1 Automotive Technology Industry Overview
Description: 1 Automotive Technology Industry Overview Automotive Technology Industry Overview Market size globally and Growth historical and projected Leading regionscountries 17.4 Commentary on market size and growth Commentary on countries Sources:
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slide1. 1 Automotive Technology Industry Overview<br>
slide2. Automotive Technology Industry Overview Market size globally and Growth historical and projected Leading regions/countries 17.4% Commentary on market size and growth Commentary on countries Sources: Precedence research (Automotive software market size and reginal breakdown), Technavio (Automotive Technologies market share and regional breakdown) Rising adoption in ADAS (advanced driver-assistance system:) features in vehicles is notably driving the automotive technologies market growth, although factors such as lack of standard protocols may impede the market growth The application software segment accounted market share of ~43.5% in 2021 The internal combustion engines (ICE) passenger car segment hit revenue share of 25% in 2021 Advanced driver assistance systems (ADAS) & safety systems segment accounted 22.5% revenue share in 2021 and size was reached at $5.45bn in 2021 APAC has emerged as the largest market up till now due to the increasing demand for advanced softwares and systems
Has market share of ~45.5% in 2021 and accounted value $11.2bn in 2021
China, Japan, South Korea, and India are the key countries that are expected to drive the growth of the connected car market North America region is growing at a CAGR of 21.3% over the forecast period
The existence of the key market players and the rapid R&D programs carried out by them have emerged as a major growth factor for the growth of the automotive software market during the forecast period 2 APAC North America<br>
slide3. Ministry of Transport, Ministry of Industry & IT, and Ministry of Public Security jointly promulgated into law the “Administrative Measures for Road Testing & Demonstration Application for AV
In 2022, China’s Ministry of Industry and Information Technology issued the Guidelines for the Construction of the Internet of Vehicles Cybersecurity and Data Security Standard System In 2022, a new amendment to Japan’s Road Traffic Act was published and introduced a permission system for Level 4 AVs and loosened regulations for riders of electric kick scooters In 2022, Federal vehicle safety regulators have cleared the way for the production and deployment of truly driverless vehicles that do not include manual controls such steering wheels or pedals In 2022, launched Vehicle General Safety Regulation to install ADAS in all vehicles sold in the EU in order to improve road safety
The Commission is planning to adopt new technical rules for automated and connected vehicles Automotive Technology Industry Overview Technology innovations/dynamics Policy/regulation as growth driver Sources: CNBC, Mashable, Lexology, Failory and Apps Run The World (completion), StartUs Insights (Technology trends) The lack of standard protocols is one of the factors hampering the automotive technologies market growth Key companies worldwide In 2022, The Minister for Transport of Singapore stated that the timeline for the deployment of AVs in Singapore is dependent on the progress of AV technology in meeting safety standards and gaining public acceptance, within our local context In 2022, The Law Commission for England and Wales and the Scottish Law Commission released its joint report with recommendations for a new legal framework on regulating AVs in the UK
The AV Report seeks to further differentiate “self-driving” and driver assisted technologies by proposing a new system of accountability for self-driving vehicles 3<br>
slide4. Automotive Technology Industry Overview PE and VC funding trend (last 2-3 years) Overview of PE/VC transactions (last 6 years) Overview of buyer type and top PE/VC firms Top 5 PE/VC backed deals in automobile and EV worldwide 35 46 88 95 111 176 151 50 54 56 58 43 58 49 EV Automobiles EV - # of deals Automobiles - # of deals New Platforms - # of deals Add – on acquisitions - # of deals * Top PE/VC firms Strategic-Public Strategic-VC/No Backing Strategic-PE Backed Financial Buyer SPAC/Reverse Merger Sources: S&P, Capstone Partners, * Lead Investors 4 # of deals in last 5 years 500+ 187 # of deals in 2021 109 # of deals in 2020 Deals overview Segment focus AutoTech & Transportation Software Autonomous Driving & Connected Car<br>
