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Automotive Microcontrollers Market by Application, Vehicle, EV, Bit Size, Connectivity & Region - Global Forecast to 2022DUBLIN, October 5, 2017 /PRNewswire/ -- 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%. Automated electronic control technologies for automotive systems such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been evolving year after year. The new trend in the automotive industry is to manufacture vehicles that feature advanced technologies with the optimized weight-cost ratio. Safety and security system is estimated to hold the largest market share of the automotive microcontrollers market, by application, due to increased adoption of advanced single and multi-core microcontrollers in an automobile. Factors contributing to the growth of this segment include the mandates related to safety and security features. These include the mandatory instalation of ABS in passenger cars from 2018 in India and the regulation regarding the installation of TPMS in commercial vehicles in many countries of the world. By bit-size segmentation, the market for 32-bit microcontrollers is estimated to experience the highest growth during the forecast period. With the advent of the era of electric vehicles, the use of advanced power electronics components has increased. The 32-bit microcontrollers are widely used in all the major advanced applications of electric as well as conventional vehicles. By electric vehicle type, HEV is estimated to hold the largest share of the automotive microcontrollers market during the forecast period. The market growth can be attributed to the high level of production of HEVs during the forecast period. Also, the installation of 32-bit multi core/fusion box microcontrollers is higher in this segment, as compared to IC engine vehicles, because of the complexed power distribution of the vehicle. Companies Mentioned
Key Topics Covered: 1 Introduction 15 Appendix For more information about this report visit https://www.researchandmarkets.com/research/jnrcfk/automotive Media Contact: Laura Wood, Senior Manager
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