Automotive Microcontroller Market Forecast to 2024

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Automotive Microcontrollers Market Global
Industry Analysis Report, Share, Growth, Price
Trends and Forecast, 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Microcontrollers
Market

• Vehicle electrification will surge the demand for
  automotive microcontroller market in the forecast
  timeline. Various government initiatives taken in
  the interest of reducing pollution and conserving
  environment will increase the adoption rate of
  electric vehicles.
• Rising adoption of these vehicles due to the
  benefits, such as emission-free mobility and less
  maintenance as compared to petrol or diesel
  vehicles, is expected to increase the industry
  demand over the forecast period.
• Technological advancements will enhance the
  automotive microcontroller market in the forecast
  time line.
• With this technology auto makers now, need not
  separately install different parts and undergo
  multiple tests which results in improved
  communication ability of the connected cars as
  well as product reliability.

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Continued...

• Wide range of applications are served by the
  advanced semiconductors thereby boosting the
  automotive microcontrollers industry size. The
  major applications include collision warning,
  telematics, navigation, engine control, tire
  pressure warning, ADAS, and many others.
• Vehicle manufacturers will purchase the
  electronic components frequently in the near
  future to install in the connected cars, electric
  vehicles, and autonomous cars and will gain
  momentum with additional features.
• Asia Pacific dominated the overall industry share
  in 2016 and is expected to continue with the same
  trend. This growth is attributed to rapid vehicle
  electrification in the Chinese market in
  two-wheeler as well as four-wheeler segments.
• Automotive microcontrollers market players
  include Texas Instruments, STMicroelectronics,
  Infineon Technologies AG, ON Semiconductor Corp.,
  Maxim Integrated Products, Renesas Electronics
  Corp., NXP Semiconductors N.V., and Toshiba Corp.

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360 Analysis

• Product Analysis
• Automotive Microcontrollers Market size is mainly
  driven by customer demand for entertainment
  systems, safety features, and added convenience.
• Regional Analysis
• Asia Pacific dominated the overall industry share
  in 2016 and is expected to continue with the same
  trend. This growth is attributed to rapid vehicle
  electrification in the Chinese market in
  two-wheeler as well as four-wheeler segments.
  Upcoming new and stringent regulations will
  support the automotive microcontroller market
  growth in the region.
• Competitive Market Share
• Automotive microcontrollers market players
  include Texas Instruments, STMicroelectronics,
  Infineon Technologies AG, ON Semiconductor Corp.,
  Maxim Integrated Products, Renesas Electronics
  Corp., NXP Semiconductors N.V., and Toshiba Corp.
  Manufacturers are involved in developing long
  term relationship with the auto makers to
  increase its sales and sustain in the competition.

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