The global automotive communication technology market is projected to grow at a CAGR of 16.7% during the forecast period, from USD 6.78 billion in 2018 to USD 19.99 billion by 2025
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Thursday, June 28, 2018
Increasing demand for automotive safety systems supported by government mandates and increasing number of electrical systems in the vehicle are driving the growth of the automotive communication technology market.
Key Points:
- Increasing demand for automotive safety systems supported by government mandates and increasing number of electrical systems in the vehicle are driving the growth of the automotive communication technology market.
- However, increasing complexity and less reliability of electronics architecture can restrain the growth of the automotive communication technology market.
- The emergence of autonomous vehicles is expected to create opportunities for the automotive communication technology market in the coming years.
- The Asia Pacific region is estimated to hold the largest share of the global automotive communication technology market in 2018.