Automotive electronics market to cross $18 bn by 2027: Repor

Automotive electronics market to cross $18 bn by 2027: Report


Automotive electronics market to cross $18 bn by 2027: Report
The automotive electronics sales are expected to triple during the period (from $6 billion in 2020), according to a report by Counterpoint
Head-up display (HUD), blind-spot monitoring system, auto-dimming mirror, advanced driver assistance systems (ADAS) and automatic transmission features remain mainstream features for premium segment cars
PTI
Updated Jul 21, 2021, 10:53 AM IST
India's automotive electronics market is expected to cross $18 billion by 2027 with a compound annual growth rate (CAGR) of 17 percent, driven by rising income levels and increasing customer preference for in-vehicle digital experience, a report by Counterpoint said on Tuesday. The automotive electronics sales are expected to triple during the period (from $6 billion in 2020), it said.

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