The need for automotive electronics components is anticipated to increase as hybrid electric vehicles (HEV) and electric vehicles (EV) become more widely used. Additionally, replacing mechanical parts with electronic parts, such as using electronic switches rather than relays, is another way that electronics can meet the diverse needs of the automotive industry while at the same time boosting reliability and lightening wire harnesses. Over the projection period, it is also anticipated that government laws to reduce traffic accidents and technological improvements connected to in-vehicle safety will increase demand.
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