NEW YORK – The global automotive electronics market is expected to grow at a CAGR of 3.31% between 2012 and 2016, according to TechNavio.

One factor driving the market growth is the increasing demand for entertainment devices. The market has also been witnessing greater integration of electronics in vehicles. Lower investment in automotive electronic devices as a result of its high cost could pose a challenge, however, the research firm says.
 

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