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(Transportation-News.com, November 01, 2024 ) Automotive Microcontrollers Market is expected to reach US$ 22.93 Bn. by 2030, at a CAGR of 8.2% during the forecast period.
The automotive microcontroller market is experiencing significant growth, driven by the increasing integration of electronics in vehicles. Key drivers include the rise of electric vehicles (EVs) and hybrid electric vehicles (HEVs), which require advanced microcontrollers for battery management, motor control, and other critical functions. Additionally, the increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles necessitates powerful microcontrollers for sensor processing, decision-making, and control systems. However, the market faces challenges such as high development costs, stringent quality standards, and supply chain complexities.
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Automotive Microcontrollers Market segments
by Bit Size
8-bit Microcontrollers
16-Bit Microcontrollers
32-Bit Microcontrollers
by Technology
Park Assist System
Adaptive Cruise Control
Blind Spot Detection
Tire Pressure Monitoring System
by Application
Safety and Security Systems
Power train and Chassis
Infotainment and Telemetric
Body Electronics
by Connectivity
Vehicle to Vehicle (V2V) Connectivity
Vehicle to Infrastructure (V2I) Connectivity
Vehicle to Cloud (V2C) Connectivity
by Electrical Vehicle Type
BEV
HEV
PHEV
FCEV
by Vehicle Type
Passenger Cars (PC)
Commercial Vehicles (CV)
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Automotive Microcontrollers Market key players
NPX Semiconductors
Rohm semiconductors
Renesas Electronics Corporation
Texas Instruments Incorporated
Microchip Technology Inc.
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