World automotive electronic device market to grow 2.9% to 2015

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According to the report “Automotive Electronic Devices: Technologies and Global Markets” the world market for automotive electronic devices was predicted to be worth $15.1 billion in 2010. At a CAGR of 2.9%, the automotive electronic devices market is due to grow to $17.4 billion in 2015.

North Americamakes up the main market for automotive devices, accounting for nearly $5.6 billion in 2010, followed byEuropeat $5.1 billion. Both these markets are going to exhibit relatively flat growth at 0.2% and 1.2% CAGRs, during the next 5 years.Asia is the highest growth segment for automotive devices and will grow at a CAGR of 8.4% from $3.3 billion in 2010 to $4.9 billion in 2015.

Read more about the report “Automotive Electronic Devices: Technologies and Global Markets” 

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