IHS: Market for autonomous car parts to hit $1.1B in 2020

The growing trend toward autonomous vehicles will boost the global market for driving components to $1.1 billion in 2020 from $742 million this year, according to IHS Automotive. “Autonomous driving will open the door for more high-tech companies to be suppliers of software, sensors and chips,” said IHS Automotive’s Egil Juliussen.