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Automotive Microcontrollers Market Size and Share | Industry Statistics – 2032

The global automotive microcontrollers market is anticipated to expand at a CAGR of 8% during 2024-2032, driven by the integration of advanced driver assistance systems (ADAS), along with electric and hybrid vehicle revolution.

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Automotive Microcontrollers Market Size and Share | Industry Statistics – 2032

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  1. Automotive Microcontrollers Market Size and Share | Industry Statistics – 2032 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Automotive Microcontrollers Market: • The global automotive microcontrollers market is anticipated to expand at a CAGR of 8% during 2024-2032, driven by the integration of advanced driver assistance systems (ADAS), along with electric and hybrid vehicle revolution. • According to a report by The International Energy Agency in 2022, in just three years, electric car sales soared from 4% in 2020 to an impressive 14% in 2022, reflecting a significant shift toward sustainable mobility. The rise of electric and hybrid vehicles has amplified the demand for automotive microcontrollers. As automakers worldwide shift towards electrification, microcontrollers play a pivotal role in managing battery systems, power electronics, and other critical components. Moreover, the integration of advanced driver assistance systems (ADAS) and in-vehicle infotainment systems has been a major catalyst for industry growth.

  3. Continued... • Growth Drivers: • Rising trend of infotainment and in-car connectivity • Growing consumer demand for safety and convenience • Increasing vehicle electrification • Rising demand for Advanced Driver Assistance Systems (ADAS) • The overall automotive microcontrollers industry is classified based on bit size, vehicle type, propulsion type, application and region. • The safety & security application segment is expected to grow rapidly till 2032, driven by increased demand for vehicle safety, rising consumer awareness, and strict government regulations. The security aspect is crucial, with microcontrollers playing a pivotal role in safeguarding vehicles from cyber threats. As modern vehicles become increasingly connected, the risk of cyber-attacks has grown, making robust security systems imperative.

  4. Browse key industry insights spread across 220 pages with 790 market data tables & figures from the report, “Automotive Microcontrollers Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/automotive-microcontrollers-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/7604

  5. Continued... • The 8-bit microcontrollers segment is set for decent growth during the forecast period, owing to their simplicity and efficiency which makes them ideal for automotive functions like basic engine control. Moreover, their cost-effectiveness and versatility contribute to the overall efficiency of vehicle electronic systems. • Asia Pacific automotive microcontrollers market share is poised to witness swift growth by 2032, owing to the dynamic automotive landscape and rapid technological advancements. Countries such as China, Japan, and South Korea, with a huge population base, laying a strong emphasis on electric and autonomous vehicles. This will create a lucrative growth landscape for the market players in the APAC region.

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