October 1, 2022California Governor Gavin Newsom signed a Bill authorizing digital replacements for conventional license plates, stickers, tabs, and registration cards. The digital license plate is now available to all 36 million vehicles registered in the state.
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September 29, 2022
Digital license plates are approved in Michigan, adding to previous approvals in Colorado, California and Arizona. Approval has been granted in Texas for commercial vehicles. A bill has been filed in New Jersey and passed the first committee.
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April 22, 2022
Colorado Governor Jarod Polis approved HB22-1162, authorizing the use of digital license plates in lieu of metal number plates.
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$235 billion
The global automotive electronics market is estimated at $235bn.
72 billionAbout 72bn motor vehicles are produced worldwide.
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9% growth 2021 saw a 9% sales growth in light vehicles globally.
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$35 billionIn 2020, the total market for automotive semiconductors was around $35 billion.
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In 1970, about 5% of a vehicles total car costs was attributed to electronics as a percentage of the total car cost worldwide.
It is estimated by 2030 that this will increase to 50%.
It is estimated by 2030 that this will increase to 50%.
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Infineon, NXP, and Renesas were the leading automotive semiconductor manufacturers worldwide in 2020. Infineon's market share was estimated at around 13.2 percent. Texas Instruments were the fourth highest with 8.7% of the global market.
In 2019, the Germany-based Robert Bosch GmbH company, headquartered in Stuttgart Germany, sold automotive parts to the value of around $46.6 billion. Bosch ranks among the world's largest suppliers of automotive components. Top aftermarket automotive supply companies after Bosch are Denso Corporation (Kariya, Japan), Magna International (Ontario, Canada), Continental AG (Hanover, Germany) ZF Group (Friedrichshafen, Germany), Aisin Seiki (Aichi, Japan) and Hyundai Mobis (Seoul, South Korea). At a compound annual growth rate (CAGR) of 9%, the market size for automotive front-end modules is projected to increase from $ 93.28 billion in 2020 to $ 103 billion in 2024. Automotive front end module (FEM) is a pre-assembled unit consisting of components that are typically found at the front of a vehicle, such as the bumper, grille, headlamps, and other components. The size of a FEM can vary based on the vehicle for which it is intended.
In 120 years there has been a tremendous evolution of what is arguably two of the three most important elements of the automobile, the car itself and the key – but what happened to the license plate? Why are we still seeing a 12” by 6” piece of metal or plastic fastened to the front and/or back of such high-tech vehicles?
Click here for more. In 1970, about 5% of a vehicles total car costs was attributed to electronics as a percentage of the total car cost worldwide. It is estimated by 2030 that this will increase to 50%. (Statista) Automobile technology has continuously advanced, with electronics and digitalization making the driving experience progressively easier and safer. Today’s vehicles at all price points are packed with electronics, from anti-lock braking systems and stability control programs, to lane assist systems blind spot detection and parking assistance.
Since its emergence in the 20th century, the electronics sector has been providing equipment, devices, and components to make technological advancements possible. Automation in industrial production and the ‘Industrial Internet of Things’ are among the key trends in the electronics industry, as today’s world is increasingly relying on technology. The electronics industry is predominantly a business-to-business industry, offering the building blocks on which many other modern industries stand: e-commerce, consumer electronics, and the manufacturing sector, to name only a few, all rely on electrical components. The key markets include China, the United States, Japan, South Korea, and Germany. Automotive electronics include semiconductors (chips), sensors, engine management, ignition, carputers*, and infotainment systems. The importance of automotive electronics has been growing in recent years, marking the transition from mechanical to electronic systems in the industry. The main drivers of this rise in electronics usage in cars are the broader trends of connectivity and automation.
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*A carputer, derived from the words "car" and "computer", is a mobile computer that is designed for automobiles. Most carputers are built through desktop PC tools from smaller form factors. The first carputers were used for playing music and movies, Internet connection, and navigation. Carputer uses also include smart technologies like GPS, Bluetooth and touchscreen interfaces. A carputer is also known as a Car PC. (Techpedia)
"I can envision digital license plates becoming standard equipment around the world." Kwame Anku, CEO BlackStar Fund. Black Star, known primarily for taking stakes in early stage tech companies founded by African Americans, cited Reviver's digital license plate solution as an "industry-changing technology with the potential to affect tens of millions of people on the planet."
CLEARink CEO Gene Feng has commented “Digital license plate sounds like a really cool concept, and I can see it being phased in not only in US and UK, but also all other countries as well.”
It's time for license plates to catch up with the rest of the motor vehicle technology.
Revolutionize Your Ride! With the TekPlate™ Digital License Plate 
Coming to your state soon!
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