Automotive Microcontrollers Market
Automotive Microcontrollers Market Size And Forecast
According to Verified Market Research, the Global Automotive Microcontrollers Market was valued at USD 8.45 Billion in 2018 and is projected to reach USD 15.63 Billion by 2026, growing at a CAGR of 7.96 % from 2019 to 2026.
Global Automotive Microcontrollers Market Outlook
Owing to the advancement in technology, the growing demand for automotive microcontrollers in the transportation systems is driving the market growth. In addition, the increasing need for the safety features and speed of execution in the advance vehicular systems are the other factors contributing to the market growth. Moreover, the growing need for fuel-efficient vehicle with zero-emission led to imposing a positive outlook on the market growth. However, the issues related to the cyber threat and operational failure of the system are some factors restricting the market growth.
Global Automotive Microcontrollers Market Competitive Landscape
The Global Automotive Microcontrollers Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, Cypress Semiconductor Corporation, Microchip Technology Inc., On Semiconductor, Rohm Semiconductor and Texas Instruments Incorporated.
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