The global Automotive Solenoid Market is estimated to be USD 4.13 billion in 2017, and is projected to grow at a CAGR of 8.82% from 2017 to 2022, to reach USD 6.30 billion by 2022. The growth of this market is fueled by rising automation in vehicles and increased production of vehicles in emerging economies due to urbanization.
Automotive Solenoid Market is estimated to be USD 4.13 billion in 2017, and is projected to grow at a CAGR of 8.82% from 2017 to 2022, to reach USD 6.30 billion by 2022. The growth of this market is fueled by rising automation in vehicles and increased production of vehicles in emerging economies due to urbanization.