) sector.

In this continuously expanding automotive electronics market, Auto Tech Review is organizing a full day conference to discuss various opportunities and trends in the automotive electronics market.