TECHGuru

  Global Automotive Electronics Market: Snapshot The global automotive electronics market is a competitive one with the presence of a multitude of established players, and the influx of new participants is likely to intensify the competition. Existing players are pouring money into research and development to introduce newer products that will help them sustain the competition. Majorly fuelling the global  automotive electronics market  are rising safety considerations, demand for high-end electronics for navigation, information, and entertainment, and the rising popularity of electric and hybrid vehicles due to environmental considerations. As per a report by Transparency Market Research, 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. Mid-sized Passenger Car Veh...