The automotive electronics market revenue stood at $235.7 billion in 2019, and it is predicted to rise to $615.3 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. The key factors driving the expansion of the market are the soaring sales of vehicles and increasing implementation of government regulations and policies in several countries for making vehicles fuel-efficient and safer.

The automotive electronics market revenue stood at $235.7 billion in 2019, and it is predicted to rise to $615.3 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. The key factors driving the expansion of the market are the soaring sales of vehicles and increasing implementation of government regulations and policies in several countries for making vehicles fuel-efficient and safer.