Automotive Electronics Market Size to Hit US$ 640.5 Bn by 2030
March 04, 2021 20:00 ET
| Source:
Precedence Research
Precedence Research
Pune, INDIA
The automotive electronics market size is predicted to hit around US$ 640.56 billion by 2030, with a CAGR of 7.64%, according to new study by Precedence Research.
OTTAWA, March 04, 2021 (GLOBE NEWSWIRE) -- The global
automotive electronics market size was accounted US$ 255.98 billion in 2020, as per research analyst. Automotive electronics are designed electronics dedicated to utilize in automobiles. Automotive electronics are systems employed in vehicles such as ignition, engine management, radio, carputers, in-car entertainment systems, and telematics among others. Engine, transmission and ignition electronics are also found in motorcycles, trucks, off-road vehicles, and other internal combustion powered machinery including tractors, excavators and forklifts. Associated elements for control of pertinent electrical systems are also observed in electric cars and on hybrid vehicles.