Worldwide Automotive Electronics Industry to 2026 - Featuring Omron, Robert Bosch and Infineon Technologies Among Others
Share this article Share this article ResearchAndMarkets.com's offering. The global automotive electronics market reached a value of US$ 205 Billion in 2020. Automotive electronics are employed in both on-road and off-road vehicles such as trucks, tractors, forklifts, excavators, motorcycles, and hybrid and electric cars. They are primarily used in the functioning of electronic fuel injection, driver assistance and infotainment system to improve the efficiency of the vehicle. For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes and electronic car securit...