Automotive Communication Technology Market Key Players Microchip Technology, NXP Semiconductors, on Semiconductor, Qualcomm, STMicroelectronics, Infineon Technologies
The economy car segment is growing at the fastest rate in the automotive communication technology market and is projected to grow at a CAGR of over 16% over the forecast timeline. The major factors contributing to the market growth include the rising demand for vehicular safety from the economy class vehicle consumers and stringent government regulations for emission reduction. Hence, the economy car manufacturers are working with various automotive industry standards organizations to develop efficient networking solutions thereby meeting the...
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