Tag Archives: Automotive Electronics

Automotive Electronics Market is Estimated to Attain more than $290 Billion by 2024

The global Automotive Electronics Market is estimated to be valued more than USD 290 billion by 2024. Rising premium audio system and advanced driver assistance system demands are the key factors anticipated to augment the market growth. Accident recorder systems, emergency call systems, and alcohol ignition interlocks are the technologies that are said to boost the growth in the near future. In addition, rising trend of in-vehicle infotainment is also likely to help boost the market. High complexity levels and lacking awareness about the overall subsystems’ understanding may hinder the growth. The global automotive electronics market is divided into applications and regions.

Automotive Electronics Market 2017 Trends, Size, Growth Drivers, Opportunities & Forecasts 2022

Researchmoz added Most up-to-date research on “Automotive Electronics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” to its huge collection of research reports.

The global automotive electronics market will likely clock a CAGR of 7.4% for the forecast period between 2017 and 2022. At this rate, the market which is estimated to be worth US$3,530.7 mn in 2017 will further rise to be valued at US$5,048.9 mn by 2022-end.