With the expanding number of road mishaps, vehicle owners are moving towards more automated vehicles. The strict regulations are prompting the incorporation of cutting-edge elements in passenger cars including TPMS (tire pressure monitoring system), inhabitant identification and electronic solidness control. With the tightening of rules for the passenger car makers, a lot of prospects anticipate the automotive cockpit electronic organizations in the close term.
As per the International Transport Forum of OECD (Organization for Economic Cooperation and Development), the number of cars running globally is anticipated to touch 2.5 Billion towards 2050 end. There has been a remarkable increase in the possession of passenger cars in the Arab and Eastern Europe nations. Being a Europe logistics hub, Germany is one of the nations having a maximum number of commercial vehicles. BRIC nations are projected to remain the prominent expansion drivers in the automotive industry. In the cockpit electronics market, a few emerging countries are registering high expansion rates. Moreover, Brazil was amid the sixth biggest producer of automobile all over the world.