The global automotive electronics is a rapidly growing market and is expected to become a $500 billion market in the next 7 years. In India, the contribution of automotive electronics in a vehicle is likely to rise to 40 percent by CY30.
The continuous evolving regulations, safety requirements such as electronic stability control, autonomous emergency braking & advanced driver assistance systems and technology disruption (EV), are expected to be key drivers of this growth.
Analysts believe the software component is likely to grow multifold as an autonomous vehicle has more than double the lines of code than even an aircraft. Currently, a C-segment car has 30-100 Electronic control units (ECU), hundreds of sensors, half a dozen antennas and 50-100 million lines of software code.
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