openPR Logo
Press release

Automotive Microcontrollers Market to expand at a CAGR of 13.7% by 2022

09-27-2017 07:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end.

Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles - A Major Trend

One of the major trends witnessed in the global market for automotive microcontrollers is utilisation of microchips for improving connectivity of vehicles with their moving systems, and for enhancing the vehicle’s flexibility. Automobile manufacturers have utilised microcontrollers for a variety of requirements such as engine control, antilock brakes, power steering, and seating. An automotive microcontroller helps in increasing speed of execution, enables automatic control sensing, and enhances safety features including air bag control and high temperature control. Currently, they are being used in sophisticated safety features, which include blind spot detection, automated braking & lighting, surround view cameras, lane change warning, and advanced driver assistance systems (ADAS).

Microcontrollers are also being deployed in infotainment systems, and provide connectivity to vehicle network. Popularity of hybrid electric vehicles has witnessed a surge owing to their energy efficiency. Hybrid electric vehicles need comparatively large number of microcontrollers than conventional vehicles. With modernisation of vehicles, number of microcontrollers required for vehicles has increased. Although cost of microcontrollers has remained lower over the recent past, the tags for microcontrollers are expected to witness a gradual rise over the next few years. This is expected to lead to an increased cost of vehicles. Moreover, integration of microcontroller has always remained a challenging task for automobile manufacturers, on the back of their complex design.

View and Download TOC of Automotive Microcontrollers Market Research Report@ https://www.futuremarketinsights.com/reports/automotive-microcontrollers-market/toc

Key Research Findings from FMI’s Report on Global Automotive Microcontrollers Market

In terms of revenues, although North America is expected to remain largest market for microcontrollers in 2017, Asia-Pacific excluding Japan (APEJ) will be the most lucrative region for automotive microcontrollers market by 2022-end. The convergence of transportation, automotive, and ICT sectors has increased demand for technologically advanced vehicles in APEJ, further resulting into advent of advanced vehicle ecosystem. The already imposed and impending safety regulations are expected to spur installation of the automotive safety technologies in vehicles across APEJ. In addition, introduction of driving assistance technologies has incentivised OEMs for opting efficient microcontrollers.

In terms of revenues, heavy commercial vehicles are expected to remain the most attractive in the market, based on vehicle type. In addition, premium passenger cars will also remain a lucrative vehicle type segment in the market over the forecast period. This is primarily attributed to rise in installation of advanced safety features in premium passenger cars, particularly across developed economies. Moreover, safety regulations and mandates have compelled OEMs to produce premium passenger cars featuring advanced technologies, thereby propelling demand for microcontrollers.

Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5060

On the basis of application, sales of automotive microcontrollers in ADAS and functional safety technology are expected to register similar CAGRs through 2022. ADAS application of automotive microcontrollers will remain comparatively more lucrative than functional safety technology. Brake control system will continue to be the most lucrative application of automotive microcontrollers.

By material type, sales of copper alloy for automotive microcontrollers are expected to exhibit the highest CAGR through 2022. Tinned steel will remain sought-after among materials in the global automotive microcontrollers market, with sales estimated to reach approximately US$ 600 Mn by 2022-end.

FMI’s report has profiled key players, who are actively contributing to growth of the global automotive microcontrollers market, which include Toshiba Corporation, Infineon Technologies, Maxim Integrated Products, Inc., Fujitsu Limited, Silicon Labs Private Limited, Renesas Electronics Corporation, Microchip Technology Inc., STMicroelectronics NV, NXP Semiconductors NV, and Texas Instruments Incorporated.

Buy Full Automotive Microcontrollers Market Report@ https://www.futuremarketinsights.com/checkout/5060

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 to expand at a CAGR of 13.7% by 2022 here

News-ID: 741727 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for FMI

According to FMI, Condition Monitoring Services Will Reach 6.79 Billion USD: FMI
The global condition monitoring service market is anticipated to exceed US$ 3.52 Bn by the end of 2022. Growing emphasis on the integration of condition monitoring software with computerized process control services and maintenance management software is expected to favour the growth in the market. The demand in the condition monitoring service global market is estimated to reach US$ 6.79 Bn by 2031, exhibiting growth at a CAGR of 9.8% during
Medication Dispenser Market Forecast and Analysis by FMI
According to Wikipedia, medication or pill dispenser is an equipment which releases medication at specified time. In simple language, an equipment gives a signal when the time comes to take the medicine. The purpose is to help senior citizens or people who may suffer from impaired ability to adhere to their prescribed medication regime. The device automatically releases the pre-measured dose into a small compartment that is easily opened and
Printing Paper Market Intelligence and Forecast by FMI
Global printing paper market: Introduction The global paper industry is undergoing rapid transformation and plays significant role in the global packaging industry. In addition to manufacturing of packaging products such as corrugated boxes, paperboards or envelopes, papers are also used for the production of printing paper for printing purposes. Printing paper market is anticipated to grow on the backdrop of packaging industry, printing industry, and as well as e-commerce industry
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during
Force Sensor Market Share, Value, Trends : FMI Report
Continuous adoption of force sensors as human-machine interface is projected to pave new business opportunities for force sensor manufacturers among various industries such as music & entertainment. In addition, surging implementation of various ICT technologies in healthcare, and rising necessity to improve quality of healthcare services are further expected to offer growth opportunities to developers of force sensing technology. Future Market insights (FMI), in its report, projects the global market