Automotive Microcontrollers Market: Demand for Microcontrollers Gaining an Upsurge with Increasing Modernization of Vehicles
Demand for Microcontrollers Gaining an Upsurge with Increasing Modernization of Vehicles
Growing electrification of drivetrain by Tier I suppliers and OEMs is considered to significantly propel adoption of microcontrollers in automobiles in the upcoming years. Governments across the globe have introduced stringent automotive security and safety norms concerning environmental impacts of production processes and materials used for automotive microcontrollers. With increasing modernization of vehicles, demand for microcontrollers is gaining an upsurge, particularly in applications such as airbags and advanced driver assistance systems (ADAS).
A new report by Transparency Market Research (TMR) projects the global automotive microcontrollers market to showcase a splendid expansion at a CAGR more than 10% throughout the forecast period, 2017 to 2022. Global sales automotive microcontrollers are estimated to account for over US$ 1,600 Mn revenues by 2022-end.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/automotive-microcontrollers-market.html
APEJ to Surpass North America in Global Automotive Microcontrollers Market in Terms of Revenues by 2022-end
Most of the vehicles in North America have already been equipped with advanced body electronics and safety features, which in turn has driven the market for automotive microcontrollers in the region. North America stood at the forefront of the global automotive microcontrollers market in 2017. However, the market in Asia-Pacific excluding Japan (APEJ) is projected to surpass that in North America by 2022-end, in terms of revenues as well as CAGR. The market in Middle East & Africa is anticipated to exhibit a robust expansion through 2022. Japan will remain the least lucrative market for automotive microcontrollers, with sales poised to reach nearly US$ 100 Mn in revenues by 2022-end.
Sales of automotive microcontrollers for application in ADAS, functional safety technology, and start-stop system are expected to register similar CAGRs through 2022. Electric control suspension is anticipated to remain the fastest expanding application of automotive microcontrollers throughout the forecast period, followed by electronic power steering system. In contrast, parking assist system application of automotive microcontrollers will witness a sluggish growth through 2022.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/34559
Heavy Commercial Vehicles will Account for Largest Revenues Share of the Market during 2017 to 2022
Based on vehicle type, heavy commercial vehicles are expected to account for the largest revenue share of the global automotive microcontrollers market during the forecast period, followed by premium passenger cars. In addition, light commercial vehicles will also continue to account for a major share of the market, in terms of revenues. Sales of automotive microcontrollers in light commercial vehicles are projected to register the fastest expansion through 2022.
Tinned steel with continue to be preferred among materials used for production of automotive microcontrollers. Revenues from sales of tinned steel-based automotive microcontrollers will reach approximately US$ 600 Mn by 2022-end. Accounting for slightly more than 30% revenue share of the market, copper alloy will remain the second most lucrative material for automotive microcontrollers throughout the forecast period.
View Report@ https://www.transparencymarketresearch.com/automotive-microcontrollers-market.html
Players in the global market for automotive controllers are making more investments in the development of software essential for proper automobile functioning. TMR’s report has profiled active players in the global market for automotive controllers, which include Infineon Technologies, Toshiba Corporation, Fujitsu Limited, Maxim Integrated Products, Inc., Microchip Technology Inc., Renesas Electronic Corporation, Silicon Labs Private Limited, NXP Semiconductors NV, Texas Instruments Incorporated, and STMicroelectronics NV.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: http://www.techyounme.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Microcontrollers Market: Demand for Microcontrollers Gaining an Upsurge with Increasing Modernization of Vehicles here
News-ID: 1128510 • Views: 449
More Releases from Transparency Market Research
Heavy Duty Mixer Grinder Market Research Report Expected Size, Trends, Influenci …
The global Heavy Duty Mixer Grinder market is estimated to attain a valuation of US$ 5.4 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 3.6% during the forecast period, 2023-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading
Lung Cancer Surgery Market is Anticipated to Grow at A Sluggish CAGR of 5.6% by …
The global Lung Cancer Surgery market is estimated to attain a valuation of US$ 20.2 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.6% during the forecast period, 2023-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading
Smart Vehicle Cabin Market Emerging Growth Analysis, Future Demand and Business …
The global Smart Vehicle Cabin market is estimated to attain a valuation of US$ 148.1 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 9.2% during the forecast period, 2023-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders
Stoma Care Market Projected to Exhibit Growth at 7% CAGR by 2033- TMR Study
The global Stoma Care market is estimated to attain a valuation of US$ 1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 7% during the forecast period, 2023-2033. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction. The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market. Market Scenario Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s