Global Auto Electronics Market to reach $277 billion by 2020
Industry Experts, a multi industry focused market research firm, has today announced the availability of 2013 version of the market research report ‘ Global Automotive Electronics with Special Focus on OEMs Market ’. As per the new report, the global market for automotive electronics is estimated to be US$191 billion in 2013. Automotive Electronics are increasingly utilized in today’s automobiles. Beginning with the requirement of providing enhanced engine control, the current breed of automobiles has become more and more reliant on electronics, enabling them in going faster, even while providing highest levels of safety. Today’s contemporary cars have evolved into electronic machines, with more and more operations being controlled with electronic control units (ECUs). For instance, a premium segment car can comprise up to 150 such ECUs for controlling virtually all vehicle-related aspects. These can include an engine control unit for managing a car’s efficiency, a steering and surro...