Monday, December 23, 2024

IDTechEx Research Finds Semiconductors for Automated Driving Will Grow at a 10-Year CAGR of 29%

IDTechEx’s new “Automotive Semiconductors 2023-2033” report provides a deep dive into the existing and emerging semiconductor technologies used in vehicles. The report focuses on the areas of automation and electrification, explaining what semiconductor technologies are needed and how their growth is going to drive a 10-year CAGR of 9.4% in the automotive semiconductor market. However, semiconductors for automation will grow even faster. IDTechEx’s research finds that semiconductors for ADAS (advanced driver assistance systems) and autonomy will grow at a 10-year CAGR of 29%. As such, autonomy will be a boon for the automotive semiconductor industry and here are three reasons for that growth.

Also Read: eDRV Raises Seed Round to Accelerate An Interconnected EV Charging Ecosystem

Automated Vehicles Are Coming

This might even be an understatement. The industry has been guilty of saying that autonomous vehicles are just around the corner for some time, but in some ways, they are already here. Just last month, the Mercedes S-Class got SAE level 3 certification in the US, following its certification in Germany in 2022. This has huge significance as the S-Class tends to be the trendsetter in the automotive industry, and IDTechEx is confident that level 3 technologies will trickle down through vehicle price points over the next decade. Even level 4 vehicles now have an established presence in some cities. In Phoenix, Arizona, anyone can use Waymo’s completely driverless robotaxis, providing the route and end destination is within select geofenced regions. Autonomous vehicles are not coming; they are here and bring more sensors, more computers, and more semiconductor demand.

More Sensors Using More Advanced Technologies

Not only will autonomous vehicles bring more sensors to vehicles, but they will also require higher-performing sensors with more expensive and more advanced semiconductor technologies. Radar, for example, has previously used quite mature 90nm SiGe BiCMOS technologies, but demand for better performance means that the next generation, 4D imaging radars will be adopting Si CMOS technologies with nodes of 40nm and less. As the node size drops, these radars gain performance, but they will also be gaining cost.

SOURCE: PR Newswire

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