Automotive Microcontroller Market Share by 2027: Upcoming Trends and Analysis
In 2021, the automotive microcontroller market is valued at US$ 1.32 Bn. The market is likely to grow at a CAGR of 13.7% CAGR through 2022 with the projection value of US$ 1.5 Bn.North America is the largest market for automotive microcontroller but APEJ (Asia Pacific excluding Japan) will be leading the global market by the end of 2022. ADAS (Advance driver assistance system) has a comparatively high demand in the application segment of automotive microcontrollers market. Download FREE Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4685
Automotive Microcontroller Market Dynamics:
The major key drivers of automotive microcontroller market is advancement in transportation system such as, in road transportation, rail transportation. Another driver is increase in demand of capacitive touch sensing – button sliders and wheels, in which this automotive microcontrollers are used for automatic control sensing. Safety measures in automobiles also promotes the automotive microcontroller market such as, high temperature control, air bag control. Faster speed of execution of automotive microcontrollers is also a major driving factor for this market. There are some restraining factors in automotive microcontrollers such as its complex architecture.
There are some latest trends in automotive microcontroller market such as, which includes combustion feedback engine control, active suspension systems, anti -skid brakes incorporating traction control and digital audio-based entertainment systems. Sensor interfaces and safety system are also in trending in automotive microcontrollers. One of the latest trend in the automotive microcontrollers is use of microchip which improves the connectivity between the vehicle and its moving system, also improves the flexibility of a vehicle in the critical situation.
Automotive Microcontroller Market Regional Overview:
The global automotive microcontroller marketis divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). North America and Eastern Europe holds the major share in the globalautomotive microcontroller marketin terms of production and revenue sharing. Followed by North America and Eastern Europe is APEJ and Western Europe are expected to grow relatively at a higher CAGR during the forecast period since the use of automotive microcontroller improving the safety measures and makes transportation easy.
The global automotive microcontroller marketin Japan is well established and expected to grow at average CAGR over the forecast period. MEA and Latin America are expected to expand at sluggish growth rate due to political and economic turmoil in the region.
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Automotive Microcontroller Market Regional Segmentation:
Asia Pacific is likely to dominate the global market due to progress in economic conditions, increasing vehicle production, and rising investments by leading industry players in the region. Growing adoption of automobiles for various applications is likely to boost the overall automotive microcontroller market significantly in this region.
Automotive Microcontroller Market Key Players:
- Texas Instruments
- Microchip Company
- Silicon Labs
- Renesas Technology Corp
- Intel Corporation
- Dallas Semiconductor
- Fujitsu Semiconductor Europe
- ST Microel- electronics
- ZiLog Company
- Freescale Semiconductor Company
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Automotive Microcontroller Market Segmentation:
Automotive Microcontroller Market can be segmented on the basis of application
- Advanced Driver Assistance System
- Parking Assist System
- Brake control system
- Electric Control Suspension
- Functional Safety Technology
- Transmission Control
- Start-Stop System
- Pump Control
- Electronic Power Steering System
- Power Slide Door
Automotive Microcontroller Market can be segmented on the basis of materials used
- Tinned Steel
- Nickel-Cobalt Ferrous Alloy
- Copper alloy
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