The growing automotive industry and continuous technological developments have transformed the driving experience completely. Cars in today’s world are equipped with unprecedented numbers and types of advanced gadgets. Be it the GPS system or entertainment systems, everything is going digital and driving the global market for automotive electronic devices. Electronic components in vehicles make up more than 30% of the production cost, and this is expected to rise. Growing at an expected CAGR of near about 3.1% from 2012 – 2018, the market is estimated to be worth USD 18.5 billion in 2018
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