Automotive Communication Technology Market Projected To Witness Vigorous Expansion By 2025
The report “ Automotive Communication Technology Market by Bus Module (LIN, CAN, FlexRay, MOST, and Ethernet), Application (Powertrain, Body Control & Comfort, Infotainment & Communication, and Safety & ADAS), Vehicle Class, and Region – Global Forecast to 2025″ , The automotive communication technology market is estimated to be USD 6.78 billion in 2018 and is projected to reach USD 19.99 billion by 2025, at a compound annual growth rate (CAGR) of 16.7% during the forecast period. Increase in government mandates and industry norms to reduce emission and improve the safety of vehicles and rising number of electronic systems in passenger cars are the key drivers for the automotive communication technology market. Asia Pacific to hold the largest share of automotive communication technology market in 2025 Asia Pacific is projected to be the largest market for automotive communication technology from 2018 to 2025. The market growth in the region can be attribu...