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The North American autonomous car market is expected to grow at a compound annual growth rate (CAGR) of 17% from 2023 to 2030 to reach a value of over $52 billion by 2030, according to a report by ResearchAndMarkets.com.
The device provides drivers with instant in-vehicle alerts by communicating with smart city road side units to relay intelligent warning system activation data.
Acquisition of the GPS technology developer will enable Lear to improve GPS accuracy and reliability, and strengthen its connectivity capabilities for autonomous and connected vehicle applications.