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According to our (Global Info Research) latest study, the global Automotive Electronic Components market size was valued at USD 50480 million in 2023 and is forecast to a readjusted size of USD 73680 million by 2030 with a CAGR of 5.6% during review period.

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An electronic component is a basic element in an electronic circuit, usually individually packaged, with two or more leads or metal contacts.Electronic components must be connected to each other to form an electronic circuit with a specific function, such as an amplifier, a radio receiver, an oscillator, etc. One of the common ways of connecting electronic components is to weld them to a printed circuit board.Electronic components may be individual packages (resistors, capacitors, inductors, transistors, diodes, etc.) or groups of varying complexity such as integrated circuits (operational amplifiers, exclusion, logic gates, etc.).With electric cars, in recent years made car, new technology and new applications such as automated driving moved close to the auto industry to the micro control unit, sensor and memory automotive electronic equipment such as a surge in demand, semiconductor manufacturers in the automotive industry began to play a more and more important role in the supply chain, experts predict automotive electronic components industry development opportunities are emerging.

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