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Advancements in the Automotive Microcontroller Market : Powering the Next Generation of Vehicle

08-17-2023 12:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Advancements in the Automotive Microcontroller Market :

As per the report published by Allied Market Research, the global automotive microcontroller market was pegged at $9.06 billion in 2018 and is anticipated to reach $15.77 billion by 2026, growing at a CAGR of 7.3% from 2019 to 2026.

Rapid development in the automotive industry and high demand for safety features have boosted the growth of the global automotive microcontroller market. However, its operational failure in extreme climatic conditions and high initial costs & complex structure hamper the market. On the contrary, an increase in demand for electric and hybrid vehicles create lucrative opportunities for the market in the coming years.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ : https://www.alliedmarketresearch.com/request-sample/6414

Microcontrollers are compact integrated circuits, which are designed for a specific operation. With the introduction of automation in automobiles, microcontrollers find wide application in them to control various operations associated with autonomous vehicles, thus supplementing the growth of automotive microcontrollers. Automotive microcontrollers include various components such as processors, memory and input & output peripherals, which are integrated on a single chip and are deigned to operate automatic systems of vehicles.

Automotive microcontrollers are widely installed in autonomous and semi-autonomous vehicles that are now equipped with numerous automatic components, such as different sensors and automatic exhaust system. This installation of various products supplements the growth of automotive microcontrollers, thereby supplementing the automotive microcontroller market growth.

Current trend for installation of advanced components in vehicles has increased due to their efficient features, which has made them popular among vehicles. This has enabled electronic component manufacturers to develop better and effective microcontroller, which works efficiently thus increasing the automotive microcontroller market share across the globe.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-microcontroller-market/purchase-options

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜ :

By application, the powertrain & chassis automotive microcontroller generated the highest revenue in 2018.

By technology, the adaptive cruise control automotive microcontroller generated the highest revenue in 2018.

By vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.

By region, Asia-Pacific contributed the highest automotive microcontroller market revenue in 2018, followed by Europe, North America and LAMEA.

Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

๐‹๐ž๐š๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Infineon Technologies AG
Microchip Technology Inc.
Cypress Semiconductor Corporation
NXP Semiconductor N.V.
Toshiba Corporation
Renesas Electronic Corporation
On Semiconductor
STMicroelectronics
Texas Instrument Incorporated
ROHM Semiconductors

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  : https://www.alliedmarketresearch.com/purchase-enquiry/6414

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

David Correa
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help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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