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Automotive Communication Technology Market Development Insight and Manufacturers Challenge Competit

Automotive Communication Technology Market Development Insight and Manufacturers Challenge Competit According to Stratistics MRC, the Global Automotive Communication Technology Market is accounted for $5.22 billion in 2017 and is expected to reach $24.39 billion by 2026 growing at a CAGR of 18.7% during the forecast period. BriefingWire.com, 4/08/2021 - According to Stratistics MRC, the Global Automotive Communication Technology Market is accounted for $5.22 billion in 2017 and is expected to reach $24.39 billion by 2026 growing at a CAGR of 18.7% during the forecast period. Factors such as rising contribution of electronic systems in passenger cars, government mandates and industry norms to reduce emission and improve the safety of vehicles are fuelling the market growth. However, more complexity and less reliability of electronics architecture are hampering the market.

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