APAC Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region Asia Pacific industry is estimated to account for largest revenue share by 2037, owing to presence of a large number of players in the region. Major vendors are focusing on expanding their geographical reach in all parts of the world by making huge investments and launches like that of “Make in India”, and other such projects.
Moreover, Asia Pacific region is anticipated to exhibit a significant CAGR owing to the high production of cars in emerging economies such as India and China. Increasing demand for keyless technology for homes and automotive applications in these economies is also driving the growth of the market in this region.
Author Credits: Saima Khursheed
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