The global production of vehicles will increase 20.1% over the next 3 years with a 3.8% year-on-year growth. The growth is forecast across all product segments and regions with the strongest demand coming from the emerging markets in Asia and East and Central Europe.
The automotive electronics industry consists of four major sectors, wire and cable harness, automotive electronics, engine and powertrain and safety and warning systems. The industries most representative products are airbag igniters, engine control units, tire pressure monitor systems, vehicle stability control systems and adaptive cruise control units.
Electronically enabled features continue to be the catalyst for growth in the automotive industry. 9 to 11% of the vehicle manufacturing cost is devoted to electronic content. The increasing Asian automobile manufacturing industry and the high demand for premium automobile features such as parking assist, automatic light systems, and navigation systems are the main drivers for this development. It is also evident that stricter fuel economy and emissions standards, greater emphasis on safety and the increase in consumer demands for convenience and comfort are driving this trend.
To operate at the leading edge of technology, Atotech's worldwide OEM teams stay in constant and close contact with the market leaders on the PCB, EMS and OEM level for the automotive industry to fulfill their present and future needs and align Atotech's research and development program accordingly.
Thereby, Atotech's main objective is to focus on providing global, cost-effective processes and system solutions to key customers such as those for example in the automotive industry.
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