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Automotive Controllers Market are estimated to exceed 1,500 Mn by 2022 By RRI

06-28-2018 08:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Research Report Insights

Automotive Controllers Market are estimated to exceed 1,500 Mn

Market Snapshot:

Micro-controller is type of processor on a single integrated circuit comprising of processor, memory and input/output peripherals. Automotive microcontrollers refer to integrated chip controlling automobile functioning. The growth in the automotive microcontrollers market is largely driven by the increase in number of automated vehicles, and consumer demand for safety features, entertainment systems and other convenient features. The advent of automated electronic technologies for automotive systems such as Electronic Control Unit (ECU), Electronic Stability Control (ESC) and Advanced Driver Assistance Systems (ADAS) is further going to spur the growth of the market.

However, the growth of the automotive micro-controllers market is limited due to high cost of electric vehicles, and malfunctioning of microcontroller in extreme conditions such as extremely high and low temperature.

The revenues from global automotive controllers market are estimated to exceed US$ 1,500 Mn by 2022 at a CAGR of 13.7% over the forecast period.

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Market Segmentation, By Material Type

Tinned Steel
Nickel Cobalt Ferrous Alloy
Copper Alloy
By Vehicle Type

Compact Passenger Cars
Mid Sized Passenger Cars
Premium Passenger Cars
Luxury Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
By Application

Advanced Driver Assistance System
Parking Assistance System
Brake Control System
Electric Control System
Airbags
Functional Safety Technologies
Transmission Control
Start Stop System
Electric Power System
With the rampant R&D and economies of scale, the cost of micro-controllers declined over the past few years. However, it is being expected that the cost of microcontrollers will increase with the usage of tags. The key trend observed in the global automotive microcontrollers market is the adoption of microchips to improve flexibility and efficiency of vehicles.

Tinned Steel to Account for Largest Revenue Share of the Market

Tinned steel is the preferred material for the automotive micro-controllers, owing to its high tensile strength and light weight, followed by copper alloy. Tinned steel is anticipated to account for the largest share of the market during the forecast period from 2017 to 2022. Copper alloy is expected to be second most attractive material and will account for over 30% share of the market through 2022.

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Regional Analysis

In terms of revenues, North America is expected to lead the global automotive micro-controllers market in 2017. However, by 2022-end, Asia-Pacific is anticipated to be the largest market for automotive microcontrollers. In addition, the market in Asia Pacific excluding Japan is projected to register the fastest expansion through 2022, followed by Middle East & Africa.

Competitive Scenario

The key players operating in the global automotive micro-controllers market are the NXP Semiconductors NV, Texas Instruments Incorporated, Microchip Technology Inc., Analog Devices Inc., STMicroelectronics NV, Silicon Labs Private Limited, ON Semiconductor, Infineon Technologies, Toshiba Corporation, and Renesas Electronics Corporation.

Report Analysis: https://www.researchreportinsights.com/report/rd/110114777/Global-Automotive-Micro-controllers-Market

About Us:
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends.
Our research services cover global as well as regional emerging markets such as BRICS, GCC, and ASEAN. Our offerings cover a broad spectrum of verticals which include Oil and Gas, Chemicals, Materials, Energy, Technology, Automotive, and Retail. The operating model of RRI blends cross-disciplinary research experience to deploy insightful, in-depth, and actionable research.

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