Shanghai, August 26 (Gasgoo.com) Taiwan's economic planner intends to seek greater development of its automotive electronics industry, EE Times reported recently.
The department of economic affairs said it is launching a program called "Project to Establish Indigenous Technology for the Automobile Industry" to support development of auto projects focusing on safety, information systems and navigation.
The island's government also is supporting development of RFID service modules for the auto industry as part of a demonstration auto supply chain project. The project will also focus on telematics systems, auto lighting, LED headlights, parking systems and tire pressure monitoring systems.
Taiwan currently has about 2,000 companies serving the auto electronics market, and hopes to expand its supply of auto electronics to major car manufacturers around the world. To aid in this expansion, the local government has identified segments of the industry where investment is needed, the planner said.
The booming mainland auto market is a key regional focus of the Taiwan auto electronics development. Industry analysts said growing consumer demand in mainland China has helped fuel a global automotive recovery.
Taiwan's auto electronics production is estimated to triple by 2015 to more than US$9 billion annually as demand in mainland China and other Asian markets surges.
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