Latest report by technology Research company, Technavio said global auto electronics market will grow at more than 14 per cent during the by 2020.

The research study covers the present scenario and growth prospects of the global auto electronics market for 2016-2020.

To calculate the size of the market, the report considers the production data for automobiles (passenger cars — luxury, mid-level, and entry-level segments, and light commercial vehicles [LCVs], and heavy commercial vehicles [HCVs]), annual revenue data of a select list of major OEMs, and the annual revenue data for a select list of automotive suppliers.
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“The ultimate aim of the industry is an autonomous car electronically driven by the on-board computers. The vehicle should ideally navigate with the help of information received from its connected car network and from the internet of things,” a lead analyst at Technavio for automotive electronics research, Siddharth Jaiswal said.

The technologies that are gradually pushing vehicular electronics toward this goal include drive-by-wire technologies that have been adopted from the aviation industry. Hybrid vehicular technologies are also significant and are considered middle ground between purely mechanical components and pure electronics.