The Global Automotive Electronics Market size is expected to reach $470.6 billion by 2030, rising at a market growth of 9.1% CAGR during the forecast period

However, implementing sophisticated electronic technologies and systems in vehicles is expensive, which is one of the primary factors restraining the market. Application OutlookBased on application, the market is segmented into ADAS, infotainment, safety systems, and powertrain electronics. In 2022, the safety systems segment dominated the market with the maximum share. Sep-2022: Continental Automotive Singapore Pte Ltd., a division of Continental AG came into an agreement with Go-Ahead and Nanyang Technological University. The agreement aimed to create and enhance the driving safety systems of Go-Ahead’s buses.