Automotive Electronics Industry Report 2025: $641.7 Bn Market Opportunities, Growth Drivers, Industry Trend Analysis, and Forecasts 2021-2034 [Yahoo! Finance]
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Source: Yahoo! Finance
Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. The Automotive Electronics Market was valued at USD 283.8 billion in 2024, and is projected to reach USD 641.7 billion by 2034, rising at a CAGR of 8.6% The growth is driven by the increasing adoption of electric vehicles, rising demand for Advanced Driver Assistance Systems (ADAS), and supportive government regulations. As the number of electric vehicles continues to rise, the need for automotive electronics is escalating, especially with the growing trend of connected cars. Modern vehicles integrate complex electronic systems, including anti-lock braking systems (ABS), electronic brakeforce distribution (EBD), and advanced cabin comfort solutions. This evolution presents an opportunity for manufacturers to innovate and enhance electronic components for safer and more efficient vehicles. Automotive electronics focus on the development of electrical and electronic systems designed
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