Automotive Electronics Market Is Expected to Grow at a CAGR of 4.5% by 2023
The growth in automotive industry directly translates into increasing demand in the automotive electronics market. Moreover, technological advancements such as electrical active suspensions and power trains for electric vehicles and heavy investments are helping the automotive electronics market, grow. Additionally, automotive electronics also provides front lighting system and driver assistance systems are also anticipated to amplify industry demand. Rising trend of in-vehicle infotainment is also likely to help boost the market growth. However, high complexity levels and lacking understanding of...
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