Automotive Electronics Industry Analysis and Forecast Report, 2016 to 2024

The automotive industry is changing rapidly with increasing demand for safety and features from consumers are expected to drive the automotive electronics market in future. Emergency call system, accident data recorder system, and alcohol ignition interlocks are some of the technologies examples which are expected to stimulate market growth. Integrated electronics are becoming a vital part of the industry, with classy electronic circuits, actuators, motors and sensors becoming a crucial part of the system. Approximately 60%%%% of the cost of car cost comprises of the automotive electronic system. New technology such as driver assistance system and collision avoidance system gives an advantage by installing GPS enabled system in automotives.