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Automotive Microcontrollers Market

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Automotive Microcontrollers Market
Tinned Steel to
Manufacturers
Remain
Sought-after
by
Automotive
Microcontrollers
Market
Automotive manufacturers are utilizing microcontrollers for a wide range of
requirements including seating, power steering, engine control, and antilock brakes.
Leading players in the global automotive microcontrollers market are emphasizing
more on developing software, which is required for proper functioning of
automobiles.
A new report by Transparency Market Research has identified key players actively
contributing to the market expansion. These players include Texas Instruments
Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Microchip Technology
Inc., Renesas Electronic Corporation, Silicon Labs Private Limited, Fujitsu Limited,
Maxim Integrated Products, Inc., Infineon Technologies, and Toshiba Corporation.
Get PDF Brochure for Detailed Analysis of this Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34559
Tags for Microcontrollers to Witness a Gradual Hike in the Upcoming Years
Microcontrollers are now being adopted in infotainment systems, providing
connectivity to vehicle network. Hybrid electric vehicles have witnessed a surge in
popularity, owing to their energy efficiency. These vehicles require comparatively
more microcontrollers than conventional vehicles. Although cost of microcontrollers
remained lower in the recent past, tags for microcontrollers will witness a gradual
hike over the upcoming years. This is likely to lead toward an increased prices of
vehicles. Furthermore, integration of microcontroller is likely to remain challenging
for automobile manufacturers, which can be attributed to their complex design.
One of the key trends observed in the global automotive microcontrollers market is
utilisation of microchips to make improvements in the vehicle’s connectivity with its
moving systems, and to enhance the vehicle’s flexibility. An automotive
microcontroller enables increasing the execution speed, allows automatic control
sensing, and improves safety features including the high temperature control and air
bag control. Currently, microcontrollers are being implemented in sophisticated safety
features, such as blind spot detection, surround view cameras, automated braking &
lighting, advanced driver assistance systems (ADAS), and lane change warning.
The global automotive controllers market will register an impressive CAGR of over
10% during the forecast period (2017-2022). Over US$ 1,600 Mn revenues will be
accounted by sales of automotive microcontrollers across the globe by 2022-end.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/34559
Key Takeaways from TMR’s Report on Global Automotive Microcontrollers Market
• With convergence of transportation, automotive, and ICT sectors, Asia-Pacific
excluding Japan (APEJ) has been witnessing an increase in demand for cars
that are technologically advanced. This has led toward advent of advanced
vehicle ecosystem in the region. Introduction of driving assistance technology
in APEJ have prompted OEMs in opting for efficient microcontrollers for
catering to current market requirement. These factors are expected to propel
the market for automotive microcontrollers in APEJ. APEJ will become the
most lucrative market for automotive microcontrollers by 2022-end, surpassing
North America, which was the largest market for automotive microcontrollers
in 2017.
• Tinned steel will remain sought-after among materials by manufacturers of
automotive microcontrollers, followed by copper alloy. Revenues from sales of
these two materials for production of microcontrollers will collectively account
for over two-third share of the market during 2017 to 2022.
• Heavy commercial vehicles will remain dominant among vehicle type in the
global microcontroller market, in terms of revenues. However, sales of
automotive microcontrollers in light commercial vehicles will register a
relatively faster expansion through 2022.
• Although premium passenger cars will remain more lucrative than light
commercial vehicles in the market, sales of automotive microcontrollers in the
former vehicle type segment will reflect a comparatively lower CAGR than the
latter through 2022. Sales of automotive microcontrollers in electric vehicles
will register the second highest CAGR in the market through 2022.
• On the basis of application, ADAS and parking assist system will account for
approximately similar revenue shares of the global automotive microcontrollers
market during the forecast period. Brake control system will continue to be the
largest application of automotive microcontrollers throughout the forecast
period.
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monaliraghu
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