Rapid electrification of vehicles and increase in usage of automotive integrated circuit technology in automobiles like driver assistance system in-vehicle communication system transmission control system and others are estimated to offer beneficial demand for electronics in vehicles. These factors drive the global Automotive Integrated Circuit (ICs) Market. An increase in demand for electronics in vehicles lowers down the price of ICs, which further boosts the market growth. In addition, the emergence of IoT in the automotive industry assists to supplement the growth of the market.
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