Increasing Instances of Vehicle Recalls Have Boosted Demand for TIC Services in Automotive Industry

Posted by MarketsandMarkets on Feb 15, 2019 6:00:52 PM

What had initially started as a limited recall of cars in early 2013 by the key automotive manufacturers across the globe eventually became a global phenomenon until 2019. During early 2013, about 3.6 million vehicles were recalled due to the defective airbags manufactured by the Japanese Conglomerate named Takata Corporation, now Key Saftey Systems (China), led Takata to bankruptcy and eventually acquisition by a Chinese company that develops and manufactures automotive safety systems.

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Topics: Automotive and Transportation, Semiconductor and Electronics, TIC Services, Automotive TIC market

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