openPR Logo
Press release

Automotive Microcontrollers Market to Grow at CAGR of 13.7% During 2017 to 2022

10-10-2017 08:00 AM CET | Industry, Real Estate & Construction

Press release from: Future Market Insights

Automotive Microcontrollers Market to Grow at CAGR of 13.7%

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).

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

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.

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.

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

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.

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.

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

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.

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

CONTACT:
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 Grow at CAGR of 13.7% During 2017 to 2022 here

News-ID: 764080 • Views: 119

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Microcontrollers

Global Microcontrollers Sales Market Report
This report studies the global Microcontrollers market status and forecast, categorizes the global Microcontrollers market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). The global Microcontrollers market is valued at million US$ in 2017 and will reach million US$ by
Global Microcontrollers Market Insights, Forecast 2025
This report presents the worldwide Microcontrollers market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The Microcontrollers market was valued at Million US$ in 2017 and is projected to
Global Microcontrollers Market Trend and Forecast 2025
This study focuses on the production side and consumption side of Microcontrollers, presents the global Microcontrollers market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Microcontrollers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of consumption side, this report focuses on
Global Automotive Microcontrollers Market - Trends & Future Opportunities
Global Automotive Microcontrollers Market 2018 offer insights of a detailed and fundamental research of Automotive Microcontrollers industry with the future prospects of the market to provide the current state and emerging trends in the market. Global Automotive Microcontrollers Market 2018 research report further highlights the methodical outlook of the industry by considering aspects such as Automotive Microcontrollers market growth, consumption volume, market trends and Automotive Microcontrollers industry cost structure during
Automotive Microcontrollers Market: Demand for Microcontrollers Gaining an Upsur …
Automotive microcontrollers are integrated chips, which enable control over the automobile functioning. Compact microcontrollers comprising least component designs are integrated into automobiles for performing activities that need functionalities such as monitoring and controlling. 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
Global Automotive Microcontrollers Market: APEJ will be Most Lucrative Market fo …
Researchmoz added Most up-to-date research on "Global Automotive Microcontrollers Market: APEJ will be Most Lucrative Market for Automotive Microcontrollers by 2022-end" to its huge collection of research reports. Future Market Insights (FMI) has delivered a comprehensive, insightful, and unbiased research report titled “Automotive Microcontrollers Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)”. The report provides a detailed analysis of the global automotive microcontrollers market, covering its dynamics comprehensively, and offering