Auto-mobiles currently use a large number of essential parts and other complementary accessories like braking systems, windshield wipers, braking systems, exhaust systems etc for smooth functioning of the vehicle.
Automotives currently use a large number of electronics and electronic devices for working.
The growth in global automotive sensors is attributed to the increasing demand of autonomy, stricter emission standards and the increased demand of safety features in the vehicles.
South Korean automotive manufacturer INFAC North America is expanding its business to Campbellsville (Kentucky State U.S.) with investment of $1 million. This company is expert in manufacturing automotive cables, actuators, antennas and horns.
The US used car sales market was around $91bn in 2013 and is expected to grow at around 0.8%-1% during the forecast period of 2013 â€“ 2018. The Indian used car market is expected to grow from around 2.8 million units in 2013 to more than 9 million units in 2018.
Advanced driver assistance systems (ADAS) which include assisted and automated car parking, collision avoidance systems, automatic braking systems, lighting and speed control systems is a high growth segment with IVN to act as the primary backbone.