LYON, France – January, 2019 | “The automotive industry is facing a downturn in car sales – this is accepted reality,” asserts Santosh Kumar, Principal Analyst and Director Packaging, Assembly & Substrates, Yole Korea. “The industry’s difficulties are partly linked to the political tension between China & USA, Brexit and the severe ecological regulations in Europe”.
These occurrences are global drivers that the automotive industry cannot predict or control but must live through. The trend is expected to recover in 2020. Though events occurring in 2020 may influence this trend in either direction. This situation worries the automotive industry and pushes them to take drastic steps. Audi, Daimler, Ford and others have announced job cuts. According to these companies, the main reason behind the cuts is to gather funds for their future projects (electrification and autonomy), but they are also a consequence of their difficulties. These measures will support their transition to autonomous electrical vehicles amid stringent CO2 emission regulations requiring high investments.
Yole Développement (Yole) and its advanced packaging team are pleased to deliver today a snapshot of the automotive industry with a special focus on advanced packaging. Based on its technology & market analyses, Automotive Packaging: Market and Technologies Trends and Status of the Advanced Packaging Industry, in addition to numerous debates with leading automotive and advanced packaging companies and presentations at key international trade shows and conferences, analysts reveal the status of the industry today and its evolution.