By T Murrali :
The dynamics of the automotive industry across the globe and in India has been struggling to comply with various new regulations on safety and environment. The focus has also been on Connected and Green mobility. Simultaneously the Internet of Things (IoT) has begun to play a major role in manufacturing. IT and software are employed to reduce development time of vehicles and to assist in data management, product lifecycle management and driver behaviour analysis.
In India, according to the notification by the Ministry of Road Transport & Highways (MoRTH), ABS will be mandatory for all cars to be sold from April 2019. (This deadline is applicable for all new cars. In fact carmakers were supposed to have ABS as standard offering on all models launched after 2018.) From July this year all cars should have driver-side airbag, speed warning system, seatbelt reminder for driver and co-driver, and rear parking sensors as standard fitment. Cars with central locking will also require a manual override. More stringent requirements for full-frontal impact, offset-frontal impact and lateral/side impact had been in force on all cars launched after October 1, 2017. The requirements will expand in scope and apply to all models on sale in India from October 1, 2019. Likewise, new norms for pedestrian safety (applicable for new models from October 1, 2018) will be enforced for all models from 2020. All these can be accomplished only with electronics driving the respective systems, making the global automotive electronics market to grow at 7.4 percent CAGR in the next five years. This is more so for India since a lot of electronic content is still imported.
According to Million Insights, a leading provider of market research news and reports, the automotive electronics market will grow rapidly owing to the rising demand for safety features like ABS and airbags in vehicles till 2025. The market is expected to display higher growth rate over the next seven years. Growing concern for the safety of passengers and driver has been driving the demand for advanced safety solutions to limit road fatalities, fostering market growth in the past few years. Globally, the automotive electronics market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and market development.
Moreover, it is estimated that in 10 years there will be 40 percent electronics and 25 percent software systems in an automobile. Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) are expected to gain momentum. These indications compel several systems and module suppliers to shift from making traditional mechanical-oriented parts to electronics and mechatronics, eventually fuelling the growth of automotive electronics.
This special section on Automotive Electronics features major players of electronics and software who offer solutions to the OEMs to overcome the legal and regulatory challenges.