Positive Trends in Automotive Electronics Market Growth: Increasing Automation and Digitalization Driven Design Technologies

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The Automotive Electronics Market is anticipated to reach US$ 250 Billion in 2023 and then increase at a CAGR of 4.6% and is expected to US$ 400 Billion between 2023 and 2033. The automotive electronics demand increased due to the increased integration and implementation of modern safety systems, including automated airbags, parking assistance systems, emergency braking, and lane departure warning to reduce traffic accidents.

In-vehicle passenger safety features such as alcohol…

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