In response to a latest report by NITI Aayog, the common price of semiconductor chips in automobiles is projected to rise from $600 to $1,200 by 2030. This improve is attributed to the rising integration of superior applied sciences in vehicles, comparable to electrical powertrains, Superior Driver Help Methods (ADAS), Web of Issues (IoT) connectivity, and autonomous driving capabilities. As automobiles change into extra related and clever, the demand for stylish semiconductor chips escalates, resulting in increased prices.
This pattern signifies a broader transformation within the automotive business, shifting from conventional fuel-based automobiles to electrical automobiles (EVs) geared up with next-generation options. The incorporation of those applied sciences necessitates extra advanced and costly semiconductor parts, thereby growing the general price per car. The report underscores the pivotal position of electronics and semiconductors in trendy automobiles, highlighting the necessity for the automotive sector to adapt to those technological developments.
As India positions itself as a big participant within the international semiconductor market, this growth presents each challenges and alternatives. The rising demand for high-tech parts in automobiles underscores the significance of strengthening home semiconductor manufacturing capabilities to fulfill future wants.
