Global Automotive Electronics Market 2012-2016
Global Automotive Electronics market to grow at a CAGR of 3.31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for entertainment devices. The market has also been witnessing a growth through integration of electronics in vehicles. However, decreased investment in automotive electronic devices due to its high cost could pose a challenge to the growth of this market.
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