自动驾驶行业报告：特斯拉引领新纪元，自动驾驶迎来新一轮投资机遇

Investment Rating - The report recommends a "Buy" rating for several companies in the semiconductor and automotive sectors, including Luxshare Precision, Weir Shares, and Zhaoyi Innovation [6]. Core Insights - The report highlights the acceleration of autonomous driving penetration, driven by Tesla's introduction of Robotaxi, with production expected to start in 2026 and mass production in 2027. If the Full Self-Driving (FSD) system receives approval in early 2025, Model 3/Y may experience autonomous driving capabilities sooner [12][17]. - The demand for automotive components related to autonomous driving is expected to increase significantly, particularly in areas such as camera systems, storage chips, wireless charging modules, System on Chips (SoCs), smart cockpits, and printed circuit boards (PCBs) [12][13][14][15][16]. Summary by Sections Autonomous Driving - The report notes that the demand for in-vehicle cameras will rise as the level of autonomous driving increases, with the number of cameras per vehicle expected to grow from 1 for L0 to 10-16 for L5. The trend is towards multi-camera systems with higher pixel counts, particularly 8M cameras [12][25]. - The global market for autonomous driving passenger vehicles is projected to grow at a CAGR of 6.5% from 2024 to 2028, with penetration rates increasing from 72.5% to 87.9% [22]. Storage Chips - The report indicates that the upgrade of storage bandwidth and capacity is driven by the enhancement of autonomous driving levels. For instance, DRAM is expected to transition from LPDDR4 to LPDDR5 and GDDR6, with GDDR6 offering bandwidth approximately nine times that of L1 [13][30]. - The value of automotive storage chips is projected to increase from 8% in 2023 to 10-11% by 2028 [30]. Wireless Charging Modules - Wireless charging technology is seen as a potential solution for the challenges of autonomous vehicle charging. Tesla has submitted patents for magnetic resonance charging technology, which could replace traditional charging methods as costs decrease [14]. System on Chips (SoCs) - The shift from distributed ECU architecture to centralized domain controller architecture is expected to drive demand for SoCs, with the global and Chinese automotive SoC market projected to grow at a CAGR of 27% and 28% respectively from 2024 to 2028 [14]. Smart Cockpits - The smart cockpit market is anticipated to grow at a CAGR of 10% globally and 12% in China from 2022 to 2025, with China leading in penetration rates by 11 percentage points above the global average [15]. Printed Circuit Boards (PCBs) - The report forecasts that the proportion of automotive electronics in overall vehicle costs will reach 50% by 2030, driving the demand for PCBs. The CAGR for HDI boards is expected to be 16.5% from 2022 to 2028, outpacing the overall PCB growth rate of 7.1% [16].