the rapidly evolving nature of automotive technology requires continuous innovation and adaptability indian automotive manufacturers need access to cuttingedge semiconductors for electric vehicles advanced driverassistance systems and other smart featuresin recent years the automotive sector has undergone a remarkable transformation driven primarily by technological advancements the automotive sector is no longer just about mechanical engineering and traditional manufacturing instead it is experiencing a digital revolution that is redefining mobility in terms of shared mobility connected mobility and smart mobility this revolution has its roots in the evergrowing integration of cuttingedge technologies particularly semiconductors modern vehicles have transformed into highly sophisticated electronic devices blending artificial intelligence sensors communication systems and computing power to enhance safety efficiency and user experience advt advanced automotive electronics have emerged as the driving force behind the rapid technological advancements in the automotive sector these tiny electronic components are the backbone of automotive electronics empowering various critical systems such as advanced driver assistance systems adas infotainment sensors clusters antennas powertrains and battery management systems with their incredible processing capabilities semiconductors have enabled vehicles to achieve different levels of autonomy from level 1 driver assistance to level 5 full automation as well as improve their efficiency in terms of co2 emissions or fuel economyaccording to a report by mordor intelligence the global automotive semiconductor market is expected to grow from usd 7162 billion in 2023 to usd 14052 billion by 2028 at a cagr of 1443 during the forecast period 20232028 the report also states that asiapacific is the largest and fastestgrowing market for automotive semiconductors owing to the increasing demand for vehicles especially electric vehicles in countries like china india japan and south korea this amply highlights the crucial role semiconductors are going to play in determining the course of the growth charted by the indian automotive industry advt automotive semiconductorsthe indian semiconductor market was valued at usd 3442691 million in 2023 and is anticipated to grow at a cagr of 2432 there has been remarkable progress in automotive semiconductors in india the relentless pursuit of miniaturization energy efficiency and performance optimization has led to the development of highly specialized chips tailored to automotive applicationsadvanced finfet and 3d packaging technologies such as tsmcs n5p or samsungs xcube have allowed for more transistors to be integrated into smaller spaces increasing processing power while minimizing energy consumption moreover automotivegrade semiconductors are designed to withstand harsh environments including extreme temperatures humidity and vibration this resilience is critical for ensuring the reliability and longevity of electronic systems in vehicles thus enhancing safety and reducing maintenance costs electrification and semiconductorsthe automotive sector is experiencing a paradigm shift towards electrification with electric vehicles evs emerging as a sustainable and ecofriendly solution in this context semiconductors play an indispensable role in the efficient functioning of electric drivetrains battery management systems and charging infrastructurepower electronics based on advanced widebandgap semiconductors like silicon carbide sic and gallium nitride gan have dramatically increased the efficiency of ev drivetrains by up to 30 extending the driving range by