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Automotive Microcontrollers Market - Forecast to 2022 - Key Players Are NXP Semiconductors, Infineon Technologies, Toshiba Corp. and Texas Instruments - Research and Markets

[September 21, 2017]

Automotive Microcontrollers Market - Forecast to 2022 - Key Players Are NXP Semiconductors, Infineon Technologies, Toshiba Corp. and Texas Instruments - Research and Markets

The "Automotive Microcontrollers Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global automotive microcontrollers market size is estimated to be USD 989.2 Million in 2017 and is projected to grow to USD 1,886.4 Million by 2022, at a CAGR of 13.78%.

The growing electrification of the drivetrain is expected to increase the use of microcontrollers in automobiles to a large extent in the near future. The automotive microcontrollers market has shown steady growth in developing countries such as India, China, and the Middle East. However, the demand for expensive 32-bit multi-core microcontrollers in safety and security systems can restrain the growth of the market in developing countries such as India, Russia, Brazil, and South Korea.

The safety and security application has the largest market share of the automotive microcontrollers market due to the wide range of advanced features such as advanced driver assistance system (ADAS), airbag system, and anti-lock brake system. The increased installation rate of high-end electronics in passenger cars increases the complexity in the microcontrllers operation for the system. This factor increases the cost of components used in safety and security application, which is responsible for the largest share of automotive microcontrollers.

The market for 32-bit microcontrollers is estimated to grow at the highest CAGR during the forecast period. The growing rate of installations of advanced safety and security features in a vehicle has triggered the growth of this microcontroller variant. OEMs are focusing on research and innovation for widening the application of 32-bit microcontrollers in a vehicle, which makes it a lucrative market for tier I manufacturers as well as OEMs.

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