The safety and emission regulations will boost the market of the components and devices connected in the vehicle to ensure monitoring and notification of the emission of vehicles complying with the regulations established by the government. They require increasingly powerful semiconductors to ensure vehicle performance is in compliance. Therefore, the above reason, in turn, is helping the automotive semiconductor market to grow during the planned period of 2016-2024.
In addition, vehicle standards such as the New Vehicle Assessment Program (NCAP), which gives safety ratings to new vehicles manufactured as stars, They are driving car manufacturers to provide more and more electronic components to provide more safety and security systems for the vehicle. Getting the highest level of five stars can act as a strong selling point for vehicles. Its achievement is based on complex and sophisticated assisted driving systems that require significant semiconductor content for these systems to work.
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