LAS VEGAS--(BUSINESS WIRE)--Taiwan External Trade Development Council (TAITRA) announces Taiwan’s dynamic auto parts sector poised for new successes as global demand rises for smart-enabled auto products, services and solutions that comprise the "Internet of Vehicles".
By 2016, it is expected about 90% of all new cars be equipped with wireless-communication equipment or V2V (vehicle to vehicle) communication devices. Taiwan is already moving in this direction, buoyed by robust government support and collaboration between manufacturers and research institutes. Taiwan Excellence Award winning brands are at the forefront of this fast-growing sector and will showcase their most cutting-edge products to US market from November 3-5 at AAPEX (Booth 10834) in Las Vegas:
- Advantech: fully Integrated In-Vehicle Computing Box, comprehensive system integration, hardware, software, customer-centric design services, and global logistics support.
- Eagle Eyes: covers 100% automotive lamps, including head, rear, corner, side, bumper, fog, and center high mounted stop lamp.
- Eclatorq: Mini Digital Torque Wrench, incorporates signal-sensing, data-processing and LCD data-display. It allows users to set torque in different modes, store previous torque data, and convert measurement units.
- E-lead: Smart HUD-Head Up Display, through EMC, resistance to moisture, static discharge, heat, dust, and shock are tested through real vehicle operation simulation.
- Federal Corporation: Couragia XUV All Season Touring Tire, designed for exploration under any weather condition.
- Holux: 2-in-1: Car Navigator + driving vehicle recorder, featuring 7" High resolution LCD touch screen and 720p HD video recording and playback.
- Mitac: Mio Digital Video Recorder, dash cam integrated GPS with 2nd SD card for extended backup.
- Orange Electronic: Tire Pressure Monitoring Systems, also the winner of Best New Product Award in US SEMA show, racing sports: Renault Formula, Formula Nippon, Ferrari C1 super cup, F3 Japan, D1 Grand Prix Professional Drift series, LE-MANS 24hr.
- TYC Brother Industrial Co.: Adaptive Front Lighting System, exceeds all customers’ expectations globally in terms of quality and performance
Taiwan has a strong foothold in the global auto parts market supplying 80% to 90% lamps, bumpers, rubber and plastic parts of global aftermarket. Taiwan also supplies 90% of the world’s collision parts, auto metal plates and back mirrors. Furthermore, Taiwan is No. 1 globally in mold manufacturing technology, quantity and quality.
Taiwan’s greatest advantages as a maker of auto parts is its comprehensive supply chain, characterized by extensive center-satellite systems and seamless integration between factories. This system, bolstered by a wide network of clusters strategically placed island wide, ensures production flexibility, a diversified product range and low production costs. There are currently around 2,800 auto parts and accessories makers in Taiwan, with around 300 of them providing original equipment.
Meanwhile, Taiwan’s ICT acumen is increasingly playing a larger role in interactive automobile systems, thus boosting cooperation between traditional auto parts makers and technology giants, who see an opportunity for diversifying their business in the emerging smart vehicles sector.
Taiwan’s exceptional high-tech R&D capabilities are being deployed globally with the introduction of many telematics devices, from traditional GPS systems to TFT displays, front collision warning systems, CMOS cameras, engine control units (ECU), personal navigation devices (PNDs) or head-up displays (HUDs).
According to Taiwan Transportation Vehicle Manufacturers Association, the total output of Taiwan’s auto components industry in 2014 amounted to US$6.6 billion, up about 5% from the previous year. The United States was the top destination of Taiwanese auto parts with a share of 40.79%, followed by Japan, China, UK and Australia.
Prospects for 2015 are bright. The North American market will likely continue growing, while low fuel prices will stimulate new car purchases around the world and allow drivers to take their vehicles longer distances, thereby boosting demand for aftermarket parts.
Taiwan Excellence award-winning companies have contributed significantly to Taiwan becoming a global leader in the emerging smart vehicle segment, which is an initiative of Taiwan’s Ministry of Economy Affairs through the Bureau of Foreign Trade (BOFT), and carried out by the TAITRA.
TAITRA was founded in 1970 to promote Taiwan’s foreign trade and competitiveness in world markets. TAITRA has played a key role in development of Taiwanese economy. TAITRA is jointly sponsored by the government and commercial associations and is viewed by all as the business gateway to Taiwan. Please visit http://www.taiwantrade.com.tw/ for more information.
Taiwan Excellence Award was launched in 1993 as the highest accolade to products that encapsulate the importance of innovalues. Winners not only represent the most revolutionary, highest quality, products made by Taiwan, but also epitomize Taiwan’s unique genius in using innovation to create added value in the design and manufacturing of leading-edge products. Please visit http://www.taiwanexcellence.org/ for more information.