India, Aug. 26 -- indie Semiconductor, an automotive solutions innovator, has signed a definitive agreement to acquire emotion3D GmbH, a Vienna, Austria-based specialist developer of advanced perception algorithms and software for in-cabin sensing, advanced driver assistance systems (ADAS) and automated driving.

According to McKinsey, automotive software will represent a $83 billion total market value in 2030 (automotive semiconductors will be $135 billion), with a 2019-2023 CAGR of greater than 9%. ADAS and automated driving software will comprise over 50% of this total, marking a significant incremental revenue opportunity for automotive semiconductors.

As global automotive regulation and new car assessment programs evolve to make dr...