slide5. Automotive Technology Industry Overview Major M&A transactions (last 3 years) Sources: Mergermarket and FactSet (2022); Realwire (2021), Lucintel (2020); * Acquired Veoneer Active Safety business * 5<br>
slide2. Automotive Technology Industry Overview Market size globally and Growth historical and projected Leading regions/countries 17.4% Commentary on market size and growth Commentary on countries Sources: Precedence research (Automotive software market size and reginal breakdown), Technavio (Automotive Technologies market share and regional breakdown) Rising adoption in ADAS (advanced driver-assistance system:) features in vehicles is notably driving the automotive technologies market growth, although factors such as lack of standard protocols may impede the market growth The application software segment accounted market share of ~43.5% in 2021 The internal combustion engines (ICE) passenger car segment hit revenue share of 25% in 2021 Advanced driver assistance systems (ADAS) & safety systems segment accounted 22.5% revenue share in 2021 and size was reached at $5.45bn in 2021 APAC has emerged as the largest market up till now due to the increasing demand for advanced softwares and systems
Has market share of ~45.5% in 2021 and accounted value $11.2bn in 2021
China, Japan, South Korea, and India are the key countries that are expected to drive the growth of the connected car market North America region is growing at a CAGR of 21.3% over the forecast period
The existence of the key market players and the rapid R&D programs carried out by them have emerged as a major growth factor for the growth of the automotive software market during the forecast period 2 APAC North America<br>
slide3. Ministry of Transport, Ministry of Industry & IT, and Ministry of Public Security jointly promulgated into law the “Administrative Measures for Road Testing & Demonstration Application for AV
In 2022, China’s Ministry of Industry and Information Technology issued the Guidelines for the Construction of the Internet of Vehicles Cybersecurity and Data Security Standard System In 2022, a new amendment to Japan’s Road Traffic Act was published and introduced a permission system for Level 4 AVs and loosened regulations for riders of electric kick scooters In 2022, Federal vehicle safety regulators have cleared the way for the production and deployment of truly driverless vehicles that do not include manual controls such steering wheels or pedals In 2022, launched Vehicle General Safety Regulation to install ADAS in all vehicles sold in the EU in order to improve road safety
The Commission is planning to adopt new technical rules for automated and connected vehicles Automotive Technology Industry Overview Technology innovations/dynamics Policy/regulation as growth driver Sources: CNBC, Mashable, Lexology, Failory and Apps Run The World (completion), StartUs Insights (Technology trends) The lack of standard protocols is one of the factors hampering the automotive technologies market growth Key companies worldwide In 2022, The Minister for Transport of Singapore stated that the timeline for the deployment of AVs in Singapore is dependent on the progress of AV technology in meeting safety standards and gaining public acceptance, within our local context In 2022, The Law Commission for England and Wales and the Scottish Law Commission released its joint report with recommendations for a new legal framework on regulating AVs in the UK
The AV Report seeks to further differentiate “self-driving” and driver assisted technologies by proposing a new system of accountability for self-driving vehicles 3<br>
slide4. Automotive Technology Industry Overview PE and VC funding trend (last 2-3 years) Overview of PE/VC transactions (last 6 years) Overview of buyer type and top PE/VC firms Top 5 PE/VC backed deals in automobile and EV worldwide 35 46 88 95 111 176 151 50 54 56 58 43 58 49 EV Automobiles EV - # of deals Automobiles - # of deals New Platforms - # of deals Add – on acquisitions - # of deals * Top PE/VC firms Strategic-Public Strategic-VC/No Backing Strategic-PE Backed Financial Buyer SPAC/Reverse Merger Sources: S&P, Capstone Partners, * Lead Investors 4 # of deals in last 5 years 500+ 187 # of deals in 2021 109 # of deals in 2020 Deals overview Segment focus AutoTech & Transportation Software Autonomous Driving & Connected Car<br>
slide5. Automotive Technology Industry Overview Major M&A transactions (last 3 years) Sources: Mergermarket and FactSet (2022); Realwire (2021), Lucintel (2020); * Acquired Veoneer Active Safety business * 5<br>