From GlobeNewswire: 2024-07-11 12:30:00

Custom Market Insights published a report on the Automotive Electronics and Software Market, predicting a growth to USD 519,597.8 Million by 2033 at a CAGR of 4.8%. Factors include the rise of EVs and autonomous vehicles, demand for ADAS, infotainment systems, emphasis on fuel efficiency, digitalization, and partnerships. Texas Instruments unveiled a radar sensor, while Volkswagen and Microsoft collaborate on automated driving. COVID-19 impacted the industry, causing supply chain disruptions, decreased vehicle sales, focus on digital transformation, agile manufacturing, and collaboration for innovation. Key questions answered include market size, growth rate, driving factors, top companies, and fastest-growing segments.



Read more at GlobeNewswire: [Latest] Global Automotive Electronics and Software Market